You don't make your kids work: You may believe that, because your family makes enough money, you can spare your kids the hardship and annoyance of finding a summer job or part-time work in the last years of high school. This will require some time and patience to explain why they can't have certain things and that money is not an unlimited resource that can be found anywhere. It's important to understand that in order to keep your personal finances in order, you often have to make a choice and you can't have everything you want. You let your kids have everything they want: While there is a parental desire to give kids all the things they want, this is one of the worst things you can do because they will assume that it should continue to be that way even when they become adults. If you don't feel you have the knowledge to teach them, get some books from the library and make it required reading for the entire family. The problem is they aren't likely to learn until they have already made some huge mistakes you could have helped prevent. You assume your kids will learn personal finance on their own: It is true that if your kids don't learn personal finance from you, they are likely to learn it on their own. While there are 40 states that include personal finance to some extent in their educational guidelines, the reality is only seven states require students take a personal finance course in high school to graduate. They didn't do it when you were a kid and things haven't changed since then.
You assume your kids will learn personal finance at school: While it would be wonderful to be able to trust the school system to educate your kids in personal finance, that is not the case today.
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