9 parents reveal the money habits they plan to pass on from generation to generation

From our staunch loyalty to our hometown football teamto the importance of philanthropy, many of our everyday habits and beliefs stem from our parents.So when it's our turn to pass down nuggets of wisdom to our own children, those timeless lessons from mom and dad are often top of mind.Business Insider asked parents with children of all ages to weigh in on the financial side of having kids, and several respondents shared the positive money habits and beliefs they learned from their own parents that they plantoinstillin their kids.Below, we'veanonymously highlightednine money lessons real parents hope their children pick up on. (Note: Responses have been edited for length and clarity.)SEE ALSO:13 kid expenses that are not worth the money, according to real parentsDON'T MISS:9 parents reveal the money habits they refuse to pass on to their kids"If you limit your spending, you'll have more freedom. Debt takes away your freedom, avoid it whenever you can. And if you're going to borrow, be smart about it and get the best deal you can."Credit cards carry some of the highest interest rates out there and can put you in a financial black hole if you overspend.Not to mention,it can take years to pay off credit card debt."The importance of working for your money. This is the best way to understand how difficult it is to obtain something and give value to labor."See the rest of the story at Business Insider
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