The editor over at Kiplinger Magazine, Janet Bodnar, has a great column this week about keeping it simple when discussing personal finance with kids.

And it doesn’t hurt that she used data from Econ4U’s most recent survey to make her point!

No matter how little you think you know about money, you still know more than your kids. They’re not going to ask you how TARP funds are being distributed or even for a rundown of your family’s balance sheet.

I love to tell the anecdote about my own son, then a freshman in high school, who was surprised to learn that you could deposit cash (and not just checks) in a bank. And even college students really do think that as long as you have checks in the checkbook there must be money in the account.

Read the whole thing here!