From time to time, we get questions at Legacy about how to teach young children about money. Believe it or not, our children are watching and absorbing information about finances all the time by watching YOU! Each time your young child sees you spend money or use the ATM, she is building an understanding of what money is. You can guide that understanding with simple activities about making good choices; what has value; and spending, sharing, and saving. Encourage them to set a goal to save up to buy a toy they are asking you to buy. This helps teach them about delayed gratification as well as financial discipline. And of course it is never too early to introduce the concepts that God owns it, God provides it and we simply steward it. Over time you'll see that, through everyday conversations and fun, you can help your child grow up to make good financial decisions. Please feel free to contact us for some specific book recommendations for your child’s age and stage.