them up with their own personal savings and chebbing account to set them up for college, when they are most at risk for financial trouble. that s when you get the pre-approved credit offers. you went to business school, so it s easy for you. but if have you little kids. i had a cash register, toy, right? can you teach them about the monetary part of it, but what about the responsibility part of it? what other things can you do? that s through importance of a part-timejo job or pegging an allowance to chores. or chores in the neighborhood because then if they do mess up, they know that they are not going to necessarily get a bailout from mom and dad. i think pegging jobs and chores to money is the way to get them to realize the value of a dollar. should you pay for grades? controversial. i mean, look, as a parent, you need to make that call.