As parents, we feel responsible for teaching our children the things they ought to know. We want to be sure that our children are fully equipped to live life even when we are not around. One area where we need to consistently tutor our children is in the area of finances. The world is changing rapidly, and raising financially smart children might be a challenge if we don't start early. Teaching our children financial responsibility helps them understand that everyone has duties and responsibilities. Some ways we can teach our children financial responsibility include: Allow them make some money decisions: Letting your children make money decisions early helps them practice their money management skills. Without the opportunity to practice making wise financial decisions early, children won't learn these valuable lessons until much later in life, when they are likely dealing with other significant issues. We should allow our children to make little mistakes and g