human
What is the most effective way to teach my children about money?
assistant
The most effective way to teach your children about money is to start early and be open and honest with them. Explain how money works, including what it can buy and why it’s important to save for the future. Show them examples of wise financial decisions and discuss how they can make smart choices when spending or saving their own money. Encourage them to think critically about the media messages they are exposed to and help them develop a healthy relationship with money.