How to Kickstart Your Little One’s Financial Education

No one can deny that parenthood is both fun and tiring. However, it is also one of the most rewarding experiences you will ever have. After all, who does not love seeing their little ones grow and learn?

When it comes to money, there is a lot that kids need to learn. From basic concepts like counting and addition to more complex ideas like savings and investing, kids need to have a strong foundation in financial literacy.

One way to help kids develop strong money skills is to introduce them to money early on. You can teach them about the various types of money, such as coins and bills, and how to count and use them. The question is, when should you start your child’s financial education?

It is best to start teaching your kids about money as soon as they are old enough to understand the concept. Teaching them as early as possible is best because your kids will be better equipped to manage their finances later in life.

There is no definite answer to when you should start teaching your kids about money. It depends on their age and maturity level. But, in general, you should begin their financial education when they are old enough to understand the concept.

Toddlers (2 to 4)

Some believe it is too early to teach their kids about money. However, the truth is, it is never too early to start instilling good financial habits in your children. You can instruct your toddler on the names of different coins and their values. It will help them understand the concept of money and how it works. 

With patience and creative thinking, you can help your child learn about finances enjoyably and interactively. You can teach your toddlers the names of coins innovatively and quickly. All you need are some coins, a whiteboard, and a blackboard.

There are a few things to keep in mind when teaching your toddler the names of coins:

  1. It is essential to use the proper terminology.
  2. Make sure you are using real coins rather than toy ones.
  3. Have some fun with it!

Older Kids (5 to 9)

Financial education can give them a bright future and is an excellent way to bond with your kids. By instilling good financial habits early on, you can set them up for success later in life. When teaching your kids about savings, it is essential to be innovative. You do not want to overwhelm them with information, but you also do not want to skimp on the details.

You can open a savings account for them at a local bank. It will allow them to start learning about how money works and how to save for their future. When you open the account, be sure to explain to your children how savings work.

You can explain how interest works and how the money in their account will grow over time. It will help your kids to understand the importance of saving for their future.


You can do a few key things to teach your young children about money intelligently:

  1. Start early and be consistent with your lessons.
  2. Use real-life examples to help your child understand the concept of money.
  3. Praise your child when they make smart money decisions.

You can also use the numerous educational apps from Kiddie Kredit to teach your little ones about money. We will be your partner in instilling essential financial knowledge in your kids. So, check our numerous apps and download them now!

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.