An unhealthy relationship with money often stems. It is important to educate children to have a good money ethicand teach them useful money skills.

What to Teach Your Children About Money:

• One must be responsible with money. One must not waste it. One must appreciate the value of a dollar. One must learn to save even small amounts - they build into big amounts.

• One must work for money. Money doesn't come to those who are lazy - it has to be earned. If you see money as a gift, if you don't work to earn it, you become spoiled and corrupt.

• Being responsible with money doesn't mean being cheap. Cheapness is as big a vice as being a spendthrift. You have to be generous with your heart and your pocket when it comes to worthy people and worthy causes.

• A percentage of your money must go to charity. It is recommended to give 10 percent of your money to charity. It should be put in a separate account, and you should be meticulous in how much you decide to give.

How to Make Your Children Better with Money:

• Give your children a weekly allowance. If you give your child $20 a week, you should tell them to save $8, spend $10 on things you approve of and give $2 to charity.

• Get them a savings account. Take them to the bank and set up a savings account in their name.

• Set up a charity account. You should discuss various charities with your children and let them decide where they want to give so they can learn to be generous.

• Don't let them waste money. If your child wastes his money on garbage. You should stop giving him his allowance for a few weeks.

• Be a good fiscal role model. Don't live for shopping. Also, give to charity with your children's knowledge. Be generous on things that really matter, like hospitality and giving your family a comfortable standard of living.

• Give your children jobs. Pay them for jobs like mowing the lawn or babysitting so they can earn money for nonessentials. They usually will protect that money and appreciate it because they had earned it themselves."