There’s a seemingly endless amount of important lessons you want to teach to your children, but there’s one in particular that often gets overlooked in school and in the home: financial literacy for your kids. While this isn’t always at the top of every parents’ to do list, it probably should be—it’s an important part of setting your children up for success down the line when it comes to responsibly managing their money.
You might think they’re too young to grasp money-minded concepts, but there are ways to incorporate fun lessons into their everyday lives that make them easy to understand. Raising financially savvy children includes teaching different aspects of the world of finance: budgeting and planning expenses, the difference between credit and debit, the value of a dollar, how to save, and knowing the difference between wants and needs, to name a few.
Teaching children fiscal responsibility helps prepare them for the real-life experiences they’ll encounter when they’re older. Children absorb their money habits early on from watching the way their parents handle their finances, so being intentional about the lessons they learn when they’re young can provide a solid foundation for success in the future.
It’s never too early to teach this vital skill to your children, but many parents wonder how to start. Try out these fun printables designed to teach kids important credit card basics— each activity provides an interactive way to get your kids thinking about how money works and what it looks like in their own day to day lives. From cut-out pretend credit cards, a spending tracker, a budgeting system, and more, these activities turn the complex topic of finance into a fun learning experience for the whole family.