Kids & Money from 8-12yrs Old

• Kids will be more influenced by their peers at this age. They may be more aware of high-priced sneakers or jeans, and be more vocal in wanting these items.
  
• This is the perfect opportunity to help your kids write down some financial goals if they want to purchase a big-ticket item such as video equipment or designer clothes, and you can use this experience to focus on the act of saving.
  
• This may be a good time to show them the meaning of compound interest – get them excited about how fast their money can grow if they start putting some away today. Impress them either with numbers or a growth chart that visually shows them how much money they can accrue in a short time period.
  
• Have family meetings to talk about family finances (e.g., paying for the house, food, gas, vacations, etc.).
  
• Introduce lessons to make money (e.g., bake sale, lemonade sale, etc.). This may be the making of a young entrepreneur!