Teaching kids about money requires honesty and humility.
Kids learn to imitate our habits. So if we want our kids to grow up to be financially literate, we need to teach our kids great money habits by modeling them.
I make mistakes with money. Everyone does, and it’s ok to make mistakes. It’s when those mistakes become habits that it becomes a problem.
Here are the worst money habits you can teach your kids!

Budgeting without Kids: DON’T Skip This Valuable Time for Teaching Kids About Money
I really believe in having a strong budget, but if you aren’t sharing the process of budgeting with your kids, you are doing them a great disservice.
Great money management isn’t taught in school.
Strong money skills are comprised of everyday habits. They are simple, but you must be consistent in them.
Include them as they get older so they can see how much things really cost, how you prioritize purchases, and you save your money.
Not Teaching About Passive Income vs Active Income
Passive income is any income you don’t have to put much effort into on a daily basis. This can range from investments and savings accounts to real estate or owning a carwash or laundromat.
Active income is any income from employment or skills and services.
Passive income is an essential element to building a secure financial future because it creates revenue streams that require very little effort.
No Emergency Account
Creating a savings net to keep for emergencies is a huge mistake.
Teach your kids to sit on money by example. Not to mention it will take a lot of stress off you if you know an emergency won’t send you to the food pantry.
That we can have money that we have no particular use for other than it makes us more secure to have it.
Having the Wrong Mindset
Most people simply see money as a way to acquire things. That’s an oversimplification.
We really need to teach our kids to see money as security.
We need to teach them that money is a representation of your time and effort.
Money takes on much different importance when we see it as a part of ourselves that we toiled for. And double for when you see it as a protection, instead of an xBox or whatever.
Sound familiar?
Are you making these mistakes in your homeschool?
Fear not! Join me in my Facebook Group, Money Savvy Mommas, where we get raw with our money troubles. We celebrate our victories and learn from our mistakes. Together.