We love our children and only want the best for them which means giving them the tools and skills necessary to be successful in life. Teaching them about money at all ages is crucial for them to have an understanding of their personal finances as an adult. Here are different lessons to teach at different age levels!

Pre-School and Kindergarten

Children as young as 1 start to learn through mimicry, so make sure to set a healthy example of what good money management looks like. Another great way to show them how money works is to use a clear jar as a piggy bank so they can visually see their money grow.

Elementary and Middle Schoolers

Have your child earn money instead of giving them an allowance. At this age, they can do house chores such as taking out the trash, washing dishes or cleaning their room. Doing this helps them understand that money is something that needs to be earned and that hard work is required.

Impulse buys are huge during these years, so make them wait at least one day for anything over $15 as it will probably still be there the next day and they can make the decision with a more level head if they really want to spend their hard-earned money on it or not.


I think this age is when most life skills are going to be gained so it is incredibly important to be having conversations with your teen about credit cards, how they plan to pay for college, and how to budget. (Don’t worry if you are not perfect at all of these aspects, I included some helpful links below to learn with your teen!)

For our student loans, we work with Iowa Student Loan and they have some very useful information and tools when it comes to planning how to pay for higher education. Some examples of the tools they offer are a Return on College Investment calculator and a College Funding Forecaster!

And just in case you don’t think having an action plan for how to pay for college debt is necessary, here is an infographic from Behance about current student debt in America.


There are plenty of helpful resources, information, and games available to help teach your child financial literacy, but I did include a few down below!

Share this Post