5 Ways to Teach Your Kids About Finances Start With Savings. Split Your Allowance into Buckets. Learn Balancing and Budgets. Invest. Delay Gratification. There are plenty of philosophies on how you can educate and responsibly teach kids about money . Some earn money through chores. Some have a weekly or monthly allowance. Others have checking accounts set up at early age and are taught to keep a register so they are always aware of their balance. Source: biggerpockets.com