Why should I teach my child to save money at a young age?

A child in a shopping cart especially designed for children with a physical disability, with his mother and sister by his side

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

Content adapted from https://www.consumerfinance.gov/consumer-tools/money-as-you-grow/school-age-children-preteens/money-milestones/

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Ohio Parents and Caregivers -- Click Here to Apply to be on our Advisory Council in 2021 -- Applications Due November 26, 2020

We are now recruiting Ohio parents and caregivers of Ohio children from birth to grade 12 to be members of our advisory council beginning in January 2021!

Click here to download the English version of the application and share with families in your community.

Click here to download the Spanish version of the application and share with families in your community.

Applications are due by November 26, 2020, and can be emailed as an attachment to OhioSFEC@osu.edu.

To read more about the work of the council, visit our state advisory council web page.

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