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Easy money

Teach your kids what cash can (and can't) buy, and help them grow into fiscally responsible adults. By Molly Lyons, Photographs by Charlotte Jenks for Jeff Harris studio

Styling by Amit Gajwani; hair and makeup by Rita Madison for Perrella Management. Models: (left) Francesca Melisi/Product Models; (right) Gigi Caballero/CESD. On Francesca: yellow-striped shirt, available at Old Navy; pleated pink skirt and floral headband, both by Mini Boden, available at bodenusa.com. on Gigi: short-sleeve monkey shirt, available at Cuddle Farm; coral button-up hoodie and green skirt, both available at Gapkids.

In a city where Fresh Direct deliveries, dry cleaning and Amazon boxes show up at your door as if by magic, and where extreme wealth shares the sidewalk with severe poverty, it’s natural for parents to worry that they might be giving their kids a deeply screwed-up sense of money. Time Out Kids spoke to parents and pros to find out how you can help your offspring understand and appreciate the value of your family’s bottom line, and raise them to be financially adept later in life.

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February 15, 2008
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