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How to Raise Kids Who Are Financially Fit

Baird's Tim Steffen offers tips on allowance for young children, first paychecks, student loans, and more.

Christine Benz: Hi, I'm Christine Benz from Morningstar.com. Many parents wrestle with how to raise kids who are financially fit. Joining me to share some financial guidance for kids at various life stages is Tim Steffen; he's director of financial planning for Baird.

Tim, thank you so much for being here.