Get a big jar, and each week add dollars to the jar so the kids can see the savings grow.
But only 64 percent said they themselves were taught how to manage money, and just 37 percent said they often talk with their family members about the subject.
Yet helping kids become financially literate is more important than ever before, experts say.
Most of us appreciate the importance of discussing money matters.
Nearly all of the 2014 Stress in America survey respondents (95 percent) said parents should talk to their kids about money.
When they go on to use their own debit and credit cards, they’ll already understand how to track and manage electronic money.
If you’d like help managing financial stress and your family’s financial behaviors, consider talking to an expert.Visit the APA’s Psychologist Locator Serviceedfrqbcbzeyt to find a psychologist in your area.To find the right fit, ask a psychologist if they have experience with financial issues.Experts recommend giving children an allowance as a way for them to become financially literate. That can backfire when kids expect to get paid for everything they do to contribute to the family.Many financial experts recommend getting (or making) a piggy bank that’s divided into sections.Making matters worse, money has become an even more abstract idea.Credit and debit cards have replaced dollars and coins, making it difficult for kids to grasp the concept of paying for goods and services.By focusing on what expenses are important to your family, you will naturally find ways to cut back on items you care less about. Consider making a collage or bulletin board to represent your family’s financial goals.A daily reminder of the vacation you’re saving for or the house you’d like to buy helps both kids and adults keep big-picture goals from getting lost in the day-to-day shuffle. When you decide to save for something as a family — such as a new computer or a trip to a theme park — show kids what saving money actually looks like.Some might worry that their family doesn't have enough money for necessities.But often, they know you’re not being completely honest — technically, you probably could afford that trinket tempting them from the checkout aisle.