3 Ways to Teach Your Kids About Money

What Money Skills Do Your Kids See Reflected In You?

We know that our children learn by what we say and what we do. Teaching our kids how to be responsible with money can be more complex than simply telling them about money and how to use it. Our kids will also watch how we discuss money, how much we use and how it makes us feel.

What Money Skills Are Important For Your Kids to Learn?

Think of what money skills and financial plans you already have—and the ones you want to learn yourself. Those will be the essential skills to pass down to your little ones to help develop their own healthy money mindsets. You don’t have to know all the answers to their questions—just do your best to guide them in the right direction!

Get Your Kids Involved In The Family Finances 

While you don’t have to share every detail of your household’s finances, involving your kids in simple money tasks helps them practice what they learn. From giving them a small, personal spending plan for trips to the grocery store to planning a big entertainment purchase like a PS5, bringing your kids on board to your financial process encourages a healthy money mindset—and gives your kids confidence in their role as a part of the family.