human
What's a good way to teach my children about money?
assistant
A good way to teach your children about money is to start by teaching them the basics of how it works. Explain how money is created and circulated, as well as the different forms that money takes (cash, checks, credit cards). Then, let them experience the joy of earning their own money by allowing them to earn allowance or have jobs in which they can earn their own money. Additionally, you could also set up an allowance system where each child gets a certain amount of money per week or month depending on age and maturity level. Lastly, encourage your children to think critically about the value of money and how it should be spent responsibly.