Do you give your children allowance? How often and how much? If you’re anything like uh-PARENT-ly cohosts Tracy Weiner and Anne Johnsos, you’re doing it wrong. But Ron Lieber, the Your Money columnist for The New York Times and author of The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money, says it’s never too late to start raising financially savvy kids.

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