The Charles Schwab 2008 “Parents & Money Survey” found that 57 percent of parents with teenage children wish they had learned more about money management when they were teens. The online survey of 1,000 American parents with teens between the ages of 13 and 18, conducted for Schwab by Kelton Research, showed that 60 percent of parents identify their teens as “quick spenders. The Schwab survey showed that 71 percent of parents think the best way for teens to learn about money is from guided, hands-on experience or from a parent’s example, but few involve their teens in family budgeting and spending decisions. In fact, the survey said parents were more likely to teach their teens how to do laundry (70 percent) and how to cook (68 percent) than how to regularly save money (54 percent), how to budget money (49 percent) and how to pay bills (43 percent). The Schwab survey showed that 93 percent of American parents worry their teens might make financial missteps, such as living beyond their means (67 percent), getting in over their heads with credit-card debt (65 percent), failing to save for emergencies (60 percent) or failing to stick to a budget (57 percent). read more