Raising Money Smart Kids
According to FrugalDad.com, here are some things to do if you want to raise kids who know how to handle money:
Talk -- Tell your kids about your money experiences growing up and your money experiences as a young adult. Let them learn from your experiences and your mistakes.
Stay Calm -- Kids don't really "get" that money is limited, so stay calm when they act like it's unlimited. You don't want them having negative emotions about money.
Put Them on a Budget -- Give your kids a fixed amount of money and let them do with the money as they see fit. Advise them, but let them make their own decisions. When they blow it, don't bail them out.
Jobs -- When you can, let the kids work for their money. Encourage them to be resourceful. Giving them as much experience as possible in handling their own affairs will pay huge dividends down the road.