Talking with Kids About Budgeting

Inflation is high right now, and a lot of people are feeling it. No matter what finances look like for you right now, it's never too early to start talking with young people about financial wellness and money habits. This article from the Child Mind Institute gives great insight on how guardians and families can talk to young people about money and help them develop healthy habits. Check it out for ways to support kids of all ages in feeling comfortable talking about money, learning to budget and save and setting themselves up for success in their future. 

Other caring adults in young people's lives can have money conversations, too, so don't shy away from the topic if young people ask! Be there as a source of information if young people have questions and share about your own financial experiences, too, if you feel comfortable. It can be beneficial for young people to learn from different people in various financial situations about how they budget, save and prioritize money management. 

Money can be a frustrating and stressful topic. Be patient with young people! They will make mistakes just like adults. Use those moments as a way to learn and grow together.