Teaching money management skills is not a requirement in any school or college. Even though some institutions have begun to make efforts to include a lesson or class on the matter, the reality is that the responsibility rests on parents to educate their children on financial matters and shape their financial futures. This can be a daunting task, but financial discipline is one of the most valuable lessons parents can instill on their children. Educating your children on financial prudence early in life will help prepare them to take thoughtful ownership of their finances when the time comes.

Here are five ways to teach your children, no matter what age they are, financial responsibility and the value of such expertise.

You see them all over the place – seemingly random letters and symbols following your advisor’s name, in their email signature, on their business cards, and across their website. But what do those letters even mean, how does someone earn them, and are there any that are more important than others?