How to Curate a Cash-Conscious Upbringing for Your Kids

How your kids perceive finances during their childhood will be very important to how they handle money in the future. The unfortunate truth, though, is that most households don’t really discuss anything regarding money. Many can even consider it taboo.

Such cluelessness can give kids such a limited knowledge of different components when it comes to finances, like credit cards, bills, and more. This lack of understanding is often the root cause of facing multiple financial problems when growing up. 

It’s important to raise your kids to be cash-conscious. A more money-centered upbringing will help your children stand on their own two feet financially. If you’re curious about how to carry that out, here’s a short guide on how you can curate your kid’s financial mindset and experience growing up:

Don’t Shy Away from Money Talk

Try to engage in discussions with your child from the get-go. It isn’t necessary to jump into the concept of debt right away, but even just small things such as counting the amount of money in their hand and knowing what it is used for can be extremely helpful.

One way you can allow money talk to naturally flow is by bringing your kid to the grocery store. Show them the different prices and explain how you need to pay for each item. Let them participate in calculating as well, and encourage questions along the way.

Introduce an Allowance System

Providing an allowance will take the learning process up a notch. Giving your kid this responsibility early on can help them understand the importance of managing their finances. They should be able to pick up that awareness of how quickly one can run out of money.

Whether they do or don’t lose all of their cash, enlighten them about how important it is to use what they have wisely. Discuss what good saving habits and bad spending habits are so that they’re more aware of what to do with next month’s allowance.

Have Your Kids Work for Extra

If your kid happens to use up all of their money for toys or candies, give them a bit of leeway. Share how they can make money if they do a couple of chores for you. Use Kiddie Kredit to ensure that their activities and credit for cash are recorded.

Integrating the use of an app will be more convenient and innovative for your kids as they grow to be savvy regarding both technology and finances. Plus, they’ll be able to track their money a little bit better. Just guide and explain along the way when necessary. 

Shift the Lessons as They Grow

When the goal for your kid is to be cash-conscious until adulthood, the lessons can’t stop after a day. Molding their attitude can take several different approaches and teachings, so be sure to parent them through the entire process.

As they grow up, you can start encouraging your children and showcase new concepts that they might need to know about in the future. Differentiating needs and wants or the importance of setting a budget is something that they should learn more about growing up.


Following these steps should be able to kickstart the learning process about finances for your kid. Don’t be afraid to take baby steps, especially for kids aged ten and younger. Comprehension will be key for them to pick up these lessons, so avoid rushing them.

Looking for the best chore tracker app? Kiddie Kredit is a mobile app designed to help children learn about the credit system by completing chores. Download this app today!

John D Saunders

John D. Saunders is a Web Designer and Founder at 5Four Digital, CMO at Kiddie Kredit and an Automation Expert with a decade of experience building brands online. He's worked with clients including Audi, NAACP and Apps Without Code.