Here’s the truth: most schools still don’t teach kids how money actually works.
They can memorize equations but freeze when it’s time to budget, save, or invest.
That’s where parents come in.
And no — you don’t need to be a financial expert to teach your kids about money.
You just need small, consistent lessons that connect to real life.
🏦 The Power of the Allowance System
An allowance isn’t just about giving money — it’s about teaching responsibility.
When a child earns, saves, and decides what to spend on, they’re learning life-long habits that shape confidence and independence.
Try this simple framework (used in the From Allowance to Assets course):
- 50% Save – for big goals (toys, games, tech)
- 40% Spend – for small pleasures or personal choices
- 10% Give – for generosity and awareness
When kids see that every dollar has a purpose, they stop viewing money as something that just “comes and goes.”
đź’ˇ Real-Life Lesson: The Chore-to-Savings System
Everyday chores can become mini money lessons.
For example (pay what you want):
- $2 for washing the car = understanding value for effort.
- $5 saved for two weeks = patience rewarded.
In the course, you’ll find printable trackers “like chore earnings tracker” to help families track earnings, savings, and goals together.
Pro tip: Let kids choose one “investment goal” — a toy, book, or game — and watch how fast they learn delayed gratification.
👨‍👩‍👧 Money Talks That Actually Work
If talking about money feels awkward, keep it simple:
- “What’s one thing you’d like to save for this month?”
- “Do you want your money to work for you, or just disappear?”
Small, curious questions lead to big understanding — and they open the door for deeper conversations about income, interest, and even investing later on.
đź’¬ The Long-Term Goal: Financial Independence by 18
Imagine if every teen entered adulthood knowing:
- How to read a paycheck
- How to track expenses
- How to invest a portion of their earnings
- And how to plan ahead without fear
That’s what the From Allowance to Assets course was created to teach — practical, real-world money habits that stick for life.
It’s not about making your child rich.
It’s about making them ready.
🪙 Final Thought
Every dollar you teach your child to manage is one less dollar they’ll waste in adulthood.
Financial confidence isn’t built overnight — it’s built through small, repeatable lessons that feel real and achievable.
Start small. Stay consistent.
Watch your child go from allowance to assets — one week at a time. Get free templates here.