Raise Money-Smart Kids

Hey Simplifiers,

We all want the next generation to be smarter with money than we were—but let’s be honest: sitting a kid down for a lecture on "compound interest" isn't exactly winning Parent of the Year. Good news? Teaching financial literacy can be fun, simple, and powerful when you meet kids where they are.

Here’s how to start:

1. Open a Kid-Friendly Bank Account
Take them to open their very own savings account. Letting them deposit money from birthdays, chores, or allowances gives them ownership of their financial journey early on.

2. Set Up a Savings Goal
Pick something small (like a new toy or a fun experience). Create a simple visual tracker so they can see their progress. This will make saving feel exciting, not like a chore.

3. Play 'Grocery Store' Games
For your next grocery trip, turn it into a mini money lesson. Give them a "budget" and a small list to "shop" from. This will build decision-making skills in a real-world way.

4. Introduce Them to the Concept of Earning
Whether it’s extra chores or helping a neighbor, reward effort, not just existence. Kids learn the connection between work and reward very quickly!

5. Make It a Family Thing
Share age-appropriate discussions about saving for vacations, managing bills, or budgeting for family nights. Normalize money conversations—it removes the mystery and the fear.

Pro Tip:

You don’t need to be a financial expert yourself. You must stay consistent, model healthy money habits, and let them learn by doing. Building financial confidence is one of the greatest gifts you can give a child—and it’s never too early (or too late) to start!

Until next week,
C 🩶
Founder of The Simple Adult