Teaching money to the kids based on their age

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Money is a big deal nowadays and people are not just worrying for themselves but for the kids they have too. With inflation, Shrinkflation, political scams and big corporations ripping everyone off today, what will the kids go through decades to come if things get worse that what it already is?

That's why if you're a parent for any kid wether biologically related or not you should know how to teach them about money. But they're kids they won't understand it at that point. But this guide shows you how to explain it to them based on their age.

Screenshot attributed to Brutal Path on X

When your kids are toddlers, 4 or 5 years old, all you want to do is teach them what money is, you can just show them and tell them "this here is a quarter. You have to work to earn this." Those kinds of basic things. My neighbor's daughter thought her mom was getting money from the wall because she would just stand there at the ATM and money came.

Then when your pre teens that's from 7 to 12, start working around the house, you can give them little bit of cash to complete a few chores, or you can let them save their pennies to buy toys they want. But to be honest, I don't know if connecting chores with money is the right way to teach them about handling money. Sometimes I feel like it is the best approach and other times I feel like it may not be. Because chores are part of being a member of a family so giving them money for that may condition their mentality in a wrong way. Just be careful how you explain reward systems to them at that age. They may end up being like people who never do stuff unless money is tied to it and that's a wrong way to raise a kid.

Then once they turn into teenagers, the conversation changes from "This is a quarter" to talking about banks, credit cards and what they want to do with their future. It real does seem like a lot to figure out at once and a lot for parents to do.

The whole process of teaching kids about money can be a messed up process since no two kids grow up at the same pace. What works for one kid at 7 might not click with another kid until they are 9. All we can do is to do the best we can with the information we have and raise people that'll understand economy and money well enough to live a balanced sustainable life.

At least if you just start and adjust along the way, you should be okay. Even though that is still a little scary at times.