When it comes to financial skills, the earlier the lessons begin, the stronger the foundation. Teaching children and teens how to manage money not only prepares them for adulthood but also builds confidence and responsibility along the way.

Talking about money at home gives young people the chance to practice skills they’ll use for life – saving, spending wisely, and setting goals. Without these conversations, they may learn by trial and error, which can be costly. With guidance, however, they can step into adulthood ready to make smart choices.

Use everyday opportunities. A trip to the grocery store, earning an allowance, or planning for a family outing are simple ways to show how money works in real life.

Encourage saving. Whether it’s a piggy bank, a jar, or their first savings account, setting money aside for the future teaches patience and planning.

Set short-term goals. Help your child decide on something they’d like to save for, then talk through how long it will take to reach that goal.

Model healthy habits. Kids notice how adults spend and save. Sharing your own decision-making process – like choosing to save for a vacation instead of making an impulse purchase – makes the lesson real.

Gradually increase responsibility. As children become teens, introduce more complex topics such as budgeting, credit, or the value of comparison shopping.

The FDIC offers a free program called Money Smart for Young People. With age-appropriate activities and interactive tools, it’s a fun way for kids and teens to learn how to make confident financial decisions.

Teaching kids about money isn’t just about dollars and cents – it’s about preparing them for independence, helping them set goals, and giving them confidence in the choices they’ll make as adults. At M C Bank, we believe financial education strengthens families and communities. As a Louisiana community bank, we’re proud to encourage conversations that empower the next generation to grow, plan, and succeed.

Member FDIC. Equal Housing Lender.