How Do You Teach Financial Literacy To Your Kids?

A recent article reminds all parents to make an effort to teach their kids how to be financially savvy. In particular, I liked #4 on the list. Here it is:

4. Donating to a charity: Likewise, foster a generous spirit in your children by encouraging them to share a portion of their money with a worthy charity or cause. You can help them find and evaluate charities on sites such as Charity Navigator. Making a donation is also an excellent segue into a discussion on taxes and how charitable donations may enable deductions.

How do you teach financial literacy in your home? And do you talk to your kids about creating a plan for giving back?

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