When should you begin training your kids about money?

Training, in our view, should start when kids are young — by early elementary school age when money habits are already being formed. 

We encourage parents to think of their kids childhood years as a money apprenticeship. From pre-school until high school graduation, with parental guidance, children have a chance to practice using money with little risk. 

And with responsibility for making independent money decisions (with plenty of room for making mistakes), children can learn that money is just a tool — something to be understood, continually learned about and used wisely.

You do not have to be an expert to teach kids money skills and habits. Just start the dialog now! Making money visible in the household will go a long way to helping your kids build foundational skills and knowledge to be independent adults (someday)