The Practical Saver writes: “A lot of people go on with their lives not knowing how to manage money. As a result, they tend to bury themselves in debt and not save for their future. As a parent, I like my kid to grow as a responsible person especially when it comes to handling money. A lot of people may argue that kids won’t understand the concept behind the proper handle of money but I would argue for the opposite.” Here are some ways to teach your kids about money: Be a good model, teach kids about math then money, talk about money, give them allowance and allow them to spend. (thepracticalsaver.com)
YES, do teach them now, or it will be a battle for them. Plus we want them to make money, not the money to make them IN LIFE.