SUMMARY: The article provides advice for parents to help their children with present and future financial security. Experts recommend good money management to protect children's future, which includes teaching them how to manage their money realistically. Parents need to start this at home, helping children differentiate between needs and wants, and avoid unnecessary spending. Children should be taught the importance of credit and its long-term implications, as well as the responsibilities attached to using a credit card.

Bankers said it's important to maintain a good credit history and be aware of where your money is going.

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