J.D. at Get Rich Slowlyfound a great story on a dad teaching his kid the value of money.
There are reason behind all those overspending by teenagers or young adult with their credit cards – they do not know the actual value of money. Training them in the young age on how to use the money wisely can develop their sense of value and financial management skills:
The big problem I see with either of these methods is that most parents don’t teach any lessons beyond this and their kids learn that money is for spending on stuff, period. There are no lessons about making money earn more money. There are no lessons about the actual value of money.
Money is not everything, but good to be smart on it.
How Do You Teach Kids the Value of Money? – [Get Rich Slowly]