Four tips for teaching your kids how to handle money

Gold ring with emerald for men

For parents with young children, almost everything is a learning opportunity, and money lessons can't come soon enough.

Recent Northwestern Mutual research found that Americans have difficulty saving for the long-term—they know they need to save, but they're not making it a priority or habit.

Parents can help kids develop savings habits early. Financial literacy website TheMint.org shares ideas and tips for raising money-savvy kids:

1. Try the four-bank system. Whether your child has an allowance, receives birthday money or earns her own "income," work with her to divide earnings into four jars labeled GIVE, SPEND, read more...