Teaching Finances to Kids

“Children who reach the age of eighteen with their entire skills set composed on Nintendo and eating Doritos have been neglected. Their parents neglected to give them the character traits necessary to live successfully.”
-Dave Ramsey


I received a recent email from a gentleman named Will.  He suggested covering the topic of how to teach proper financing to your kids.  This is a topic that I’m not sure ever being discussed on any other Manosphere sites I’ve frequented so let’s dig in!

For this discussion, we’re going to cover the four financial allocations your money goes (or in this case, your kid’s) and the importance of each.  We will also discuss how to go about teaching your kids why they should control their finances, even at an early age.

Finance Management

Teaching basic finances to a small child is a tough task because it contains many aspects that are foreign to them.  Retirement? Mortgages? Emergency funds? What about the Barbie dolls and ice cream funds?  Like many other topics, you will need to simplify these issues to something they can grasp.

This is an excellent time to teach them some lifelong lessons such as delayed gratification and opportunity costs, even if you don’t use those terms.  The earlier you can start teaching your kids about finances and budgeting, the better.  If they’re old enough to know basic addition and subtraction, they’re old enough to begin learning the basics.


This will be one of the fields that will be most boring for kids.  Why have a piggy bank full of money that you’re not going to spend???

You should explain to your child that there might come a time that they may need to have a lot of money for a big purchase.  If they’re still very young, don’t scare them with the discussion of why you need an emergency fund, but you should begin instilling the idea that it’s wise to save money.  One day they will want to buy a car, a house, or a mega-deluxe, 10,000 piece Lego set.

The next step is determining how much they should save.  I follow the Dave Ramsey approach and suggest at least 10% of their income, or in this case, allowance.  While they are still young and aren’t obligated to pay bills, taxes, etc., you should encourage them to save well above that amount.


For some kids, the thought of investing will pique their interest.  Like savings, keep it simple.  You don’t need to explain 401Ks, Roth IRAs, and compounded interest.  Rather, explain that they can put their money in the bank, who will loan that money out to others, that will eventually pay it back with an additional “reward.”  For young kids, something simple and relatively liquid like a CD is a safe bet.  Again, since they are young, encourage them to invest a large amount as this can REALLY add up by the time they are 18 years old.


While saving and investing is prudent, you should also encourage your kid to spend some of their hard-earned money.  It’s all about balance.  They should understand that money is both for serious matters, but also for fun!  If they aren’t having any fun with the money they’re earning, they’re going to view finances as something boring or unpleasant.  If doing a budget is a source of pain instead of excited anticipation, they won’t do it when they’re young and they certainly won’t do it when they grow up.


This last section to teach your kids about is all about keeping things in perspective.  Let’s be real.  Kid’s love to throw fits about anything that doesn’t go their way.  Teaching them why it’s important to give to a charity and getting them involved in that charity through some hands-on project will help show them just how good they have it.

Let’s take an annual charity our church does each Christmas.  Every December, my church puts up a Christmas tree and hangs little index cards with lists on them.  Typically, the items are school supplies, small toys, and clothes.  These items go to kids in the community that can’t afford these items and would have to otherwise go without.  A good project we will be doing with my kids this year is to have each of them choose a card and then take them out to by the items on the list while explaining why we’re buying them.

Your children shouldn’t take their situation for granted.  They should be thankful they have parents that are able to provide for them.  This helps create empathy for others.  It’s easy to complain about not having the newest video game system until you realize that there’s a kid 3 miles down the road who isn’t even getting presents for Christmas or is wearing shoes so old that the soles have holes in them.

Next Steps

Take some time to sit down with your kid and teach him or her the importance of tracking where their money is going.  Help them create a budget.  Give them some envelopes and label them as Savings, Investing, Spending, and Charity.  Whenever they receive some money, whether it be their allowance or birthday money, help them split it among the envelopes.  Encourage them to remain disciplined and remain patient when they can’t control their impulses.  Consistency and diligence, like many other topics, are key.

