Who’s teaching your kids about money?

If you take the time to teach your children about money, that’s fantastic. If you’re not, know that your children are learning money habits whether you’re teaching or not. Savvy marketers are telling our kindergartners that they need a certain toy to be happy, and credit card companies are peddling instant gratification to our teens.
To help you teach your kids about money, the Pennsylvania Institute of Certified Public Accountants offers these suggestions as a basis to build good money habits.
Allowances teach financial literacy
One tool to start teaching your kids about money is an allowance.
An allowance is an opportunity to place funds directly in a child’s hands, giving them experience in making choices, budgeting, and placing value on their desires.