The example you set, the lessons you teach, and the work and budgeting that you do as a family will all have a lasting effect on the future decisions of your children. Make a goal today to involve your children in your financial decision making and budgeting process; model good money management; and take the time to teach them about money.
Teach family members the principles of financial management. Involve them in creating a budget and setting family financial goals. Teach the principles of hard work, frugality, and saving. Stress the importance of obtaining as much education as possible. Abundant resources are available—from classes, to books, to other resources such as One for the Money: Guide to Family Finance. (All Is Safely Gathered In: Family Finances)