Money Talk

Parents have so much to worry about. Raising their kids to have bright futures and good lives while trying to keep them safe, help them learn, and let them enjoy life… phew. There’s a reason they say parenting is one of the toughest jobs in the world.

But while most parents are thinking about education, values, and safety, one thing can easily get left behind:


Kids are already learning about money two ways:

  1. Through imitation: watching how you and other adults spend money
  1. Through experience: constructing their own concepts of money

It might not seem all that important that your 7-year-old understands compound interest. And truthfully, at this point, it isn’t.

But your 7-year-old does need to start learning some money basics because, like many other habits in life, the way we understand money starts developing when we’re young.

And while blowing through a $20 allowance doesn’t seem like a big deal, money attitudes can stick, and one day your kid might be blowing through a $1,200 paycheck.

So how can we find out how our kids are spending their money? And how do we get money conversations started in the first place?

The first step is to make money knowledge a priority. Three things need to happen:

  1. Make sure your kids are aware of money. Do they think about how things like groceries, toys, and clothes are brought into the home? Do they understand that some things have more money value than other things?
  2. Start talking about money. You can start small, by doing things like counting coins together before you pay for something at the store or simply talk about the benefits of saving their allowance.
  3. Have them reflect on their spending. Talking to them about where their money went will help them understand the impact of spending, including the opportunities and limitations that come with it.

Introducing money conversations into your kid’s life doesn’t have to be hard. The important thing is that they start paying attention to and processing how money choices impact them.

Dojo is the perfect tool to help prepare your kids for a secure financial future. The Dojo app and debit card allows kids to visualize their savings goals, spending habits, and budgets while allowing parents to monitor kids’ spending and easily transfer or manage their kids’ funds. Dojo is fun, interactive, and full of ‘teachable moments’ to help kids learn about money even when parents aren’t around.

Sign up for the Dojo app now!

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