I am a goal oriented person and I am really a loyal supporter of financial knowledge for kids with proper guidance and management. Financial literacy is one of those skills as the current recession clearly demonstrates. Children with a good financial education will have an advantage in life because it will help them make good decisions throughout their lives. Parents don’t need to feel like they have to be a financial experts to help their children learn about managing money. The first step is committing to take action. A person doesn’t have to know all the answers up front.