How to Teach Kids About Money
Let’s be honest, kids today can operate an iPad before they can tie their shoes. But when it comes to managing money? That’s a whole different skill set. And that’s where WyHy Youth Month comes in.
We believe financial literacy should start early, not just because it's smart, but because it sets kids up for a lifetime of better decisions (and fewer calls to you asking, “What’s a credit score?” at age 27).
Here are a few simple, real-life ways to start teaching your kids about money right now:
1. Make Saving Tangible
Give them a jar, envelope, or their very own WyHy Youth Savings Account. When they can see their money grow, saving becomes more rewarding and way more fun.
2. Tie Money to Effort
Allowance is great, but chores = power moves. Connecting earning with effort teaches kids the value of money. Washing the dog or cleaning their room? That’s cash-in-hand training.
3. Talk About Wants vs. Needs
Shopping trips are the ultimate classroom. Have them help you spot the difference between something you want (fuzzy llama slippers) and something you need (toilet paper). Spoiler: They’ll be surprised.
4. Set a Goal
Is your child dreaming of a bike? A new game? Help them save up for it. Create a chart, sticker system, or track progress in their WyHy account. Watching their savings build toward a real goal = motivation unlocked.
5. Make It Fun
That’s where Youth Month shines. With WyHy Bucks, a Coloring Contest, and even matched savings through our 15-Month SmartSaver Certificate, your child can turn learning into winning... literally.
Talking about money doesn't have to be awkward. It can be empowering, exciting, and even a little fun, especially when you start early and keep it simple.
Let’s raise a generation of savvy savers, thoughtful spenders, and future financial rockstars.
We’re with you every step of the way.