Financial literacy means having the knowledge and skills to manage your money successfully and confidently.
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:
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.
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.
Youth savings accounts allow kids to experience having their bank account, statements, and debit card.