The ABCs of Money Management Teaching kids about money may seem a big matter, but if you start the discussion early and show better financial decisions, you set your kids up for victory. Some kids are enthusiastic observers. They learn how to manage money from their elders. Steps you take to manage money will have a long-lasting impact on them. Introduce the idea of savings and spending Teach them money doesn’t grow on trees All things you buy costs money Open bank accounts for kids Start teaching early Budget