What questions come up in your family about money?

When our kids were young, my husband and I agreed we wanted to teach our kids about money, saving, investing, and planning for their futures.

A Scout merit badge helped us educate our sons during a summer trip to Yosemite. But that was one conversation, and we all know that to learn and really comprehend something you have to either hear it over and over, or experience it for yourself.

My youngest is starting to think about work and what he might due to earn money while he’s still in high school. After talking about places he might like to work, the conversation turned to how frequently you get paid. That started a conversation we haven’t had in a while. Our oldest is an hourly worker and gets paid weekly. My husband and I have different pay schedules (bi-weekly and monthly). The kids were very interested in the salaried jobs (you get the same amount of money whether you work 40 hours or 60?!?), and overtime (they like the thought of more $$$). It was an unexpected conversation but a good and needed one. Knowledge is power, right?

How are you teaching your child about earning, saving, and planning for their future?