Money-Savvy Adults Were Taught These Smart Money Lessons as Kids

Teaching children about money management is one of the most important responsibilities you’ll ever have as a parent. It’s a crucial life skill that will benefit them throughout their lives.  Unfortunately, many adults struggle with money management. Obviously, that’s not a great start for teaching kids about handling money properly. 

Combating financial stress is a key lesson to teach your children. With a solid understanding of how to manage money, they can make wise financial decisions and avoid the common financial pitfalls that so many people face. Remember, anything can happen, so make sure to leave your kids with the best knowledge possible.

Why Should I Make Them Worry About The Future?

It’s easy to justify avoiding this conversation. After all, as the breadwinners, you should be holding the burden of financial decisions, not your innocent children. However, not having awareness of the issues that affect their family could lead children to develop skewed priorities.

A lot of children grow up spoiled, and the longer they go without understanding the value of what they have, the more they will struggle into adulthood.  Financial maturity isn’t just a matter of savings, it’s also a matter of emotional growth. By learning to control their money urges, they grow up to be wonderful human beings.

How To Teach Kids Money-Savvy Habits

Here are some of the key ways you can instill good financial habits in your children.

Start Early

It’s never too early to start teaching your children about money management. You can start by giving them an allowance and encouraging them to save a portion of it. By giving your children an allowance, you are teaching them the value of money and how to budget their income.

When giving your children an allowance, it’s important to set clear guidelines about how they can spend it. For example, you can require that they save a portion of their allowance each week, or that they spend it only on things that they need, like school supplies or clothes.

Make it Fun

Learning about money management doesn’t have to be boring. You can make it fun by playing games that teach your children about finances. Games like Monopoly, Life, and The Game of Life can be excellent tools for teaching children about budgeting, saving, and investing.

It’s important to balance your work and home life when teaching how to save money. One of the biggest hurdles to the frugal lifestyle is that people think it’s “avoiding fun”. Instead, find ways to have fun on a budget. Whether it’s a free walk in the park or taking advantage of sales on toys, it’s important to show kids they can enjoy themselves without frivolous spending.

Lead by Example

“It must be nice being a stay-at-home mom” is something no mom ever wants to hear in a patronizing tone. The role of motherhood has challenges too, same as any other responsibility. This is exactly why you should be your child’s premiere role model. Show them how you budget your money, save for the future, and make wise financial decisions.

When making financial decisions, it’s important to involve your children in the process. For example, you can involve them in creating a budget for the family or in deciding how to spend a tax refund. This will help them understand the thought process behind financial decisions and how to make decisions that align with their financial goals.


One of the most important lessons you can teach your children about money management is the value of saving. Encourage them to save their allowance and any money they receive as gifts. Help them set savings goals, like saving for a new toy or a special outing, and teach them to budget their money accordingly.

When teaching your children about saving, it’s crucial to teach them the value of delayed gratification. This means teaching them to wait and save up for something they want instead of buying it right away. By doing so, you will help them develop a sense of discipline and financial responsibility.

The Value Of Giving

Remember to teach your children the value of giving. Encourage them to donate a portion of their allowance or to volunteer their time to a charitable cause. This will help them develop empathy and a sense of social responsibility. Not only that, it gives them a moral motivation to earn more in the future. 

Teaching your children the value of giving doesn’t have to be expensive. You can encourage them to donate their time or to participate in community service projects. This will help them understand the importance of giving back to their community and helping those in need.

Delayed Gratification

In today’s world, it’s easy for children to get everything they want instantly. However, it’s important to teach them the value of delayed gratification.  The concept can be difficult for children to understand. After all, the idea of not enjoying something now sounds counterintuitive to happiness. 

Teach them the value of gaining even more happiness down the line. Frame it this way: if you poured a glass of chocolate milk for them, and they pulled the glass away after one second, they’d have a lot less chocolate milk to drink. If they had waited, they would have had a lot more chocolate milk to enjoy!


Good financial habits are some of the most important lessons a parent can give their children. These habits are things they will use for the rest of their life, and it’s all thanks to your early intervention. Children are the quickest learners, and as long as you make them feel the importance of your lessons, they will listen.

They don’t have to learn about taxes just yet, or what it means to invest in stocks. They just need to know that maybe, just maybe, they don’t have to spend the two dollars they have on a snack. Instead, they can put it in a bank and use it to buy something they’ve wanted for a long time, all with their own money.

Author’s Bio

Sophia Young recently quit a non-writing job to finally be able to tell stories and paint the world through her words. She loves talking about fashion and weddings and travel, but can also easily kick ass with a thousand-word article about the latest marketing and business trends, and finance-related topics, and can probably even whip up a nice heart-warming article about family life. She can totally go from fashion guru to your friendly neighborhood cat lady with mean budgeting skills and home tips real quick.  To contact Sophia, email,

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