How to teach your kids about money

Session Objective

Helps with the goals and challenges of raising money-smart 

Learning Outcomes

  • obtain information and tips to raise kids who are financially independent and responsible
  • better understand the challenges of raising money-smart kids
  • learn how to address age-appropriate money-related topics with young kids, pre-teens, teenagers and emerging adults

Session Outline

  • why teaching kids about money is important
  • goals and challenges of raising money smart kids
  • evolution of financial decisions throughout childhood
  • age appropriate teaching for young children, pre-teens, teenagers and emerging adults
  • tips on allowance, budgeting, credit cards, cell phones, virtual spending
  • tools, aids, resources
  • Q&A

Learning Materials  

  • Goal Setting worksheet — helps set SMART goals which are specific, measurable, attainable, realistic, time-framed
  • Values Validator worksheet — helps determine what things are most important to help set values-based goals
  • Monthly Budget for Teens worksheet — helps teenagers living at home set a budget
  • Role Model Self-Assessment worksheet — determines kind of financial role model


 

How to teach your kids about money
Photo credit: Getty Images
Session Level
Basic
Topics Covered
Saving Strategies
Financial Planning
Managing Finances
Goal Setting
Teaching Children
Who Should Attend
Adults
Parents, teachers
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