Use the MomentsGoing to the bank and grocery store with kids can be challenging. They get bored at the bank. And well they can be demanding at the store. But challenging as it may be they are great places for them to see how you handle money. They can learn how to pay for items. And they can learn to compare costs of items. And well going to the bank can teach them that saving money takes time.
Earned Or A Gift
Allowances are part of most children's lives. But do you have responsibilities attached to the allowance your children receive? Later in life they will need to know that in order to receive their paycheck they will have to complete certain tasks regularly in order to receive their paycheck. It's better to start teaching them early on that their are conditions attached to the money they receive.
It's important to let children know that there is some money that can be blown on fun things. And there is some money that needs to be saved for bigger purchases. And you don't want to forget to teach them that it is important to give too.
Start teaching your children young and they should become fiscally responsible as adults.