If you are good at managing your finances, then you should lead your child by example. Maybe what you can do is you can start by not giving extra money if your child finishes her/his pocket money for the day? Then they will learn the importance of saving up and not to splurge anyhow they want.

As a child, I loved games, and I think that we underestimate the educational benefits of games as adults. I used to play Lemonade Stand for hours on the computer and really got into the process of ordering, marketing and distribution through that game. I also loved puzzles and card games which has been invaluable for problem solving as an adult. As a teacher of mathematics I used games like Yahtzee and variations of Bingo to get kids to do multiplication and addition. And getting kids to develop their own games was a great exercise for learning compound interest and taxation.

I agree that we need more resources to teach kids about money. It frustrated me that there were only limited units on this in Mathematics and only for select kids. For that reason I am writing a series of books to help students learn about personal finance and to give parents something to refer to that is written for teens.

You can see more suggestions on my blog and access my books here: http://michellecroner.blogspot.com.au/p/my-books.html

Teaching kids about financial stuffs right from their school time is essentially crucial as they will learn the value of money and manage their time between studies and making money well. These kids can learn multitasking fast and make better people as they grow up, becoming independent adults