Finances can seem like a big topic that isn't age-appropriate to talk about with kids. Although some parents might think that they are doing their kids a favor by shielding them from the scary, complicated, and intimidating world of economics until their child is older, they are actually doing their kids a disservice if they don't get them involved from a young age. According to the Consumer Protection Bureau and the President's Advisory Council on Financial Capability, you can begin building a strong financial foundation starting from the time your child goes to preschool. It's also important to continue introducing essential concepts that are fitting as they get older in order to raise financially responsible adults.
Instead of avoiding the topic, scroll through for a list of digestible yet essential principles that your child should master based on their school year.