Financial Literacy for Kids

"As parents to young kids, we try to instill that money is a tool, not something to fear, and not something to chase. It’s about choices, responsibility, and understanding how today’s decisions shape tomorrow."
- Erin Thompson

Make Money A Part of Everyday Conversations

We try to talk about money in a calm, matter-of-fact way, explaining decisions like saving for a trip, waiting on a purchase, or prioritizing one thing over another. When kids hear these conversations regularly, money becomes something they understand rather than something they worry about.

Give Allowance a Job

An allowance works best when it has a purpose. We encourage dividing money into simple categories — spending, saving, and giving — so kids learn that money can support both immediate wants and longer-term goals, as well as generosity.

Let Small Mistakes be Lessons

Not every choice needs to be corrected. When kids spend money on something that doesn’t quite live up to expectations, that experience becomes a valuable lesson. Learning early builds confidence and better decision-making over time. 

Connect Money to Effort

We emphasize that money is earned through time and effort, whether that’s helping around the house or working toward a specific goal. This connection helps kids understand the value behind what they have and fosters a sense of responsibility and pride.

Model Thoughtful Choices

Kids notice more than we realize. By talking openly about budgeting, saving, and giving — without stress or secrecy — we try to model a healthy, balanced approach to money that they can carry forward into adulthood.

"We remind ourselves often that these lessons aren’t about raising perfect savers, they’re about raising thoughtful, confident adults. If our kids grow up understanding that money is a tool they can use with intention, then we’ve done our job."