This April file photo shows a Monopoly game in Portland, Ore. While you're playing with your children, they're learning about spending, budgeting, and saving money. (Rick Bowmer/AP/File)
Ages 8-10: Show them how money works
At this age, kids are typically able to understand more sophisticated forms of money and financial savvy.
A play checkbook is a great and fun way for children to learn how a checkbook is used, and how to use it.
Board games that teach children about spending, budgeting, and saving money also are a fun way for families to spend time together, such as Monopoly, Life, Pay Day, and Money Bags.