Ages 3-5:

While playing “shop” with Lucy, her mother gives her pretend money and talks about their value, saying, “Some things cost more money than others. That’s why it’s important to think carefully about what we buy.”

Ages 6-8:

Phillip gets a small weekly allowance for simple chores. His mom encourages him to save it in his piggy bank, saying, “When we save a little bit of our money every time, it can become a big amount in the future!” Phillip learns the importance of saving money.

Ages 9-11:

Jane starts earning an allowance. Her parents guide her to divide it into three jars labeled ‘Spend,’ ‘Save,’ and ‘Share.’ They explain, “It’s important to manage our money so we can buy what we need, save for what we want, and help others too.”

Ages 12-14:

John is given a budget for his back-to-school shopping. His father guides him, saying, “Learn to prioritize your needs over your wants and to look for the best deals, which can help you manage your budget effectively.”

Ages 15-18:

Sarah is thinking about buying her first car. Her parents sit her down and discuss the importance of considering the additional ongoing expenses, like fuel costs, insurance, and maintenance. They teach her about the importance of budgeting and planning for both immediate costs and future expenses.