Latest on ATM Outage

We are currently experiencing an ATM outage. We apologize for the inconvenience and appreciate your patience while we work to restore services. For the latest updates on which ATMs are working, please read our blog.

Skip to Content

Fuel Your Children with Financial Literacy!

Fuel Your Children with Financial Literacy!


Fuel Your Children with Financial Literacy! We’re making it easy for you to fill their brains with 10 Easy Ways to Teach Kids About Money!

In today's world, teaching children about money and financial responsibility is more important than ever. But it’s also a topic that is easily shelved, or left ‘until later’. Instilling a strong foundation of financial literacy in your kids can help set them up for a successful and secure future. By starting early and integrating money lessons into everyday activities, you can empower your children with the skills they need to make informed financial decisions.


First, let’s talk about why you should teach your kids about money.

Using money is something we do every day of our adult lives, and it begins before we turn 18. It’s critical to learn lifelong skills that will equip your children with the knowledge and confidence to manage their money wisely. By starting to teach your children about money management from a young age, you can:

  • Promote smart decision making
  • Cultivate responsibility
  • Increase the chances of a higher credit score (which can save them a lot of money later in life)
  • Prevent them from taking on a lot of debt as an adult
  • Encourage goal setting – saving for a car, saving for college, saving for their future home

When children understand the basic concepts of money, they can make well informed decisions about spending, saving, giving and eventually investing.


Now, let's explore ten easy and effective ways to teach these lessons to your kiddos:

  1. Use Everyday Moments: Turn routine activities, like grocery shopping, into learning opportunities by comparing prices, discussing budgeting, and making choices based on needs and wants.
  1. Provide Allowance: In return for completing tasks or chores, try to give an allowance, teaching them to budget, save, and make spending choices within their means.
  1. Try the Jar Method: Introduce savings jars for specific goals, helping children visualize progress and learn delayed gratification.
  1. Play Money Games: Board games like Monopoly or online games can teach valuable lessons about money management, negotiation, and strategy.
  1. Open a Savings Account: Setting up a bank account for your child offers hands-on experience with saving, and making deposits and withdrawals.
  1. Discuss Family Finances: Age-appropriate conversations about household budgeting and expenses can demystify financial topics and involve kids in real-life scenarios.
  1. Get Detailed: There’s a lot that goes into teaching about money but once you cover the basics it’s good to consider teaching things that are a little more detailed such as: quality vs. cost, or the art of cost comparing.
  1. Model Responsible Behavior: Be a role model by showcasing prudent financial practices and discussing your thought process when making financial decisions.
  1. Explore Online Resources: Utilize free educational websites, apps, and videos designed to teach kids about money management and economics.
  1. Have Some Fun: Show them that though managing money requires dedication and smart choices, that you can make choices that are also fun, and it’s important to treat yourself every now and then when appropriate.

Equipping your children with strong financial literacy skills is the gift that keeps on giving and will benefit them throughout their lives. Though life gets busy, overwhelming, stressful and seemingly flies by, it can be easy to shelf the topic for later. But, it’s important to make time to weave in those money lessons into everyday activities and using practical tools, you can lay the foundation for responsible money management.

It's not just about dollars and cents; it's about empowering them to make informed choices and navigate the complex world of finances with confidence. Start early, be patient, and watch as your kids develop into financially savvy individuals ready to tackle whatever financial challenges come their way!


Denotes required fields

Aa Aa Aa