Kids are taught about sharing, safety, acceptable behavior, physical health and safety, and good study and work habits but seldom are they taught about money. These will be things that they take with them forever, after they grow up and move out on their own. Money is an important factor in life and it should be addressed in some manor so kids at least know the basics such as budgeting and saving.

Involve your children in family finances. Let them know how much you make or give them a comparison so they can better understand how much it is. Tell them how much each month money is spent on expenses, and what goes to savings, etc. If you are saving a lot your kids may try to as well, while if you are disorganized and spending without knowing how much you have available your kids may follow in that trend as well. How you spend your money will show your kids how much you have or don