
Helping children develop strong financial habits early in life sets them up for long-term success. Teaching kids about earning, saving and spending wisely ensures they grow into adults who can confidently manage their finances. When financial lessons are introduced gradually and consistently, children develop a sense of responsibility and independence that will serve them well into adulthood. Laura Casey, financial advisor and founder of New York-based Coastal Wealth Management, highlights small, hands-on experiences—like saving for a toy or budgeting their allowance—can lay the groundwork for more complex financial decisions later on.
The goal is to instill confidence so that as they grow, they feel prepared to navigate real-world financial challenges with ease. By making financial education a part of everyday life, parents can help kids see money as a tool rather than a source of stress.
Early Childhood: Laying the Foundation for Smart Money Habits
Understanding the Basics of Money… Read more