As kids start a new school year, they typically gain some independence — and it’s a great time to help them build money confidence. Before your kids return to school, consider having these five money conversations. How Do You Teach Kids to Save Money? Scammers may reach out to kids through texts, social media, and gaming platforms, hoping to gather parents’ financial information or use kids’ information to open credit cards or take out loans. Teach kids to watch out for common signs of a scam, such as:Messages or texts from strangers.