TPC Gold | How We Teach Our Kids About Money—Saving, Spending & More!

Introducing Money Concepts Early

Teaching children about money should start at a young age with simple concepts. For preschoolers, parents can use play money or role-playing games, like Monopoly, to illustrate that money is required to make purchases and does not come from nowhere. When children reach school age, discussions can evolve to include more advanced topics, such as the idea of trading time for money, where parents explain how their work contributes to earning money for family needs. This progression allows children to slowly grasp fundamental financial principles and prepares them for more complex discussions as they grow.