Fostering Responsibility

Set up a budget for your child to guide her spending (and saving) habits. Sticking to a budget will allow her to pay for the things she wants and needs.

Find tips on how to teach your child to be an effective shopper.

Teach your child about the costs of car ownership, and decide how much of this financial burden he should share.

It benefits children to spend their own money on necessities -- they will learn to budget their money and to spend it wisely.

Read some advice about giving significant amounts of money to your child.

Read tips and advice on what it takes for your child or young adult to start or continue with their entrepreneurship.

You can't tell your child how to spend her allowance, but you can provide guidance. Learn how to discuss these issues with your child.

Are chores an expected part of family life in your home? Read the pros and cons of giving your child an allowance for doing age approriate chores.

Find tips on how much allowance to give your child, and how to help him manage the money.

Find ways to teach your child about the economy. Understanding basic economics helps children understand how the world works.

It's important to help your child understand what things cost, whether there's value in those costs, and how to find bargains.

Once your child understands coins and bills, teach her about banks and checks -- another way of paying for items.

These tips can help you teach your child basic money concepts.

As soon as a child can speak, his parents can start telling him about earning money, saving money, and spending money.

After you've examined your own attitudes and values toward money, decide what things your child should understand about money.

Your children will follow your lead when it comes to spending or saving money -- make sure you set a good example!

Today there are new realities about money, and new ways to teach your kids how to manage it.

Teach your kids to think about money in terms of their goals -- that way, they can measure their progress.