Financial Literacy For Kids

At what age should kids start learning about money?

I think it's important to teach children about money as soon as they understand the concept of value, which can be at a very young age. Teach your children to make choices. That they don't get everything that they want just because they can afford it, or just because you can afford it. There are times to say no, and there are times to have your child make a choice. "Do you want this, or do you want that? You can't have both. You can have one or the other." Also, encourage your children to start saving immediately. The old-fashioned piggy bank is a great tool, so that the youngest of children can take some of the money that you've given to them - or that their aunt, uncle or grandparents have given to them - and put it away. Get them in the habit of putting money away.