Kids and Money
Most kids don't learn about money and finances from classes they take in school. This type of lesson needs to be taught at home. Children should learn about money at an early age. How do you teach your kids to be financially responsible?
- Let your children make mistakes with their money. Allow them to buy something impulsively. When it comes time to buy something they really want they may learn the importance of patience and saving.
- Kids love to get mail. A savings account statement with their name and an account value is a great motivator to save!
- As early as five or six years old you can begin to include your children in family discussions on budgeting, saving and spending.
The information on this page is for educational purposes only. SCCU is not engaged in providing estate planning or other advice. Please consult with a competent estate planning professional regarding any specific estate planning questions.