1. Share the story of money in everyday life:
2. Point out the ways adults earn money:
3. Build a basic budget:
4. Plan out purchases:
5. Be a smart shopper:
6. Model good use of credit:
7. Stress the habit of savings:
From an early age, teach the importance of setting aside money, whether from earned income or by setting aside a small portion of a child’s birthday or holiday gift, to be used for emergency or a special future purchase. Visit a local bank, credit union or other financial institution for a kid-specific savings option for caregivers to open in their name. Research other kid-specific programs or accounts the financial institution might offer.