Ages 8-10

Financial Literacy For Kids, Ages 8-10

These are prime years for teaching the basics of money management. Your kids are gaining a more in-depth understanding of how money works and are still interested in learning from you. During this age range, your kids should be ready for a number of mature financial steps.

Key Money Basics for Ages 8-10

  • Performing small jobs to learn the value of earning money.
  • Assuming greater financial responsibility with a larger allowance.
  • Saving for longer-term goals.
  • Opening a bank account.
  • Make sure you remind your kids that money is earned by working.
  • Try to use real money instead of credit cards when you shop with your kids.
  • Challenge your kids to calculate how much change you should receive when you pay with larger bills.

Are you ready to get serious about your family’s finances?

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Financial advice for kids ages 8-10