How These 10 Money Hacks Can Transform Your Child's Future

As parents, we know that financial literacy for kids is critical.  But how do we get started? Which topics should we teach, and when?  We answer these questions by sharing 10 ways to build good money habits in your kids.

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

What Is Financial Literacy?

It means knowing how to:  1. Save money  2. Invest  3. Avoid debt  4. Save and plan       for retirement

These concepts may be 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. 

Here are ten ways you can start building good money habits in your kids today!

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.

Model Good Money Habits

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.

Teach Your Kids How To Save

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

Teach Your Kids the Basics of Investing

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

Help Your Kids Start Investing

You can weave in financial literacy lessons by showing them how you spend less on the things you need to buy.

Go Shopping Together

Through delayed gratification, kids learn to develop a long-term mindset, make thoughtful money decisions and avoid impulse spending.

Encourage Delayed Gratification

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