📝
3-12 years
3 minutes
0
Age to talk about money? Your kids are already doing it!
Many parents wonder when is the ideal time to talk about finances. The truth is, your children are already learning about money. We'll show you how to leverage it.
Many parents wonder when is the ideal time to talk about finances. The truth is, your children are already learning about money. We'll show you how to leverage it.
How to do it
1
Observe your child's interest in money and use it as a starting point.
2
Incorporate simple conversations about money into daily activities, like shopping.
3
Assign responsibilities and an 'allowance' if age-appropriate, explaining its purpose.
4
Encourage your children to set small, achievable savings goals.
5
Use fun games or tools to make financial learning more engaging.
What they are learning
Skill
Recognizes opportunities to teach finances in daily life
Knowledge
Understands the importance of talking about money from an early age
Attitude
Develops confidence to address the topic of money with their children
Guiding phrase
"The best age to talk about money is any age! Just keep it simple and fun."
Most common error
Many parents believe money is an adult topic and avoid discussing it with their children until they are older, missing valuable learning opportunities.
Keep practicing
The Spending Stoplight— an easy guide for kids (and parents)!
3 minutes · 7-10 years
The Magic Supermarket: Price Detectives and the Art of Saving
3 minutes · 7-10 years
The Goal Race — Saving Money is More Fun When It's a Game
4 minutes · 7-10 years
Back to blog
