You should teach your kids two main skills when it comes to money—and the earlier, the better.1. Ability to identify money and the value it represents (perhaps the latter gets learned more with time and experience)2. Ability to use money and make change.
Ways to Teach Preschoolers & Kindergartners About Money Management
1. Teach Your Kids Their Money ABC
Teaching your child about money starts with teaching them the concept of the dollar. Coins act as fractions of that unit while bills are multiples of that. 100 pennies; 20 nickels; four quarters; two half-dollars and one dollar coin all make up the same amount of money: $1 (one dollar).