#248 – Money Skills for Kids Ages 5-8

With my son, Liam, about to start kindergarten, I’ve been thinking a lot about how to introduce him to money in a way that makes sense for his age. I’ve started with simple things like using tooth fairy money and playing with a toy cash register, which has been a fun way to help him grasp basic concepts.

I’m also exploring ideas like setting up spending, saving, and giving jars, and finding ways to weave money conversations into our everyday life.

If you’re curious about how to get your kids started with understanding money, or if you’re just looking for some new ideas, join me in this episode. Let’s make learning about money a fun and natural part of our kids’ lives!

Anna's Takeaways:

• Teaching Financial Literacy To Young Children (00:01)
• Teaching Money Management Through Play & Real-Life Experiences (05:39)
• Money Management Family Meetings (11:01)
• Allowance, Setting Goals & Money Jars (15:07)

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Links mentioned in this episode

Book - Raising Financially Fit Kids by Joline Godfrey,

Cash Register- https://amzn.to/3Ak8GfE

Kids Wallets - https://amzn.to/3AobiZN

3 Jars - https://amzn.to/3M2aVH5

Kid’s Monopoly Game - https://amzn.to/4dEYyfN

1. FREE GUIDE- Kid Money Boss: School isn’t teaching my son about Money. It’s up to us Parents. Here are 9 tools I am using to team my son, everything I never learned as a kid.