With four little boys, sometimes the oldest one catches me off-guard. He asks about BIG kid responsibilities, and I realize that he's teaching me as much about this parenting thing as I'm teaching him about childhood. We've always wanted to instill financial skills in our kids early on, so we just started giving him an allowance through our partner BusyKid. We started super-small - five or ten cents for simple tasks - but it helps him exercise smart choices like spending, saving, sharing and even investing. I can approve or deny payments to him straight from my phone, as well as approve or deny his spending choices. It helps prompt a lot of discussions about money for us. Plus, I can create custom tasks based on things we have ongoing issues with (like putting his helmet away) and now he's super-eager to help out! How do you teach your kids about money?
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