I love these ideas, however, I'm not sure I agree with the concept of not allowing kids to have credit cards. Instead, I would recommend giving them a credit card with a low limit and teaching them to spend responsibly. This article was helpful to me:

Best Ways To Teach Your Children About Money

These 15 steps are the tried and true methods however there also needs to be an emphasis on educational games that teach kids about money. Monopoly Jr and FastMONEY are two of the more popular games in our family. Monopoly Jr is in most stores and FastMONEY can be purchased at www.thefunmoneygame.com

Thanks for the tips. I've recently found a great way to stop the huge cell phone bills that my son was clocking up every month and it helps him learn how to budget at the same time. I got him a Motorola W376 tracfone phone from Walmart (for less than $30). And for $7 a month I can keep in contact with him while he's out of the house this summer and the best thing is that he is taught to budget his minutes becasue of Tracfone's unique airtime balance display on the screen. I would recommend it to any parent that is faced with the problem of a huge cell phone bill every month!

Great article! Make it fun for your kids too, this is crucial! There are too many distractions for our kids these days, so keeping them interested with a fun program or game is a great way to go! There are many good ones to chose from, this is one that we have used to teach kids about money, but search the internet, you'll find many more!

Cheers :)

I appreciate the concern which is been rose. The things need to be sorted out because it is about the individual but it can be with everyone.
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Jack brosnan
caravans for sale

Great article thanks.
Our research in the UK and other countries has shown the need to start talking about money with kids in k-8.
We recommend the Financial Fairy Tales series of books and resources for younger children as they introduce and explore concepts and ideas around money and enterprise through fun and entertaining stories - http://www.thefinancialfairytales.com

It can be really tough to teach kids nowadays about the true value of money and the hard work it takes to earn a dollar...Try these things out and see if they help you and your children learn about finance http://www.gobankingrates.com/savings-account/four-innovative-ways-to-sh...

Wonderful article!! I had my 11 yr old son sit and read it. I will bookmark this for future reference. You may be interested in this too child book publishing company

This is a good recommendation. It is important the the teens learn how to value their money at an early age. These tips will help impart to today’s youth how difficult it is to earn money and not to spend it on things that aren’t needed. A way to see if your teenagers are handling their money wisely is a prepaid debit card, wherein you can monitor their spending trends and can cut it off when necessary. Check out Billmyparents prepaid debit card. This is a good training tool for teenagers to manage their spending. Check it at prepaiddebitfacts(dot)com Another way is to monitor their spending and take interest on the purchases they make. In this way, the parent and the child can discuss and weigh the advantages and disadvantages of the item, and it's worth.