(CNN) - To make sure kids have a chance at financially healthy lives, experts recommend that you get creative when having conversations about these critical concepts.
First, saving money.
According to experts, if children can experience what that looks like and feels like they'll never forget it.
Financial coach Alok Deshpande says get children to appreciate deals and challenge them to make their dollar go further.
Second, making money.
Experts say one way to teach children how to generate cash independently, is to get their help selling stuff online.
Let them take the pictures, let them put it up online. Let them do the research to set the price, and then give them 30 percent.
Third, compound interest.
Experts recommend you help kids experience it by giving them $50 and then paying them interest.
Fourth, talk to older teens about paying for college, student loans and credit cards.
Experts say that is a really great time when the kids are listening. They're engaged, they're in tuned because it's about their life. It's not about a parent nagging.
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