Take Control of Your Money

Talk to Your Children About Money

While it may not be age-appropriate to talk to young children about how much money you make every year and how much debt you have, Suze says it is important to keep your children informed about how much it costs to run a household. She says you should share with your children how much your mortgage payment, car payment and groceries cost every month and let them help you mail bills and clip coupons. "The kids [then] have a concept that money is real," she says.