Parenting Hack #5: Training Them to Handle Money

How to make your children more financially literate than most adults.

See all the other posts in the Parenting Hacks series.

Money isn’t the most important thing in the world, but it will become your children's biggest snare if they don't know how to handle it properly. If you want to leave a lasting legacy, your children must know how to handle money. If you're going to leave them an inheritance of any significant size (and you do), you want to equip them to carry the weight.

Money is a double-edged sword. Don't hand them an effective but dangerous weapon before training them in its use.

Here are five steps to train your children to handle money, from toddler to teenager.