The 15 Best Ways to Teach Your Kids About Money

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3. How Much to Spend

Teach kids to spend money by giving them a portion of their allowance that’s all their own. Set limits on how much is enough to spend on items like toys, games, movies, books and other things they enjoy, so they don’t go overboard. But if taking your kids to the store with a pocketful of their own money scares you, this next money-practicing tip might be a little less frightening.