Young children (Grades 3 to 5)

Pre-K to 2

3 to 5

6 to 8

9 to 12

High School

Growth Chart

Young children are ready to develop financial habits and learn behavior norms through everyday activities. As the biggest influence in their lives, you can model and encourage good financial behavior.

Lead by example. Share your values and interactions with money. Trips to the bank or the grocery store can be occasions for learning. Show them how an ATM works. Explain your grocery purchase decisions. When it's time to pay bills, explain late penalties and why it's important to pay bills on time.

Teach through experience. Start with an allowance--perhaps for completing a list of chores. Then:

  • Get them thinking about goals.
    Have conversations about "needs" and "wants," and the idea of paying yourself first: saving for their goals versus paying someone else for stuff today. Let kids make small decisions about their money, and introduce the idea of making plans for spending and saving. Set goals--perhaps by dividing allowance into money for spending now, for short-term goals (a game, a toy, even charity), and for long-term goals (a bike or car).
  • Put compounding power in their hands.
    Amaze kids with the facts about compound interest: What's better: $1,000 every hour for a month, or one penny doubled every day for a month? (The penny, which becomes $5,368,709.12 versus $720,000.00 for the $1,000)

    Then let them experience compounding by opening a bank savings, investment, or college funding account and watching their money grow over time.

For more information, see Consumer Financial Protection Bureau’s (CFPB): For your child during middle childhood

Related Information


*This content has been compiled from various sources of information.


Find Branch & ATM

Get locations, hours, directions, and available services for branches and ATMs near you.