Some parents do not recognize the responsibility of teaching their kids about money. One reason why they have this kind of thinking is because of the fact that kids are too young and too innocent for this kind of serious matter.
However, teaching your kids about budgeting, saving money, and limiting spending is the first step towards teaching them to become a responsible person in the near future. Giving them a glimpse of reality helps them to understand things clearly thus, they are able to use it properly.
One good training that you can give to your kid when it comes to teaching them about money is by giving them allowances. Letting them manage their own money somehow gives them the ability to budget themselves even at a young tender age. Once they begin to understand the concept of saving and budgeting their money, you can introduce them to banking and how money works.
By giving them this kind of training there will be a high possibility that they will grow practical and become smart in budgeting. Since talking about this kind of stuffs with kids can be very boring, you might as well try other forms activities where in they are going to have fun and the same time learn more about it.