The best time to start giving your children money is when they will no longer eat it. Basically, when they don't put it in their mouths, they can start putting it in their bank.

Our goal as a parent is to give life to our children's learning--to instruct, to teach, to help them develop self-discipline--an ordering of the self from the inside, not imposition from the outside. Any technique that does not give life to a child's learning and leave a child's dignity intact cannot be called discipline--it is punishment, no matter what language it is clothed in.

Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it.

If we parents accept that problems are an essential part of life's challenges, rather than reacting to every problem as if something has gone wrong with the universe that's supposed to be perfect, we can demonstrate serenity and confidence in problem solving for our kids.By telling them that we know they have a problem and we know they can solve it, we can pass on a realistic attitude as well as empower our children with self-confidence and a sense of their own worth.

If you can't solve it, it's not a problem - it's reality.

The greatest part of each day, each year, each lifetime is made up of small, seemingly insignificant moments. Those moments may becooking dinner...relaxing on the porch with your own thoughts after the kids are in bed, playing catch with a child before dinner, speaking out against a distasteful joke, driving to the recycling center with a week's newspapers. But they are not insignificant, especially when these moments are models for kids.

What is important for kids to learn is that no matter how much money they have, earn, win, or inherit, they need to know how to spend it, how to save it, and how to give it to others in need. This is what handling money is about, and this is why we give kids an allowance.