10 Effective Ways To Build Good Money Habits for Kids

As parents, we know that financial literacy for kids is critical. But how do we get started? Which topics should we teach, and when?

Financial literacy means having the knowledge and skills to manage your money successfully and confidently.

What Is Financial Literacy?

Model Good Money Habits

Children constantly observe and learn from people and the world around them. Therefore, one of the best ways to instill financial literacy in kids is to model good money habits.


Teach Your Kids How To Save

One of the most basic money skills kids can learn is how to save money. For the youngest of kids, it works best to do this in a tangible, tactile way. A fun way to do that would be to pick out a piggy bank together, then deposit money they earn, find, or receive.


Teach Your Kids the Basics of Investing

Kids can start learning the basics of investing from a surprisingly young age.


Help Your Kids Start Investing

You can get them started with an investment account much earlier—perhaps as soon as they have some extra birthday or holiday money.


Go Shopping Together

One of the best ways to do that is to take them shopping with you. You can then weave in financial literacy lessons by showing them how you spend less on the things you need to buy.


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