There is no denying the fact that money plays a crucial role in our lives. Children are too young to fully understand the value of money or their significance in our lives. However, it still makes sense for parents to make them money wise from an early age.Habits learned during childhood will stay with them for the rest of their lives. So, if parents can teach children how important it is for them to use their money wisely, they will become responsible spenders as they grow up.