How to make your child financially clever?

We often want our kids to become financially independent in their lives once they start to make a living ,so why not start giving them some training in the childhood itself? To get the answers, read on.

Get your child involved:
To begin with, get your child involved in money matters of your home. Whenever you are discussing your home budget or investments, savings or expenses -- include your child. This will make your child aware of how you make ends meet.
Open a bank account for your child:
You can have a joint bank account with your child. Let your child manage the bank account. Encourage your child to deposit a part of his pocket money into his bank account.
Developing the habit of organization:
It is important that a child understands the importance of saving his money. So, when you ask your child to save a part of his income, you must also educate him as to why he should save.
Savings:
The next step is to help your child invest his / her savings: Educate your child about growing their money by investing.

Source: Rediff