Avoid the headache later: 5 risks of not teaching teens about money
- Admin
- Jul 14
- 1 min read
Ever wonder why some adults struggle to manage money? The truth is, money habits start young and if we want our kids to grow up financially wise, we need to start at home.
Teaching kids about money isn’t just about giving them pocket money. It’s about guiding them to make smart choices, understand value, and plan wisely. Here are five simple ways to build money-smart habits from home:
𝙂𝙞𝙫𝙚 𝙥𝙤𝙘𝙠𝙚𝙩 𝙢𝙤𝙣𝙚𝙮 𝙬𝙞𝙩𝙝 𝙖 𝙥𝙪𝙧𝙥𝙤𝙨𝙚
Set a fixed amount daily or weekly. Explain why and avoid topping up without reason. This teaches discipline.
𝙐𝙨𝙚 𝙩𝙝𝙚 𝙟𝙖𝙧 𝙤𝙧 𝙚𝙣𝙫𝙚𝙡𝙤𝙥𝙚 𝙨𝙮𝙨𝙩𝙚𝙢
Split their money into Save, Spend, and Give. It’s a fun and visual way to learn balance.
𝙂𝙚𝙩 𝙩𝙝𝙚𝙢 𝙞𝙣𝙫𝙤𝙡𝙫𝙚𝙙 𝙞𝙣 𝙗𝙪𝙙𝙜𝙚𝙩𝙞𝙣𝙜
Take them grocery shopping. Give them a budget and let them help compare prices and choose wisely.
𝙊𝙛𝙛𝙚𝙧 𝙨𝙢𝙖𝙡𝙡 𝙥𝙖𝙞𝙙 𝙩𝙖𝙨𝙠𝙨
Skip rewarding chores they should already do. Instead, pay them for extra help like watering plants or folding laundry. They’ll learn money comes from effort.
𝙋𝙡𝙖𝙮 𝙨𝙞𝙢𝙪𝙡𝙖𝙩𝙞𝙤𝙣 𝙜𝙖𝙢𝙚𝙨
Games like Monopoly or kid-friendly finance apps help children understand savings, investments, and even debt all while having fun.
The goal isn’t to turn them into accountants, but to help them become responsible, confident decision-makers. Start early, start simple, and watch them grow into financially smart individuals.
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