When it comes to spending, setting a good example for your kids can be tough.

For many of us it’s a case of – ‘do as I say, not as I do’.

But whether you’re responsible with money or your spending habits could be likened to Carrie Bradshaw in a shoe store, you still have to teach your kids the value of a dollar.

We chatted to Mia Freedman, radio host Brigitte Duclos, fashion editor Penny McCarthy and actor and author Andrew Daddo about how they manage (or in some cases fail) to do it.

How do you teach your kids to value money?

Want more? Try these…

Yes, your spending habits rub off on your kids but here’s how to make that a good thing .

Four parents on what they’ve learned from their kids getting jobs .

The sexiest word in your financial vocabulary…

Disclaimer

These Money Matters videos are intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any viewer and must not be relied upon as financial product or taxation advice. You should consider seeking independent financial advice before making any decision based on this information. Commonwealth Bank of Australia ABN 48 123 123 124.