Teaching Finance to Kids

As many of us know, education is a key, if not the key to achieving financial freedom; and the earlier someone begins the process of learning about various personal finance concepts, practices and philosophies, the better. As we wind down National Financial Literacy Month here in the United States, we can’t forget about the kids when we think about improving financial awareness.

The following infographic, How to Teach Finance to Kids, was created by, and is provided courtesy of, Fat Wallet

How to Teach Finance to Kids

Blogger-in-Chief here at RetirementSavvy and author of Sin City Greed, Cream City Hustle and RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.

4 Comments

  1. Love it!

    One thing that I find kind of funny is that once, I went to a supply store that sold plants with my mother. They had a plant called a money tree. We ended up buying it for good luck (financially).

    Of course, money doesn’t grow on trees. And she wasn’t trying to buy me a plant to teach me that money goes on trees.

    But once that tree died, I learned that it takes a lot more than planting a few seeds to earn some cash.

  2. Thx for the infograph. It confirms some thoughts we already had and brings some new ideas. Or oldest turns 6 this year. We plan to start a little more formal financial education.
    Learning to choose between things is sure something they need to know.

    And they know why we go to work: to pay for the ski holiday!

  3. Nice info-graphic! Kids always want it all (I myself was guilty of this) but these tips can make it fun and educational for them. I grew up hearing money does not grow on trees basically every time I wanted something I did not need. Having a savings chart is a great idea to show them how much money they have and where they need to be in order to achieve their goals.
    One other way I think it can make savings fun for them is to do a match program (which I am talking about in my upcoming article). Basically match their contributions to their account when they are younger to encourage savings, who doesn’t like “free” money.

    • Indeed. It covers a lot of salient practices. Thanks for stopping by, my friend.

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