Money (and love) make the world go round! It's vital we teach our children how to be money-wise, so they can use their assets to make the world a better place (yes even at age 5)!

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What parent hasn't heard that question?  Maybe the amount being requested was higher or lower?  Maybe you were asked for specific toys, clothes or the latest electronic gadget.  We've all been there or will be there if you're a new parent. There was a time I would get confused about how to handle those money questions.  I didn't seem to have a consistent response because I wasn't sure what I thought about teaching my kids about money.  Yet it's one of the most important things we can teach our kids.

Read more: Mom, Can I Have $5?