When they get older, I would highly recommend getting them into a finances course like Dave Ramsey’s Financial Peace University or something similar.  There are many options out there, but I can tell you from personal experience that Dave Ramsey’s course is both informational and entertaining.

Finally, let them see how you and your wife handle your finances as well.  This is not only leading from the front, but it teaches them how to properly budget when there’s a second person involved in the decision making process.

Thank you, Will for the suggestion.  If any other men out there have suggestions for topics to cover in future posts, please email them to me and I will be happy to discuss them.

Author: Jak

Jak, married and father of three, seeks to help the Red-Pill Community take its next step past the petty cynicism and ineffectual anger. While he recognizes that men are significantly handicapped by the modern legal system and culture, he doesn't accept that traditional marriage is untenable in today's social climate. Rather, men must be willing to adapt to this new world by implementing new tactics and approaches to maintaining a balance of power. Jak is here to provide you with these lessons.

76 thoughts on “Teaching Finances to Kids”

  1. opening up my piggy bank to get that cash out to buy my sweet mongoose dirt bike was the greatest day of my life. scumbag stole it about two years later, I left it unchained outside the comic book store

      1. Ahhh the good old days where some rambunctious youths could TP a house and the only thing said about it would be “those durn kids.” Nowadays I wouldn’t be surprised if someone called the cops on them and swat showed up. Too many people take life too seriously.

        A few of my friends and our old youth counselor who lived a few houses down from me had an ongoing war. We’d TP his house, he’d retaliate. One morning, my friends and I woke up to find that he had dumped water all over our cars and it had frozen overnight, leaving us with large ice cubes. Good times.

      1. you still have it? watch out for the peg on the back left wheel- always breaking off

  2. “Teaching them why it’s important to give to a charity and getting them involved in that charity through some hands-on project will help show them just how good they have it.”

    No. Charities are usually ran by people who loathe me and my kind while padding their accounts with received donations if not out right embezzliing the funds (eg. United Way). Go do some charity work and see the welfare collecting reprobates laugh at you while you paint their house in the heat.

    If you want to give, do some thorough fact checking where the funds go and what tangible results they can point too.

    1. I am apt to agree. We only give to small, local charities where we know our contributions are going directly to the people in need and not being filtered through a large corporation disguised as a charity.
      Btw, I loathe United Way.

            1. they are united…so much so, they just got deliberately transmitting hiv to another person(including blood donations) knocked down from a felony to a misdemeanor- Cali is crazy…

    2. Certainly part of this is steering them through the minefield of bogus charities. Keeping it local is a good start, such as the the churchey example the author cites.
      And “hands-on” charity activity is always a good idea; lets people put their money where their mouth is, as it were.

      1. I was invited to an interview by an international charity once (G-d knows why) and after reveiwing my professional background, they started digging into my past. It was apparent after it was revealed I served in the US military that I was not going to get the contract as one of the pansy-ass-trust-fund-directors stood up and walked out. My smirking at him on the way out didn’t help.

          1. Bingo. Both were effeminate man-boys wearing up market labels and using all the PC buzz words, so they sensed I had “hostile work environment” written all over me.

            1. Right on, brother. Every time I those wanky buzzwords, some poor snotnosetittysukkinassmunchinnobbobbing mangina, etc. ends up with PTSD…

              1. Didn’t some former predisent say something about “getting in their faces?” No problem and I will bring the heat. They shouldn’t start culture wars they have no intention, or means, of winning.

          1. Optics Bob. Optics.

            Beating a charity director in his own boardroom and then getting arrested would have scared other prospects away plus got me thrown out of the country.

    3. You could always find a local cultural organization. We have many in my area. Irish, Scottish, German,French etc .
      groups that work to preserve heritage for future generations.

