09/04/2012 10:35 am ET Updated Dec 06, 2017

At What Age Should A Kid Get An Allowance? From Trae Bodge (VIDEO)

When is the best time to start teaching kids about finances? Trae Bodge, Senior Writer for The RetailMeNot Insider, advised that parents should start teaching their kids about money early on. She shared tips on teaching money management to children, and explained why it's so important to do so when she joined me on Mondays With Marlo.

And if you're looking for more advice on shopping smart, check out Trae's essential tips:

Smart Shopping Tips From Trae Bodge

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