Do You Teach Finance to Your Kids

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My parents made a mistake by not teaching about money to their kids but I am trying to teach my kid about money. I tell him I need to work hard to make money and money should be used in something better. Therefore, whenever he wants something, he always asks me do you have money, can you buy it for me. I am so proud of my kid. Do you have kids, do you teach money to your kid.
 
I don't have kids yet but if I do, I would surely teach them how to manage their finances from say 7 years old.
 
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