5 Simple Ways to Teach Kids About Money

Teach your kids the value of hard work at an early age. Renae Wang

I was blessed to grow up in a home where my siblings and I were taught wise money habits (would you really expect anything else from Dave Ramsey’s family?). And even though I didn’t always love the lessons on saving and budgeting as a kid, that knowledge set me up for success as an adult.

Sadly, way too many kids today miss out on the value of financial education, and way too many adults still struggle with money basics. But the good news is, you can start teaching your kids about money today with these five simple tips.

Give Them a Job

It’s so important to teach your kids the value of hard work at an early age. Work is good for them and helps them develop so many important skills, like responsibility and teamwork. And it’s key for them to learn money isn’t free—you have to earn it.