If you want to start teaching children about money, then there are two things that you should know. First, it can help set them up for long-term success later in life as adults. Second, because they’re kids, you need to make what you teach them fun. If you think back on your own life, then you probably have a few financial mistakes under your belt that you don’t like remembering or thinking about. Teaching your kids about money can help them avoid repeating their own errors or bad decisions. For that matter, you can help yourself to some degree. If your kids turn into financially savvy adults, they won’t be as likely to ask you for any money. They might establish their financial independence sooner rather than later.