Article here on Eternal Perspectives Ministries. (H/T Brian Auten of Apologetics 315)

My favorites:

4. Teach your children to link money with labor. Once I mentioned we couldn’t go out for dinner because we didn’t have enough money. My youngest daughter said, “Just go to the money machine and get all you want.” She referred to the Automated Teller Machine. This was a great chance to teach her money doesn’t just magically appear in a machine, but is earned through work—good, hard, and well-done work. Fathers can show our children how to work, to make things, to sell them. We can show how work can be meaningful and fun as well as financially profitable.

A common mistake we dads make is to indiscriminately dole out money to our children as life goes by. This teaches them to think money comes easily or automatically. As a result they disassociate money from work. Eventually they feel it’s their right to have money available even when they haven’t worked for it. This misguided thinking is what puts able-bodied people on welfare rolls. The government fosters the handout mentality, but often it’s learned first in the home, where character is built and lifelong attitudes are forged.

5. Teach your children how to save. Children learn the value of money and the discipline of self-control through saving. We helped our daughters open savings accounts years ago. If your child wants a major item, say a telescope, help him make a plan to save for it over a period of six months. Help him think of jobs to accomplish his goal. If he sticks with it (he may not), buying that telescope won’t be an impulsive decision. And once he gets it, he’s likely to take good care of it.

The same applies to a college education. I know parents who save for their child’s education, while he spends his money irresponsibly. Remember, the quality of anyone’s college education improves dramatically when he has a substantial part in paying for it.

9. Show your children how family finances work. Bring home an entire paycheck in one or ten dollar bills. Or, use play money in an amount corresponding to your paycheck. Put the money in piles to show exactly how much goes to what expenses each month. This way your children can visualize where the family’s money goes.

Some things will surprise the children, and they’ll ask you questions. You’ll probably end up reevaluating and making some healthy changes yourself. (Comparing the amount you give away with the amount you spend on various items may be particularly convicting.) Your children may see things in perspective for the first time. A child who’s told to turn off the lights when he leaves the room, or to shut the front door behind him in the winter, suddenly understands why when he sees the stack of money that goes to pay the electric bill.

The rest are here! I wish we talked more about money in the church. Lord knows they aren’t going to learn anything about how real life works in school.