“Train up a child in the way he should go; even when he is old he will not depart from it.” - Proverbs 22:6
As parents, we often wonder when to begin teaching our kids about money. The simple answer? It’s never too early. In fact, a study by Purdue University found that most of our lifelong money habits are formed by the age of seven. That’s a sobering realization—but also a hopeful one. Because with intentionality and biblical wisdom, we can help our children become faithful stewards from an early age.
Here’s how to begin—step by step.
Ages 3–5: Needs, Wants, and Worship
Even toddlers can begin to understand the basics of money. Start by teaching the difference between needs and wants. A home, food, and clothing? Those are needs. But that cereal with a cartoon character? That’s a want—and a perfect conversation starter.
As you shop, ask your child to name which items fall into which category. Then take the opportunity to remind them: God provides all our needs and blesses us with more than we deserve.
Begin using the three-jar method—one for spending, one for saving, and one for giving. When your child receives birthday money or a small allowance, help them divide it equally. Let them drop their “giving” portion into the offering plate each week. It’s a simple but powerful way to connect generosity with worship.
Ages 6–10: Responsibility and Short-Term Goals
At this stage, kids are ready to take on more responsibility. Assign small chores tied to a modest allowance. If they complete the job, they earn the money. If not, the allowance waits. It’s a simple lesson in accountability and work ethic.
If they want something beyond their current funds, help them create a short-term savings plan. Use sticker charts or visual trackers to make progress fun and tangible.
Give your child a few dollars and let them plan how to spend it on snacks for the week. This is a great way to teach a foundational principle from financial teacher Ron Blue:
“You always have more choices than money.”
Encourage your child to give regularly to causes they care about. Ask why they want to give—and help them understand how giving reflects God’s heart.
Ages 11–15: Bigger Goals, Delayed Gratification
Now your child may be babysitting, mowing lawns, or doing small jobs for neighbors. It’s the perfect time to talk about larger savings goals—maybe a new bike or a camp trip.
Consider opening a custodial savings account or using a kid-friendly money app. Walk through monthly statements together and celebrate milestones. Let them make decisions (and occasional mistakes) while you’re close by to guide them.
If they want to buy something online, encourage them to wait a few days, compare options, and pray before making a purchase. The lesson is clear: patience often leads to better decisions.
Ages 16–18: Real-World Practice and Investing Basics
Teenagers who are working part-time jobs are ready for more advanced money management.
Help them set up a formal budget with real income and categories for saving, spending, and giving. This is also a good time to introduce matching incentives: If they save $500, you match it, just like an employer’s 401(k) might.
Let them research a company and buy a fractional share through a custodial brokerage account. If they have earned income, consider opening a Roth IRA to model long-term investing.
Remind them: Markets go up and down, but faithful stewardship builds wealth over time.
The Ultimate Goal: A Faithful Steward
Reinforce this truth: Their worth isn’t tied to their net worth. All we have is a gift from God to be managed for His glory, not our own.
No matter your child’s age, the goal remains th
