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Adulting 101: 4 tips to teach your kids financial smarts

Spark your child’s financial curiosity with help from United Texas Credit Union.

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a man and a girl sit at a table in a coffeeshop

Teaching your children how to be financially independent will help smooth the transition into adulthood.

Photo provided by United Texas Credit Union

Table of Contents

It’s never too late to plant a seed in your child’s financial garden. Here’s how to help your kids become financially independent adults, according to the experts at United Texas Credit Union:

1. Start with basic budgeting

Introduce your young children to the concept of earning money and spending it mindfully — and build upon that knowledge as they grow.

2. Go halfsies

You might give your child what they want more often than you’d like. A great way to compromise — while also teaching them a financial lesson — is to have them pay half.

3. Teach them about credit cards

Swiping your card often around your child? Instead of keeping the magical piece of plastic a mystery, show them your credit card bill + talk about how you need to pay for all those expenses you swiped.

4. Open a youth account

Experience is the best teacher. Giving kids their own account is a simple way to teach them how to manage their money.

Learn more.

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