  3. I am UnReconstructedConfederate and I approve this message.
    Excellent advice.

    With the state of various charities these days it’s hard to know who to give to. A couple of good ones- Ronald McDonald House, they provide a place for the families of sick children to stay while the child is admitted into the hospital for extended stays. I stayed at the RMH for a few days one time and can’t say enough good things about it.
    Samaritans Purse- they collect gifts and give them to children all over the world at Christmas. You can send a gift box directly to them for distribution so you don’t even have to send them money if you would rather.
    I never gave it much thought until a few years ago when I heard a young man on the radio who had received a gift box years before when he was living in an orphanage in Russia. The guy went into detail about getting the box and among other things it had a washcloth and a tube of toothpaste in it. He said he had never seen toothpaste before and since it was orange flavored he thought it was some kind of candy and ate it all. There were 50 kids in the orphanage and they all shared one washcloth he said it was a life changing experience to have one of his own that he didn’t have to share.
    Ever since then I give a box at Christmas, sometimes you just have to stop for minute to realize how well you have it and how shitty others have it and that such a small contribution that’s pocket change to us can be a life changing event for others.

    1. The best gift you can give is a red pill mindstate. Preach it from the rooftops. Giving a thumbs up and high five to the dad along with some cutting edge red pill chat to a western family where the woman is breeding and tittie feeding is worth two or three bucks at least.

  4. I follow the Dave Ramsey approach and suggest at least 10% of their income, or in this case, allowance.

    What is a good allowance nowadays?

    My recollection is getting a dollar a week. We didn’t have iPhones when I was a kid, but I note that those have become a thing, and the newest model costs about $1000, give or take.

    So assuming $1/week at a 100% savings rate, it’ll take 19 years for junior to save up for that iPhone. And you just know that in the intervening years, Apple is more than likely going to release even more expensive phones…

    1. your kid’s allowance should track the CPI- if that doesnt blow a 6 yr old’s mind, nothing will…good pt about the iphone tho, anything beyond basics like comics and candy will still have to be provided by the parents…girls will always have shady ways of making quick cash like instagram or chaturbate, but boys will be SOL…

          1. you run your family like that? wash the car? $1. change the cat litter? $1. sounds like a commie scam to me!

    2. A dollar a week? I guess a dollar went a lot further back then, that was probably enough to put new shoes put on your plow mule and have change left.

      1. A nickel will buy you a steak and kidney pie, a cup of coffee, a slice of cheesecake and a newsreel. With enough change left over to ride the trolley from Battery Park to the polo grounds.

        1. Y’all had it bad, walking uphill to school barefooted in the snow and the trip back home was uphill too.

  5. I didn’t really have someone to teach me that stuff when I was a kid, but I picked up a lot of it by instinct and the rest by experience. I bought my first car myself, and it was a piece of shit that I paid too much for. Luckily I wrecked it within a couple years and insurance paid it off. By then I was making better money, bought a much better car, and paid it off within a year. By then I knew financing was the devil. Heh heh

    If or when I have kids, they are sure as shit going to learn early.

  6. Out of curiosity, have visited the ((other website)) today.
    An article on why rich women are hypocrites, another one on an instagram “model” and (who would have thought) an article on how to pick up Ukrainian women.
    Roosh seems to be the first one to comment on each and every ROK article now. This part makes sense since most sensible commenters were banned from that side or simply moved to this site anyway.
    Checking RO once in a months may till be a good idea. However, the quality and relevance of the articles plus the discussion foregrounding them seem to be on an all-time low.

    1. I still visit there, mostly for the articles of Beau Albrecht, Jean Batave (when he is talking about martial arts or politics), and the Luke Stranahan. The funny thing is that nowadays even the ones from Beau are getting weak…..

      The discussion there is basically dead, and even the number of comments is low.

