Teaching Kids About Money

Working with your children, teaching them the importance of savings and credit, and encouraging them to practice good money management habits is among the valuable lessons you can provide as a parent. Early on, we must start teaching our children about the importance of using money wisely. We can teach them how to avoid making mistakes such as overspending or misusing credit, and help them become wise consumers and financially secure.

Elementary School

• Teach them to save money by having them contribute towards purchasing an item.

• Encourage them to earn money such as having a paper route, doing odd-jobs for relatives or family, or working summer jobs.

• When you are grocery shopping, have them think about comparing the costs of items.

• Read or talk with them about money-topics such as credit or savings.


• To encourage banking, open custodial accounts, then have them make deposits and balance their checkbooks.

• Teach them about the misuse of credit cards by having them understand about interest rates and fees.

• Encourage them to earn money through after-school summer jobs.

• Talk with them about investment concepts such as saving for a car or college.

High School

• Encourage them to participate in a Financial Education Course though a nonprofit organization or bank to learn personal finance concepts such as budgeting and credit.

• Describe how credit card debts, opened while in college, may limit financial options after college.

• Have them complete a personal finance budget, identify future financial goals, and determine how they will manage their monthly living expenses.

Getting A Head $tart Program  

To help children learn about money management, Trinity works with local schools and community organizations to promote youth financial education. This program teaches basic financial concepts, such as budgeting, saving, and the proper use of credit. The course introduces children to wise consumer habits and the importance of financial planning. Request a copy of Getting A Head $tart by calling (800) 364-1086, or download a copy at trinitycredit.org.