10 Effective Ways To Build Good Money Habits

These concepts are big and complex and maybe too much for kids to understand all at once. That’s why it’s so important to start teaching financial literacy from a young age.

Early financial literacy gives your kids as much time as possible to learn and internalize the skills you’d like to impart to them.

It means, first of all, smashing the taboo of talking about money. Instead, show your kids how you save, spend, invest, track, budget, and so on.

Model Good Money Habits


Talk openly and often about your finances, using the ideas in this post as starting points.

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 How To Save


It’s fun for them to drop coins in the slot, hear the sound of the coins dropping in, then pick up the piggy bank to feel how full it’s getting.

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


Teach Your Kids the Basics of Investing

- Point out public companies they’re familiar with (e.g., Disney, Mattel, Apple).

Basic Concepts (4–8 years old)

- Explain what an index is and the main indexes they’ll use when investing.

Intermediate Concepts (9–13 years old)

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