5 Essential Money Lessons Every Kid Should Learn Early

And how to start building their financial future today As parents, we teach kids to say “please” and “thank you” - but do we teach them how to save, spend, or plan for their future? A recent article from Eastspring Investments outlined 20 smart money lessons for kids. We’ve pulled five that stand out the most for today’s digital world - and added a simple way to put them into action.

1. Needs vs. Wants

Before your child understands budgets, they need to recognize priorities. New sneakers might be fun - but groceries, rent, and gas come first. Try this: When shopping, talk through what’s essential and what’s extra. This creates a habit of thoughtful spending.

2. Saving First

Teaching kids to save a portion of every gift, allowance, or earnings builds long-term thinking. Try this: Use the 3-jar method (Spend, Save, Share) - or better yet, move savings into a custodial account where it can grow.

3. Understanding Digital Money

Swiping a card or tapping a phone can make money feel unlimited. Help kids understand that invisible money is still real money. Try this: Narrate your digital transactions. “We just spent $72 on groceries. That comes out of our weekly budget.”

4. Why Investing Matters

Saving is important - but teaching kids how money can grow is a game-changer. Try this: A custodial investment account, like a UNest UTMA, allows parents to invest on a child’s behalf for long-term goals.

5. It’s Never Too Early

Money habits start young - and the earlier your child learns, the more confident they’ll be later. Try this: Automate a small monthly contribution to your child’s account. Even $10–$25/month can create real opportunity over time.

Wrap-Up

Raising financially savvy kids starts with small conversations - and small actions. A consistent saving and investing habit, supported by tools like UNest, helps make those lessons stick. Start your child’s account today