Growing up financially smart

Understanding money and being financially literate are important for everyone. Teaching your kids from an early age about money and investing can empower them to better navigate the complexities of the financial world to achieve financial success and freedom.

As you navigate the exciting world of growing up, there's one skill that will set you up for success: budgeting. Budgeting isn't just for adults; it's a powerful tool that can help you take control of your money early on.

Classrooms don’t have to be the only place where kids learn. In fact, the most valuable lessons that kids can learn can be taught at home.

Teaching your kids about money to help them understand the value of delaying gratification and saving will establish the foundations for a financially fit future.

In an ideal world, all it would take to get your kids to complete basic household tasks would be a polite request or perhaps an entreaty to their shared sense of family responsibility and duty if they’re being particularly difficult. In the real world, however, most kids require a little more material encouragement to develop a good work ethic and get their chores done.

Good money habits start with understanding money, and the earlier that foundation is set, the sooner those habits can take root. To foster financial independence and set children up for financial success later in life, it’s crucial to teach them basic financial skills that will help them grow their financial literacy.

Young children are eager to learn something new every day, and any amount of time that you spend creating positive experiences with your children is time well spent.

They say the family that learns together earns together. Whether you’ve got a household of budding financial gurus or are looking for a good way to get your kids to start thinking about things such as cash flow and credit cards, our family financial planning quiz is a good place to start.

As parents and caregivers, we dream of equipping our children with the tools they need to thrive. Alongside academics and life skills, financial literacy is a crucial but often overlooked tool. Teaching kids about money (how to earn, spend wisely and save) is an invaluable gift that cultivates independence and responsibility, and sets the foundation for their financial security.