As parents, we can directly impact kids' attitude and beliefs towards money. However, certain inflection points in the child's life, like a college education or a major career option will warrant not only educating them on money, but also might warrant some quick arrangement of money for unforeseen expenditure.
Paying monthly bills is a necessary chore that has a definite effect on your credit score. According to the FICO scoring model, your payments account for as much as 35 percent of your total score. Create reminders for due dates or establish a calendar for yourself to ensure you get everything paid on time.