The process of money management should be taught as soon as the child becomes aware of money, usually as early as ages 3 or 4. At this level, teaching may be in the form of explaining the difference between the value of a nickel and a dime. Money management training often begins with the allocation of an allowance. Parents are advised not to link allowances with household chores. Regardless of the rationale for distributing allowances, training in the handling of money is imperative. It is suggested that beginning money management be taught by playing store, by using shopping lists, choice making, and other games. Other factors to consider in relation to age of the child are frequency of payments and raises in the size of allowances. Once the child has learned the concepts related to money management, the natural transition may be to learn about banking and how to obtain credit. Parents should try to keep the learning experience in perspective and remember that mistakes will be made. Comer(1985) says that parents are best able to teach good money management habits when they provide good models for imitation. (BZ)