10 Ways To Inspire Your Kids To Build Good Money Habits

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

These concepts are big and complex and 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.

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

Now that we’ve defined financial literacy, it’s time to get into the tips. Here are ten ways you can start building good money habits in your kids today: 

Model Good Money Habits

Over time, your daily modeling of good money habits will lead to your kids internalizing these crucial skills.

Teach Your Kids How To Save

Young kids might enjoy starting with a classic ceramic piggy bank. 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.

Teach Your Kids the Basics of Investing

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

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