Penny’s Tips for Teaching Kids Financial Responsibility


Too many children and teenagers are not taught the importance of spending and saving. Educating your children about finances plays a critical role in forming a healthy attitude towards money as they grow into adults. Remember, it’s never too early to start teaching kids about money. Good skills, that are learned at an early age, can have a lasting impact on the rest of your child’s life. 

Penny has put together a list of her favorite money saving books that you can check out from your local library:

Ages 3 to 5 – Amelia Bedelia Means Business by Herman Parish

Ages 4 to 8 – Little Critter: Just Saving My Money by Mercer Mayer

Ages 6 to 10 – Bunny Money by Rosemary Wells



In fact, this is one of the most important areas where you can truly change the course of your child’s life. By educating your children about finances you are setting them up for long-term success.  Financial literacy for kids can also be a fun activity for your family.

By reading my favorite books to your children now, you are helping to instill good financial responsibility and they’ll be ready to graduate to our Dollars and Sense program when they reach the age of 12. This program is designed for students ages 12 to 23 and gives them more FREEDOM with their account! They can open a checking account and also have access to a VISA debit card! Parents can stay on the account to help guide their children through the learning process of using the account.

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