Teach your kids to be aware of the needs of others living around him. So they percataran of the tremendous power that gives them the money to bring joy to other lives. After 12 years with the older children must find more creative methods to get your attention. In our case, when our teenage children not wanted us to hear, apart from praying for them, trying in adapt what we wanted them to teach their reality. For example, if their children want to buy something, recharge their cell phones, or rent a movie and ask for money, can put it limits (just pay them a movie a month, or gives them X money by recharging your cell phones). You can then encourage them to find other ways to earn money that lack them.
Their eldest sons have to realize that they can earn money to pay for their expenses. Once you have understood this, you can pass to the next stage: the invest their income to create passive income sources. Parents can teach them to invest in mutual funds instead of simply opening a savings with a negligible interest rate account. They will listen if they have sweated drop fat gaining their own bucks! For example, our son began studying the stock market as well. He earned money cutting grass and we explain that, if I knew how to invest your money, I would be able to generate the same money of 10 cuts of grass in a day by investing in actions. That made sense to him and today is diligently studying the stock market. Another thing parents can do is put at a level you one-on-one with their children and share financial mistakes that have been made.
It is also important to know which are the good decisions have been taken and what has it meant for his family life. In the adolescent stage of children, it is often better to leave aside the role of driver father and adopt a more humble attitude towards them, demonstrating that one is as human as anyone else. It is the right time talk about the mistakes that have been committed in the past, apologize if necessary and tell them that you love them and want to not suffer the consequences of not having a solid financial education.