Ways to teach kids about money Teaching your kids about money is necessary if you don't teach your kids how to manage money. Then somebody else will teach them, and that's quite risky. Teaching your kids about money at any stage is going to take time on your part. here are several ways to teach kids about money-:
Tell them the importance of giving money Lead your kids with an example Show opportunity cost to them Use a piggy bank for savings Show them expensive toys Avoid impulse buys