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Teaching Your Kids About Money Children aren’t born with an understanding of how money works; all parents learn that one quickly. A young child sees the things they want or need just appear from Mommy and Daddy. The fact that Mommy or Daddy gave money to the sales clerk means nothing to them. So how do you teach your kids about money? You have to consider your child’s age first. My daughter, for example, is three, going on four. Right now she knows the names of the various coins, but the difference in v...