Financial strategy for children should include investing early

Curiosity about money is a signal to parents that it?s time to talk to their children about investing, according to a local adviser.

“When they start showing an interest, it?s time to talk,” said Patrick Collins, a principal at Greenspring Wealth Management, a Towson-based financial advising firm. “Go to the bank with them and show them how it works. Start talking about money by starting with an allowance, but rather than just giving them $10 a week, talk about budgeting and saving.”