Financial literacy 101: Teaching your children good money habits

There are many ways to teach your children good money sense. You can fall back on stories of how you used to earn, save and spend money all those years ago. You can fill their heads with lessons on how important it is to be careful and wise with their money. However, the bottom line is that experience is the best teacher. The key is to have your children learn by doing. Here are some ways you can encourage your children to save and manage money.

1. Get them interested in money early
2. Open a savings account in their name
3. Give regular allowance

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