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Slightly OT but relevant to teaching kids. My youngest is in yr 9 and doing a business/finance subject at school where they were given the following situation to advise on by pretending to be a financial advisor. mr and mrs x have 2 kids, their own home (paid out I think), a rental (neutral...

LOL pablo! my girls would NEVER resort to rags...the boy, well he is a boy, probably wouldn't care. Luckt his aunts always buy him clothes for Christmas!;)

I found mine weren't ever really interested in the books and the more I pushed them to read the less they read! That is why I prefer practical application over books. We openly discuss all aspects of our finances with our kids in a general sense. If they inquire more deeply then we explain more...

Hi Housekeeper, In our house we are big on learning to budget first as we believe that being able to manage money will always put you ahead of the pack. With ours we started with mobile phones on a very tight budget. She got $20 per week at age 13. This had to cover her mobile phone (which...