Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
The snow still may be piled high across much of the country, but hardy souls are starting to plan spring and summer vacations.
That means families have an easy opportunity to help their kids become financially savvy, by involving children in planning some of the spending aspects of the getaway.
Vacation planning has special advantages as a vehicle for teaching money smarts, according to Stuart Ritter, a senior financial planner at T. Rowe Price. "Parents can try to engage them in college planning and other things, but vacations are very real, very immediate things that they are interested in," he said.
Another advantage of using vacations to learn about money is that there are ways to involve kids with different levels of financial knowledge, Ritter said. Older children may participate in discussions of why a camping trip makes sense when college savings are important, and younger children can sort out small spending decisions.
"It can be like 'everybody gets $15 to spend on souvenirs,' or 'we can either eat out for dinner or eat out for breakfast and lunch,' " he said.
There should be plenty of leisure travel taking place this year: the Traveler Sentiment Index, published by the U.S. Travel Association and MMGY Global, is almost back to the heights of 2007, and an American Express survey found that 69 percent of Americans planned a summer vacation in 2013, up from 59 percent in 2012.
Laura Levine, president of the Jump$tart Coalition for Personal Financial Literacy, says vacations are a great opportunity to teach kids how to budget—on many levels.
"It's a closed end sort of activity with a definite start and finish," she said, so any less–than–great decisions or choices have limited ramifications.
One way to teach budgeting through travel, Levine says, is to get the entire family involved in the trip planning—deciding how elaborate a trip will be, and what that will mean for other things like college savings or holiday gifts.
Laura Landa and her family faced just such a decision last year. "We agreed as a family to have a 'smaller' Christmas this past year so that we could go to San Francisco to see the 49ers play their final home game at Candlestick Park," recalled Landa, who lives in Claremont, Calif. "The game was incredible and both kids said that they will never ever forget the excitement of that game or the fact that they were there."
Landa added that when they talk about what makes their family special, the kids often point to their vacations, partly because everyone helps shape them.
Levine says parents can also boost their kids' financial literacy by giving them some vacation money, and the freedom to decide what to do with it. On a vacation, kids can make money mistakes and the effects are not catastrophic.
"If they blow it all the first day, you can let them suffer a little bit," and have a conversation about other choices they could have made, Levine said. But "your kids still get to eat and go on the activities."
Whatever the money lessons being imparted, Levine says the important thing is for parents to stick to their guns. If a child fritters away a travel allowance, parents should avoid simply refilling their pockets. And if a child doesn't meet an agreed–upon financial goal, there should be consequences.
(Read more: Hidden costs of vacation)
Tracie Shroyer, a mother in Lino Lakes, Minn., faced this challenge with her three children. They regularly receive large allowances and are responsible for covering many of their major expenses.
One year, Shroyer and her husband told the kids that if they saved up for their plane tickets, the family would take a winter trip to the Southwest. But when the time came to buy the tickets, their daughter had not saved the money.
"We were aghast! This was our huge teachable moment. I mean, we'd worked this all out," Shroyer said in an email. But the parents stuck to their guns, and Shroyer's boys traveled with her while her daughter stayed home with Dad. Shroyer says her daughter is now a phenomenal saver.
Levine says calculating restaurant tips can be another travel teaching tool. It's an easy opportunity for a math lesson, it teaches children about respecting others' work and evaluating the value of what they are buying, and it can provide a nice reality check.
"Kids sometimes don't spend a lot of time looking at the prices on the menu," she said. "If they are figuring the tip, that can be eye-opening for them."
One key point to remember about teaching money smarts around a vacation is to do it in little increments, experts say. Kids are much more likely to retain the information if it is conveyed at a time when it is meaningful to them.
"If you do it in bite-sized chunks, it's easier for you to have the conversation and for them to engage in the decision-making," Ritter said. "Like most other things, it's not one big talk that we wait until they're 17 and we sit them down for the eye rolls in the living room."
—By CNBC's Kelley Holland. Follow her on Twitter