Why should I teach my child to save money at a young age?
Between the ages of 6 and 12, you can help children absorb rules of thumb and day-to-day habits that shape how they earn, save, and shop. Habits like planning ahead, saving up, and sticking to goals and values help children (and adults) achieve financial well-being in adulthood.
In this age range, your child can develop these skills and more!
- Positive attitude about saving, being frugal, and self-control
- Ability to plan ahead or save up for what she wants
- Ability to make money choices that align with her own goals and values
- Self-confidence in starting an unfamiliar money task