Parents, you want the best for your kids.

That means talking to kids about money at a young age and teaching them how to manage it properly.

You dont want your kids to reach adulthood oblivious to how to earn and save money.

Cody, Callie, and Lexie Sickle pose for a portrait with their money jars at their Tampa home on April 18, 2019.

Earning, spending and saving are the three main components of budgeting.

Heres how to help your children grasp those concepts.

Can You Survive 10 Days of Budgeting?

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If you gotta wrangle your budget, it may be time to consider a savings challenge.

Its important that kids understand how to earn a buck.

Treat Allowance as a Lesson in Having a Job

Allowance can be a touchy subject for parents.

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Some dont believe in rewarding kids for work they ought to do as members of the household.

Others just dont have the funds to give money for chores.

But an allowance can help children make the connection that money is given in exchange for work.

It doesnt have to be a lot.

Lean into their interests and use them as a way to inspire your kids to become entrepreneurs.

Your children dont have to turn their entrepreneurial pursuits into million-dollar businesses.

Maybe they just rake leaves for neighbors or tutor other students to earn some spending money.

Retail, food service and theme parks are employers that often hire teenage workers.

But raising kids pretty much guarantees youll have to tackle an awkward conversation or two.

Itll help establish an idea of the kind of lifestyle theyll be able to afford in the future.

That means teaching your kids not to grab everything they like in the store.

Differentiate Needs From Wants.

Recognizing the difference between needs and wants is something even adults struggle with.

During back-to-school season, share how getting notebooks and pencils is a priority over locker decor.

Instead suggest ways your children can get more bang for their buck.

Point out prices in the toy aisle.

Go over sales catalogues, and introduce the concept of couponing.

As your little ones grow, get them a wallet or purse to hold their money.

Place them in charge of buying lunch at school rather than adding money to their account online.

There are even ways to include your kids in the cashless economy.

Companies likeFamZoo,GreenLightandBusyKidoffer kid-friendly debit cards.

Impart Lessons About Generosity

Spending is not limited to buying things for yourself.

Giving teaches children to think beyond themselves and to develop a philanthropic spirit.

Drowning in Expenses?

Maybe youre scrambling after your car broke down.

Or you got a medical bill you werent expecting.

Or inflation has finally pushed your budget over the edge.

You dont need to go it alone.

When money is tight,these resourcescan help you manage unexpected expenses without stress.

Teach Your Kids to Save for the Future

Kids dont want to wait for what they want.

They want it now.

Help them learn to fight the instant gratification urge and save their money.

Make a Game of Saving.

Take a visual approach to tracking savings.

Have your kid draw something that represents what shes saving for like a music note for concert tickets.

Each time she saves money, have her shade in a portion of the image.

you could also create a game out of finding coupons or deals.

Reward your kids with a portion of the savings they discovered.

Discuss how their money can grow with interest by keeping it in the account.

Talk About College Early

College is one of the most expensive costs youll face as a parent.

You have about 18 years to save up.

It may also open up conversations about alternatives to the ultra-expensive private universities on your kids top school-choice list.

Some parents have their kids contribute to the cost of college.

Several kids museums across the country have exhibits geared toward shopping or banking.

Older kids might pick up a financial lesson from board games like The Game of Life or Monopoly.

This list ofmoney-themed presents for kidsmake for good gift ideas all year round.

The Federal Trade Commission has variousvideos and online games.

Getting your children involved in a finance-focused organization likeJunior Achievementis another way to make learning about money interesting.

Need a Hand With Bills?

Listen, we know its tough out there.

But theres no shame in asking for help.

These companiesmake it easy to help yourself and your bank account.

Shes a parent who plans to teach her daughter all the things she didnt learn about money growing up.