How to Teach Kids About Money

As kids grow, they tend to become more thoughtful about money, and it's a process to teach them how to save more, shop wisely and earn money through small jobs. The current economic troubles provide a fitting time to school our kids on personal finance, according to Eric Tyson, author of Personal Finance for Dummies. If you're feeling guilty because you can't buy your child that video game system he desperately wants for Christmas, or you're asking him to choose between playing recreation basketball or taking karate lessons this winter, Eric Tyson has one word for you. Don't. In fact, he says, now is the perfect time to teach your kids some valuable financial lessons and learn that budgeting is how the world really works.
How to Teach Kids About Money