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School-Age to Preteens

Between the ages of 6 and 12, you can help children absorb rules of thumb and day-to-day habits that shape how they earn, save and shop.

Money ideas to talk about and try with your child

talking points 1
 

Earning

Say: You can earn money through an allowance or by doing jobs for the family or others.

 
   

Saving

Say: You can start a habit of putting money aside for things you want.
 

 
   

Planning

Say: You need to make choices about how to spend your money.
 

 
talking points 2
 

Shopping

Say: Try shopping around and comparing prices and features before you buy.
 

 
   

Borrowing

Say: Taking out a loan means you pay back what you borrow, plus more – because of charges called interest.

 
   

Protecting

Say: You need to keep important personal information private.

 

 
Helpful Tips
Keep in mind that you're teaching about money, on purpose or not. Your children are constantly watching and listening, so they might absorb more than you think. When you shop for a bargain, or splurge on a treat, or plan a special occasion, you're showing your kids how to think about money.

Don't worry too much about things you don't know. You're in good company. Most people don't. and that's okay. Every day, you excel at something your children need to learn – whether it's managing your time between work and home, saving money when you shop, or planning for a future event.