Setting A Good Financial Example

Setting a good example for your kids over how to handle their money can seem like a long process. As small children, they’re just not going to be interested. As tweens they want everything they set their eyes on. And as teens, it can be very hard to just get them to sit and listen in the first place! 

But with everything you do with your finances, from the day your kids are born to when they’re fully grown up, you can set an automatic example. 

We’ve touched on this topic before, but let’s go into a little more detail about some more things you can do to set a good financial example. Because money really does make the world go round, and it’s important to teach your little ones just how well they can learn to handle money, and set them up well for the future. 

Live Off of a Budget

You most likely already have a budget – why not share the ins and outs of it with your kids? They should know how to run a household, and learn from the most trusted source: their parents! 

But if you don’t have such a strict budget, it might be time to put one in place. And make it easy to follow! Kids need clear and simple instructions (and so do quite a few adults…) and if you want to teach your children just how good a budget can be for them, this is how. 

Seeing as budgets are commonplace in today’s world, it shouldn’t be hard to surround your little ones with a culture of budgeting, and knowing where and how to put your money. 

Show Off Some Different Ways to Bank

The bank just down the road, or in the center of town, isn’t the only place you can keep your money safe. It’s important to show that off to your children; if they don’t like the idea of a traditional bank as they grow older, or they want to have a bit more control and/or access to their money, there’s other options out there for them. 

We live in a modern world with plenty of technological and digital solutions. There are all kinds of financial options on the market at the moment, and even just reading up on some Green Dot Prepaid Card reviews might dictate the nature of your next money handling talk you have with your kids! 

Talking about banking gets stuffy and boring fast, right? But, if you tell them there’s all kinds of ways to keep their money safe, and save their pennies automatically (which kids will be very interested in!), they’ll be more likely to pay attention and keep that information in mind. 

Do you want your kids to know how to handle their money? It would be a real weight off your shoulders, right? Well, now’s your chance to learn how to set that good example, by keeping these kind of tips in mind.