Tips for parents looking to improve financial literacy in kids A parent’s goal should be to help children learn the value of a dollar —before they wrestle with more complicated financial issues later in life. Fortunately, there are ways to improve kids' financial literacy outside the classroom. For parents looking to guide their children toward wise money management at an early age, here are six tips on how to teach kids about money-:
Discuss what money is and how the spending works See a financial institution with your child Give them a chance to budget their cash Select how savings should be stored Pass on your values Set a savings goal