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How to teach your kids about money

Pieces and play money from the Monopoly board game
Pieces and play money from the Monopoly board game
Christopher Furlong/Getty Images

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So you’re on vacation in Hawaii with your eight-year-old son, and he turns you to and asks, “Daddy how much is this vacation costing? Can we afford this?” And then there are those nagging questions about how much you make and how much your house costs. You want your child to learn the value of money, how to manage it, and how to save and spend wisely, but how do you teach those lessons? Personal finance columnist Kathy Kristoff joins David Lazarus to talk about teaching kids about money.


Kathy Kristoff, Personal Finance Columnist for the Los Angeles Times