10 Effective Ways To Build Good Money Habits

The tips and ideas below will cover a wide range of financial topics for just about every age and stage.

I hope they’ll help you discover new ways to teach your kids about money. But before we dive into the tips, let’s first define financial literacy.

What Is Financial Literacy? Financial literacy means having the knowledge and skills to manage your money successfully and confidently.

1. Model Good Money Habits Children constantly observe and learn from people and the world around them.

2. Teach Your Kids How To Save One of the most basic money skills kids can learn is how to save money.

3. Teach Your Kids the Basics of Investing Kids can start learning the basics of investing from a surprisingly young age.

5. Go Shopping Together One of the best ways to do that is to take them shopping with you.

6. Encourage Delayed Gratification I firmly believe that being able to embrace delayed gratification is foundational to becoming successful with money.