We might not like to talk about our finances, but teaching finances to your child at a young age can help them develop a healthy understanding of money for the future. The following tips are just a few ways you can boost your child’s understanding of finances.

1. BOOSTING YOUR
CHILD'S FINANCIAL
LITERACY
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2. START EARLY
Children today are much more perceptive
than we often give them credit for so
there is never a wrong time to start talking
to them about money.
Just talking to them about what items
cost and where the money comes from
can help them understand more complex
money issues when they are older.

3. START A BANK
ACCOUNT FOR THEM
Drop extra chains and dollar bills into a
jar or depositing money into an
account at a bank
Starting a bank account early will help
develop your children’s savings habits
Choose an account at a bank that has a
program that will teach your child
about money

4. SET UP SAVINGS
GOALS
Digital transactions have made it harder
to demonstrate how much an item costs
which has made teaching a child to save
money harder. Teaching a child how to
save up for the item they want will help
them build positive behaviors towards
saving money. When they are looking to
purchase a big ticket item, set up a
savings goal so they can see what it
takes to save money.

5. Setting up a pocket money system
with your child will teach them how
to be responsible with their money.
This system allows the child to keep
some of the money they earned
through allowance while saving the
rest of it.
IMPLEMENT
POCKET MONEY
SPENDING

6. PLAY MONEY THEMED
GAMES
Studies have found that activities that
show instead of telling how something
works help children understand the
concept better.
Children want to have fun, so playing age-
appropriate games like Pay Day, Cashflow
for Kids or Monopoly Junior will help
teach them about spending and saving
money.

7. THANK YOU!
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