Raising Financially Fit Kids Ages 10 Through 12
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Raising Financially Fit Kids Ages 10 Through 12

Ages 10-12

In today’s highly digitized world, it’s important to show children, in a concrete way, that plastic cards and online shopping have real-money, real-life consequences. The "Money Concepts" and "Suggested Activities" below will help kickstart the learning process. 

Money Concepts *Suggested Activities
  • Demonstrate how to create a shopping list, seek out sales, and stay within budget.
  • Introduce the concept of banking.
  • Explain how online shopping uses real money, not play money.
  • Have your children help with the grocery shopping. Establish a budget, let them help with the list, and then make it a game to see whether your children can buy everything on the list without going over the budget.
  • Let your children help make the holiday shopping lists based on a budget for each gift. Encourage them to come up with low-cost or no-cost alternatives to regular gift buying.
  • Consider opening a children's savings account. Make regular deposits and withdrawals and discuss this process as a family. Together, review the account statement and discuss interest and fees.
  • Consider setting up a savings-matching plan for your child to help them achieve their goals faster.
  • Host a family game night with board games.
*Consider online options for these activities when appropriate.

Keep the conversation going and show this video to your child(ren).

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