Kids and Money: Important Financial Lessons to Teach Kids

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Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. In the third week of Financial Literacy Month, we were thrilled to support this initiative and help increase financial literacy with our weekly #CreditChats. This week, we discussed important financial lessons to teach kids.

The panel included: Tracie Miller Nobles: CPA, Associate Professor at Austin Community College and member of the AICPA’s National CPA Financial Literacy CommissionMelody Bell: Founder and CEO of Financial BeginningsShannon McNay: Personal Finance Freelance Writer; Rod Griffin: Director of Public Education at Experian; and Christina Roman: Social Media Specialist at Experian.

View the complete tweetchat via Storify:

We also featured financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: Why is it important to talk to kids about money?
  • Q2: When should you start to talk to kids about money?
  • Q3: What are some important money lessons to teach kids?
  • Q4: What are practical ways to teach kids about money?
  • Q5: How can we teach kids the difference between needs and wants?
  • Q6: What lessons should parents teach their kids about credit cards?
  • Q7: How can parents teach kids about the importance of saving and charitable giving?
  • Q8: How should financial conversations evolve as kids get older?
  • Q9: How can parents turn their children’s financial mistakes into teachable moments?
  • Q10: How can parents who are struggling with their finances teach their kids good money habits?
  • Q11: What is the best/most influential financial lesson you learned as a child?

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If you’ve never heard about #CreditChat, here is a brief overview:

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