Holiday spending can help teach children about money

During this holiday season, you’ll likely be spending money, in various amounts and in various ways. And you can use this experience to teach your children about money management.

Here are a few ideas for doing just that:

• Stick to a budget. Tell your children you’ve set aside a certain amount of money for gifts and holiday events, such as hosting parties, and that you won’t exceed it. And if you have saved money throughout the year in a special holiday fund, let your kids know about that, too. This information should help impress upon them the importance of sticking with a budget and saving...