03/28/2011 at 01:00 AM EDT
It's never too early to start educating your kids about money, says financial guru Suze Orman, especially in today's tough times. Her thoughts on what to teach when:
FOR 6-YEAR-OLDS: They don't get an allowance just because they were born; they need to work for it.
FOR TWEENS: When you pay your bills, the kids should be at the table with you.
FOR TEENS: Have a conversation about what you can afford for college. Finances should be a family affair.