Teaching Kids About Money Builds Their Confidence

Confidence is one of the best gifts we can give our kids—it helps them take on challenges, set goals, and feel proud of themselves. But did you know that teaching kids about money can actually boost their confidence too?

When kids learn how money works, they’re not just understanding dollars and cents. They’re learning life skills like responsibility, goal-setting, and how to handle decisions. And trust me, it’s amazing to watch how these lessons empower them.

My Story:

The first time my 4-year-old went to Target and bought something he’d been eyeing for a long time, it was with the money he earned from walking our dog (we went with him, of course). He was so proud of himself!

On the way home, he told me he wanted to walk our neighbor’s dog too and make even more money. That moment showed me something powerful—he wasn’t just learning how to earn money; he was building confidence and understanding that opportunities to make money are everywhere if you look for them.

Needless to say, I was quite proud.

Here’s how learning about money can make a huge difference in your child’s confidence:

They Feel Proud of Their Efforts: When kids see that their hard work pays off—literally!—it gives them a sense of pride and accomplishment. Whether it’s earning a few dollars for chores or saving up for a toy, they realize they’re capable of achieving goals.

Start small. Let your kids earn money for simple tasks and encourage them to spend or save it for something they really want.

They Learn How to Set and Achieve Goals: Teaching kids to save for something helps them understand patience and planning. When they finally reach their goal, it’s a big confidence booster.

They Feel Independent and Responsible: Giving kids the chance to handle their own money makes them feel independent. Even small decisions, like choosing to spend or save, help them feel in control.

They See Opportunities Everywhere: Once kids understand how money works, they start looking for ways to earn it. This shift in mindset is so empowering.