The Federal Reserve Bank of Kansas City Educates Children on the Importance of Saving. It’s essential that parents rear smart spenders, who know the importance of saving money and budgeting. Only, how can parents be certain their children make smart money choices, even when they’re away from their parent’s watchful eyes? Should kids have student credit cards or perhaps share a bank account with their parents for adult monitoring? Read on for access to Financial Fables, credit cards without fees, and other great advice. Many schools don’t teach this. I wish I had it when I was in school.

It Takes a Village

• What about when children are at school and the opportunity to splurge arises and they’re faced with peer pressure and the realities of instant gratification? The answer is that it takes a village to rear smart spenders. Everyone in a child’s life needs to be on-board with money education and savings training. It seems that Kansas City elementary students are getting a money-wise education parents can be happy about.

A Tool For Parents and Teachers

• The Federal Reserve Bank of Kansas City has enacted an educational program designed to provide teachers with the tools they need to teach children personal finance. Parents can begin these teachings at home, but without the help of the school, students may begin to falter. With the Federal Reserve’s help and the help of teachers, parents in Kansas City can rest easy knowing their kids are getting a smart financial education.

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