5 Ways To Teach Good Money Habits To Your Kids Teaching some good ways of money management to children can save them from making some major mistakes in the future. The economic crisis indicates that every parent should start developing good money habits in their kids (from the age of three) to establish a well-founded financial base. Here are some important lessons about money that one should all impart to children.
Save for the future. Let them make mistakes. Model good financial behavior. Involve them in shopping and budgeting. Let them wait to buy something they want. Source- lifehack.org