SUMMARY: Parents often remind their children that money doesn’t grow on trees. But there’s more to the lesson.

In a world of tap-to-pay and digital wallets, many financial decisions happen with little thought. But even in this tech-driven era, one of the best ways to raise financially responsible kids is to simply talk about money.

The American Psychological Association agrees, noting that frequent, open conversations — paired with modeling good habits — are key to building long-term financial success.

Here’s how to introduce money management lessons at every age:

Ages 3–6: Make money visible.
Introduce coins and bills, explain what money is used for, and role-play shopping with a toy cash register. Talk through everyday transactions, like using a card or withdrawing from an ATM.

Ages 7–10: Start saving habits.
Open a savings account and help your kids make regular deposits. Talk about how interest works and begin discussions around budgeting and needs vs. wants.

Ages 11–14: Practice real-world decisions.
Involve your children in small family budgeting tasks like planning a party. Introduce basic investing concepts or ask them to plan how they’d save for a future goal.

Ages 15–18: Prep for independence.
Discuss borrowing, interest and credit. Plan together for college expenses and consider opening a checking account so your teens can begin managing daily spending.

Building financial confidence is a lifelong journey — and starting early makes a big difference. By giving children the tools and opportunities to practice with money, you help prepare them for the real-world decisions they'll face as adults.

How the Credit Union can help

Savings: A share savings account earns dividends and starts every Credit Union membership. 

uChecking: Designed for members ages 13–25, this account has no monthly fee with activity, no minimum balance and up to $15/month in ATM fee rebates with qualifying use.

Dream Plan: Start saving for big goals — like a car or trip — with a $25 initial deposit and monthly contributions of $25 or more.  

Education Savings Account: Create a dedicated account to set aside funds for school-related expenses.