It is amusing to note the kind of views kids have on money. I know of a little one who thinks she can solve world poverty by simply getting an ATM at home. Smart girl! Life is magical when you are still discovering the world and forming your ideas. While I hate to break the spell, it is important to gradually unravel the science behind this magic. Unlike natural sciences like the law of gravity which kids test on their own (by throwing your shoes and watches out of the window), money facts are not something that will get ingrained into their minds naturally. It has to be understood systematically with deliberate efforts. As your child observes the economic activities happening around and develops their views, it is important to get a few facts established well in their mind as a means to build the right foundation: 1. Money is a means of exchange This is a simple fact that kids understand quickly with little effort from your end. At some point they refrain from grabbing the att