If you want your children to succeed, they must learn to manage money well. Research reveals that parents are the number-one source of kids’ financial education. Kids learn more about money from their parents than from school, media, peers, and work experience combined.

The article “Teaching Your Children about Money” (text or PDF) in the June issue of the Ensign has seven proven principles and practices that will help you teach your kids about money.

The article talks about tithing, hard work, budgeting, choices, banking accounts, and providing kids with financial experiences.