Teaching Kids Financial Skills: Here Are 5 Things Children Need to Learn About Money! by juniorCEOs

Teaching Kids Financial Skills: Here Are 5 Things Children Need to Learn About Money!

Parents, our kids need to learn financial skills! Here are the top five things kids should learn about finances:

  • The Importance of Future Planning: Future financial planning involves several money-handling skills that students should be exposed to at a younger age. Learning how to save money for predictable and unpredictable events can help them avoid a few problems. For instance, debt, foreclosure, bankruptcy or other financial pitfalls in the future. 
  • Budgeting Personal Finance and Chores: Budgeting conversations at home can start at a fairly young age by defining wants vs. needs. Teaching children how to manage their own finances will affect their spending habits in the future.
  • Investing in Long-term Gains: A riveting, hands-on lesson can be comprised of investing fake money and using real stock-market data to measure results.
  • How to Pay for College Without Loans: Students need to know that there are more ways to afford the rapidly rising cost of higher education than with high-interest loans. Options like work-study, financial aid applications and scholarships could help students pay for college without much debt. 
  • Entrepreneurship: Kids that start or help a small business or charity may think outside the box and exercise their creativity.

Related Products on Amazon We Think You May Like:

30Second Mobile, Inc. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

Steve Siebold Shares 5 Secrets Self-Made Millionaires Teach Their Kids

Spend, Save & Give: How 3 Buckets Can Help Teach Kids Your Money Values!

Money Lessons for Kids: 10 Lies About Money to Stop Telling Your Children

Teaching Kids About Money: Why It's the Impossible Parenting Task

Elisa All Schmitz 30Seconds
YES! Kids need these skills, the sooner the better. Many thanks for sharing these insights with us, juniorCEOs . Excited to welcome you to our community of writers and look forward to seeing more from you!
Ann Marie Gardinier Halstead
Such great tips here. Thanks for sharing them with us, juniorCEOs !
Mike Prochaska
I would be happy if they didn’t empty there bank all the time. I always find pennies all over there rooms

join discussion

Please login to comment.

recommended tips

Moving? Here's How & Why to Get Connected at Your Local Library!

Kids & Unstructured Play: Why Children Need Downtime for Mental Health & Learning Life Skills!

This Piece of Advice From Dr. Willie Jolley is Vital When Teaching Kids About Money & Financial Success!

Got 30 seconds? Sign up for 30Seconds.com and get the best of our tips each week!