Financial literacy starts at home, and it’s one of the greatest gifts you can give your children.
Stage 1: Early Childhood (Ages 4–7)
Introduce the concept of money through play. Use jars labeled “Save,” “Spend,” and “Give” to help them divide allowance or gift money.
Stage 2: Middle Childhood (Ages 8–12)
Teach them how to budget for small goals, like buying a toy. Show them the value of earning money through chores or small jobs.
Stage 3: Teen Years (Ages 13–18)
Encourage part-time work and teach them about taxes, banking, and basic investing. Help them open a savings account and set short- and long-term goals.
Stage 4: Young Adulthood
Discuss credit, debt, and responsible borrowing. Emphasize living within their means from day one.
Lead by Example
Kids absorb more from watching you than from lectures. Demonstrate good habits like saving regularly and avoiding impulse purchases.
Bottom Line:
Teaching kids the value of a dollar prepares them to be responsible, independent adults who can thrive without financial handouts.
