How do you teach children about finance?

I am conflicted between issuing more allowance for children to cultivate habit of savings and having them spend unnecessarily.

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Thanks for this topic! It is very important to teach children about finance from the early years. Financial education is important for everyone, and here you can find more tips and thoughts on this topic: https://techbullion.com/5-reasons-why-financial-education-is-important-for-everyone/ Nowadays there are a lot of books about finances for children. For example, check these: https://www.investopedia.com/best-finance-books-for-children-5095583

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