Money talks, but how do we start talking to kids about money?

Young kids learn pretty quickly that it takes money to “get things”. They watch as their parents slide their credit card into the machine at the grocery store, give some cash to buy an item at the mall, and maybe send their kids to school with a check or cash for a purchase at school.

There is no reason to wait until your kids are teenagers (they might be ignoring you at that stage anyway) to start teaching them the fundamental skills of budgeting. You as a parent, certainly don’t need a degree in finance to give them some solid and practical lessons.

The objective is to allow them to …