5 ways to teach financial literacy to kids Teaching kids about money management is a big job for parents, and there are many ways to go regarding it. Money conversation usually starts by paying an allowance. Parents are already focused on teaching good habits to their kids — brushing their teeth, eating healthy food, and being kind and generous to others. Here are some great methods to teach your kids about money.
Divide the money into categories Create a wishlist with your kids Play games that involve money Teach while you shop Give an allowance