Teaching life skills to children helps get their life back on track and assists them in living a successful independent life. There are a variety of things they need to learn, including financial literacy, nutrition and health maintenance, stress management, and the like, to make sure that they fit in to the society. Financial literacy: Financial literacy is essentially the ability to make use of skills and knowledge that help take informed and effective money management decisions. Developing such skills and becoming economically literate is a lifelong process that starts with putting a few cents in the piggy bank, and progresses to more advanced subjects like asset and risk allocation. It is important to teach your children financial skills and attitudes that can help them succeed. Make use of interesting activities that emphasize on the importance of money management, earning, decision making, and work ethics. For instance, children should be made to play board gam