Teach financial literacy to your children at every age as it is very important for their future. If you have taught him at an early age, you are preparing him for a strong and secure life ahead. Get involved in your child's money education by teaching them financial literacy lessons. Start identifying coins and bills when they are small and as they get older, talk about bigger things like banks, credit and job planning. The idea is to help them learn to handle money on their own like budgeting, saving, and making smart choices.