Pedrosa Wealth Management

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👨‍👩‍👧‍👦 Teaching Kids About Money: Start Early

Financial literacy isn't taught in most schools. That makes it YOUR job.

Age-appropriate lessons:

Ages 5-8:
• Money has value
• Saving vs. spending
• Needs vs. wants
• Earning through chores

Ages 9-12:
• Budgeting with allowance
• Compound interest basics
• Comparison shopping
• Charitable giving

Ages 13-18:
• First bank account
• Part-time job management
• Credit card basics
• Student loan reality
• Investment fundamentals

The best teaching method? Let them make small mistakes now rather than big ones later.

Give them real money to manage. Let them experience consequences. Guide, don't rescue.

Activities that work:
→ Grocery store math
→ Lemonade stand business
→ Savings jars (spend/save/give)
→ Family budget discussions

The financial habits you model matter more than the lessons you teach.

How are you teaching your kids about money?