Making Money Instructions Guide for Parents – Teaching Kids to be Money-Smart

making-money-instructionsIn today’s world, which is plagued with a sluggish economy and unemployment rates in the double digits, it is more important than ever to provide making money instructions to our children. If you are reading this guide, it is very likely that you, at some point in your adult life, have experienced some degree of financial trouble and want your children to avoid the hardships that often come with these complications. It is a known fact that kids who learn financial lessons early in life fare exceptionally well during tough periods in their life. Financial values and positive financial habits should be imparted to kids. While it is true that most kids will receive some type of making money instructions during the course of their academic career, they will learn more from their parents, according to save money news and studies. In this making money instructions guide for parents, you will learn a few tips on how to teach your kids to be money-smart!

Talk About Money Early and Often

The very first step in this making money instructions guide is to talk about money early in the life of your child, and often! The most productive way to initiate the conversation is to explain to your child why you must go to work each day. That is, you must make the money that the family needs to survive. Children must know and understand that all of the items that they use and consume each day costs money and that it is your responsibility to make that money by going to work. Not only do you have your job, but, it is because it is also your job to make sure your family has everything that they need and that all that is needed must be paid for through working. In addition to talking about money, you should encourage them to take part by working for the money that they obtain. Then, provide them with three banks – one for giving, one for spending, and one for saving. You should expound on all three of these concepts on a consistent basis.

Involve Children in Shopping

The next step in this making money instructions guide to creating money-smart kids is to involve your kids in shopping. Most of the time, children have to go to the market with their parents. It is not at all uncommon to hear a child in a grocery store to constantly ask for items that they see and to hear a tired parent consistently saying, “no”. Instead of wasting time at the store in this endless feat, involve your child! Help them to understand how much is available to spend, what is needed in the home, and have them help you attempt to stay within budget and spend as little as possible. This is a wonderful way to teach kids the value of a dollar.

Avoid Bail Outs

The third and final step in this making money instructions guide for parents is to avoid engaging in bail outs. According to save money news and studies, kids are prone to making financial mistakes – much like adults. However, as adults, we must allow our kids to make those mistakes and learn from them. For example, if your child is saving for a large purchase and elects to spend some of the money that they have saved, you should not give them the money to replace it. Instead, make them continue saving. Additionally, if your child wants to make money, make them earn it. Do not give them any money. Handouts are counterproductive when it comes to teaching kids about finances.


In this making money instructions guide, you have been introduced to three very positive and productive tips that will teach your kids to be money-smart. These tips include talking about money early and often, involving your kids in the family shopping, and avoiding bailouts. If you follow these strategies, you are sure to find that your child learns to value a dollar. While it may not always be easy teaching your kids about finances, it is a productive endeavor that is sure to have a positive impact on their lives. Follow these making money instructions today and your child will enjoy many bright and lucrative tomorrows as an adult!

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