Teaching good money habits starts early and grows through every stage of life.
With very young children, begin simply. Three jars labeled “Spend,” “Save,” and “Share” can help them understand what money is and learn that saving for something special takes patience.
With tweens — or children between 9 and 12 — offer bigger ideas. They can earn money through chores or small jobs to connect effort with reward and a sense of ownership. Opening a basic savings account can also help build their confidence.
For high schoolers and young adults, budgeting becomes essential. Tracking what comes in and goes out through an app or spreadsheet helps them stay aware, and learning how credit works can offer benefits down the road.
In their early working years, paying themselves first and building good saving habits set the foundation for longterm financial freedom.
When you start strong and stay consistent, money becomes a tool that helps your children support the lives they want.
This content was provided by Edward Jones for use by Linda Drake, your Edward Jones financial advisor, at (480) 985-2651. Member SIPC
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