56 Money Conversation Starters to Teach Your Kids About Money

Financial literacy is a difficult subject to teach to your kids at any age, but it’s crucial that your kids
understand the basics early on so they can form better habits as they age. For example, budgeting
and saving are concepts that kids typically learn by observing you over time, but you can streamline
the process by discussing these principles with them and actually let them take part in the process! 

However, money is not something most kids want to talk about at all! In fact, most kids don’t really
want to think about earning money until they realize they can buy stuff they want with it. Fortunately,
there are ways you can trigger conversations about money so that your kids are at least thinking and
talking about it early on, such as these money conversation starters. 

Wikibuy compiled 56 questions covering financial topics for young kids and teens. All you need to do
is print them out! You can pull them out anytime you’re at the table together, or keep handy in the car
to keep your kids occupied while you drive. The choice is yours, but the important part is that you’ll
discuss money together! These can be especially useful when you’re taking care of financial errands.
For example, if you run to the ATM, it’s a great time to explain what an ATM is and segue into why it’s
important to earn money. 

There are plenty of opportunities to start teaching your kids about money, but the important thing is
that you discuss it regularly. This will build a solid financial foundation and help your kids make better,
smarter financial choices when it really matters later in life. You can download the full list
of money conversation starters here. 

5 Budgeting Printables and Stickers

Though most of us are stressed about our finances, starting a household budget can be a daunting task. Tracking every little expense to see where you can cut back sounds exhausting! 

However, it's important to note that there is no one-size-fits-all approach to budgeting, and many families to choose to spend and save on different activities. 

In order to make the budgeting process easy and fun, the finance experts at Credit.com have created these customizable budgeting printables to help get you started. You can download the envelopes, expense trackers, stickers, and more below:

1 Month No-Spend Challenge Tracker - Free Printable

Whether you had a month splurging on birthday gifts or shopping trips, or just want to work on balancing your finances better, it's no secret that tackling these challenges can be tricky. With social media tempting both us and our kiddos constantly to splurge the temptation can be all too real. That's why taking on a no-spend challenge for a weekend, week, or even a month is a great way to fix your budget. Before you freak out, a no spend challenge isn't as drastic as it sounds. It doesn't mean you won't be spending anything, but instead that you'll be spending only on necessities like groceries, bills, etc. AKA, all the less fun stuff.

But just because you're monitoring your spending, doesn't mean it doesn't need to be fun! Credit.com created these helpful (and cute!) no spend printables to make saving easy. The best part about these challenges (and challenges in general_ is that you can share them on your social profiles with friends to help motivate both you and others! In this workbook, you'll run through a series of questions on how to prep for the challenge, then from there begin! We've included a wish list where you can add any temptations/things you almost bought, so that at the end you can calculate how money you would have saved. There's also a calendar to check off each day you achieve your no-spend challenge, and a worksheet on reflection so you can make long term changes!

Money Management for Kids

It’s never a bad idea to introduce your child to the concept of money, as the younger that you instill basic concepts like saving and the value of work and managing their finances the more you can ensure lifelong financial success and stability.

There are a few important things to remember when it comes to teaching your children. It’s a good idea to start with the basics, like recognizing each coin and their value. Focus on teaching your young child how to recognize coin and bill denominations, and the basics of purchasing.

To help your child understand the concept of earning money, give them an allowance for the chores they complete and keep track of what they earn on a sheet of paper. But don’t forget to teach them about how to save and decide on what to purchase with this money. The most important financial lesson they can learn will be to prioritize their purchases and practice patience.

Check out these printables created by Self Lender to help you teach your child the skills they need for financial success. The printable money games like the “coin game” will make it simple to teach your children about coin denominations and making purchases.