10 Effective Ways To Build Good Money Habits

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As parents, we know that financial literacy for kids is critical. But how do we get started? Which topics should we teach, and when?

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The tips and ideas below will cover a wide range of financial topics for just about every age and stage. I hope they'll help you discover new ways to teach your kids about money. 

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What Is Financial Literacy?

Financial literacy means having the knowledge and skills to manage your money successfully and confidently.

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Financial Literacy for Kids: 10 Effective Ways To Build Good Money Habits

Now that we've defined financial literacy, it's time to get into the tips. Here are ten ways you can start building good money habits in your kids today:

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1. Model Good Money Habits

Children constantly observe and learn from people and the world around them. Therefore, one of the best ways to instill financial literacy in kids is to model good money habits.

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2. Teach Your Kids How To Save

Young kids might enjoy starting with a classic ceramic piggy bank. It's fun for them to drop coins in the slot, hear the sound of the coins dropping in, then pick up the piggy bank to feel how full it's getting.

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Youth Savings Account

Youth savings accounts allow kids to experience having their bank account, statements, and debit card.

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