When teaching your children about money, use common sense rules that most people know, but don't always practice. Basic thoughts, like "Money is neither good nor evil, Money is not a goal, Money will not make you happy, and Don't be jealous of other people's money" are sayings you have probably heard before.

Other ideas like, "If you are in the position to help others, do it, Companies want your money, Pay attention to your money, Don't expect a free lunch, Save as much as you can, and Avoid Borrowing Money" round out the ten rules. As a bonus, Money isn't everything is part of the philosophy. This way of thinking is to budget, don't buy everything you see on commercials, only borrow for things like student loans or home mortgages, and don't focus on money as a fix-all is what the lessons are.

This way of thinking makes finance fairly simplistic, but many people want things they don't need and get into high interest credit card debt to get them. Going back to a simpler way of life where money isn't the central focus is the premise of this, "don't worry, be happy" common sense advice.

Here's a great starting point for teaching your children about money.