Learning how to manage money and make responsible decisions at an early age is important for the future of children. Even children as young as five years old can understand an allowance—making financial literacy lessons even more important.
Test your Parent IQ: take our quiz and ensure you have MoneySmart Youth.
1.) What percentage of parents talk to their children about personal finance?
2.) At what age do children determine if they are a saver or a spender?
A. First Grade
B. Fifth Grade
C. Eighth Grade
D. Tenth Grade
3.) What percentage of today’s teens admit to owing money to a friend or family member?
4.) What percentage of parents feel their children understand personal finance?
(Answers: 1. B, 2. B, 3. C, 4. A)
Financial education is critical to the foundation of a successful life. Busey’s MoneySmart Youth program, which consists of video lessons and interactive worksheets, gives children the foundation they need to build strong financial practices for generations to come.
Invest in your children’s future today with Busey. Visit busey.com for a broad range of financial tools, including educational resources and articles.