How to cultivate your son's finance management ability ?

The best way is to give your child a fair allowance.. not a small one.. and at the same time be firm with the responsibility he carries with his allowance.. this is how it goes.. you start with an amount a week that is enough to manage candies.. let say 10$ a week.. (don't you spend more than that for the candies he costs you?) he then should know that these 10$ are for the whole week and will not be replaced.. and nothing more will be given.. of course any child with 10$ will spend them in a day.. your role as a parent is to be firm, for the whole week.. no candies and no exceptions.. don't say OK here are 5$ but be careful next time, or here are candies but yadayada... when he learns.. then youy go to the next step.. 20$ including candies and video games and video movies, and later 30$ including birthday gifts etc... it is only when he miss a friend birthday that he will rememeber not to be impulsive, and to manage wisely.... wheh he will be a young man he will be able to understand from previous mismanagement how to handle more and give every area its due, without being impulsive.. but if mom and dad are here to always provide they will never learn until they are married and their spouse say your parents spoiled you...

Oh, I think my children got their financial intelligence from their mother, talking to them about how to be financially intelligent, is like talking to a "rock"! Although out of 7 children, I have 3 that were born with a natural trait at being good with finances!

Children learn by example. If you are good with handling money you will teach them to do the same. If you are bad with finances are in debt, don't pay bills on time this is the example they will learn. You yourself need to be responsible with money in order to teach your kids how to do it.