Thank goodness all mine have jobs because I am terrible at remembering and never have cash, and then it's all you didn't pay me last week!
As far as budgeting and saving goes, I'm finding no connections other than the nature of the child. DD2 is an amazing saver, but I do see anxiety and hesitation around spending. Little who is 9 is a good saver, and incredibly generous. One day on the subway he gave a $2 coin ( we have those in Canada) to a busker, and another time he said he wished he could give a homeless person a dollar, but only had a five dollar bill and was so grateful when I found a dollar. He has money in the bank and is allowed to spend money on whatever he wants, and saving is completely optional. I'm not sure i believe the 'you get $20 and have to save X and donate X and the rest is yours' i know that whole Barbara Collaraso philosophy, i just don't think it teaches kids to be generous or savers. Free choice and leading by example I beleive teaches.
DS 1 who is 13 has a harder time, money burns a hole in his pocket, his wants outstrip his means regularly, but, that said, if obsessive art supply shopping is what he wants, I'm not complaining.
The thing about money management is you have to have money to manage, and scarcity doesn't necessarily teach budgeting, again nature of the child, some kids just want/need more than others.
Great conversation though thanks thread starter.
Anna, mom to 4 great kids, homeschooling in Toronto.