Most adults can trace the development of their financial lives back to childhood. The Consumer Financial Protection Bureau researched more about this topic to determine what the most helpful activities are for children and youth as they learn and grow. This three-article series provides tips for parents of young children, elementary and middle school students, and teenagers and young adults.
Part 2: For parents of elementary and middle school students
Children take note of how you live your financial life, and they adopt that as the norm for their own lives. Do you regularly check your bank transactions online? Do you drop your bills in a pile without opening them? Do you resist buying the latest gadget and wait till it’s on sale? These are the kinds of actions your kids can easily see and remember.