Go to Top

When to Teach Kids About Money?

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

When they were born, a relative gave each of my twin sons a piggy bank.  We immediately set it aside, but as my kids have gotten older (they’re now three), they’re starting to learn what a piggy bank is.  Sort of.

Here’s a quick transcript of last night:

As spoken by my three year old son:  “Mommy, get me my piggy bank! And I need money!”

Heard five minutes later: “I don’t have enough money!”

For the moment, let’s leave the last part out, as he doesn’t even know what quarters, nickels, dimes , and pennies are, let alone what they are worth.  He just knows he wants his piggy bank as full as possible, just for the sake of having it full.  But it got me wondering: When is the right time to teach kids about money and how to handle it responsibly?

Tell us what you think.  Post your thoughts to our Facebook page, or leave a reply below.

Leave a Reply

Your email address will not be published. Required fields are marked *


This blog is kept spam free by WP-SpamFree.