The idea that money goes on tree is a false idea. What is true is that money surely does not grow on trees and it does have to be earned to be useful to people. Many children grow up not knowing the value of the dollar. That is a shame. Because when they become adults, those people tend to have more money problems than others. All parents should be teaching children about money.
Are there good reasons to teach kids about money early in their lives? There really are. Many young children don't really know the value of money, but when they do they want to have some just like mommy and daddy. Once the value of money is learned, then it is a good idea to teach children that if it is not taken care of, then it can be gone very fast. Just take a look of the world economy.
There are always those families that have more than their share of money and have no problem just giving their children anything they need, and that includes a darn good allowance of money. Sometimes it appears that the money they give is limitless. That is not how the world works, and that is really less than half of one percent of the world. Those people don't know how to handle money on their own.
It is such a good idea for parents to teach their children to be tight with their money in these economic times. Those that are able to put some money back for a rainy day are going to be much better off than those that don't. Saving money is so important for personal growth.
It is very smart to teach children while they are young. This is the age when they are very impressionable and will listen more eagerly to their parents than while they become older. If you wait until they are older they will simply listen for a moment, and then let go out the other ear.
Untaught children are irresponsible with their money. All parents should be teaching their children about money.