      1. Still haven’t heard Roosh’s voice in person since Aug – as in podcast form. His picture monacre and typed text communications are current with new articles but no hard proof it’s really Roosh. I’m presuming he corresponds to submitting authors in text form as well. I don’t know if he’s in Poland either. If he’s in Maryland, I once postulated it was possible Antifas managed to tie him to a chair. Antifas/SJWs are an eternal nemesis of this community. Perhaps read the articles looking for coded messages. The establishment certainly won’t help a dissident. Other than that, I know I will never look to the establishment for help since they tried a whack job on me after I walked out of a family court years ago and swore to expose them all. I dealt thereafter with a clusterfuck of goons at all hours of the day and night poking around my place. I was alone, on my own but I thought if only I had a community of support, we could catch one of the goons and squeeze them for the bigger picture – wring some info. Really every political party machine is nothing more than a bunch of goons and mobsters if you only test their hubris. The system across the board really needs to lay off attacking the western man of the house. The threshold of pissedoffedness with a majority of western men is already far surpassed. But aside I still have a sneaky suspicion that Roosh’s free movement and speech may be somehow limited or curtailed. I would hope it’s not antifas. A simple live podcast would quickly disprove that possibility. Likewise I’ve dealt with system maggots. Antifas on the other hand are totally illegit. I could only imagine dealing with them like a zombie apocalypse.

        1. “… since they tried a whack job on me after I walked out of a family court years ago and swore to expose them all…”

          As a defendant/man?
          Or a lawyer?

          “Antifas managed to capture Roosh and tie him to a chair ”

          Funny stuff – maybe true a la fightclub

  7. My parents argued about money so much when I as young that I knew that if there wasn’t money then my parents would split up and I wouldn’t have anyone to tuck me in at night (separation anxiety). Because of this I’ve saved money so hard since I was could serve juice from the pennies I’ve punched. My savings rate was 80% through college, and 25-50% when I lived alone. To save 10% is fucking laughable to me. If im not socking away 50% of my paycheck im not earning enough or I’m not in proper position to save 50%.

    I buried 50k between graduating HS, and a 18 months after graduating college when I became debt free the last 8 years I’ve put away 90k without any investment help (it’s all in the bank, dumb I know) and probably squandered 30k on vacationing, hobbies and just living it up.

    1. Well done. It sucks you learned by being frugal through fear, but fear can be a great teacher of lifes neccessary lessons.

      1. Saving money that hard has been good but it’s also done damage. I never had good clothin until I was 21. I had no social life and I view everything in terms of what it costs to the point that it was a real turn off for people. Heck I live in my parents basement because of the drive to save money.

        What I don’t do is properly invest, and i don’t mean in stocks. $500 on a dance class helped me kill a modeling opportunity where i had to do a dance in a commercial, which led to another $3000 in modeling jobs and another $2500 on top of that in side jobs. It was a pretty good DHV to get laid.

        1. Dude, I was a soldier and then a student until the age of 27. I didn’t have much of anything, but I learned to travel light and consume little which has served me well over the years. The expensive threads I have now are gifts from my wife as she knows I won’t spend the money on myself.

          “What I don’t do is properly invest..”

          Most people can’t (I include myself in that group). However you cannot go wrong investing in yourself. Be it a STEM degree through a cheap, but accredited college; dance, piano, foreign language, firearm classes; IT certs, etc… Once more no one can take them from you.

  8. A good Christmas present would be to bring Daddy back to kids living with a single skank. Find the guy and nix all the system encumberances and parasites off his back and then barge in with the guy all wrapped up like saint nick and shout “Daddy is back to rule the castle!”. Watch the squirming single mother wince and try to break her phone in half as it lights up with the evening’s hook ups. PUT THAT snake of a female in her place and throw a vacuum with a fresh bag into her arms to clean up all her cigarette butts and blunts. Meanwhile DADDY helps divvy up presents like fishing poles, air rifles and bows with targets as well as proper long dresses for the young ladies.

    And then introduce the new resident sisterwife in the door to teach bread making and who will encourage REAL tit feeding. She’ll also break the single mother’s fingers if she dares sneak a phone call to a feminist help hotline. That mom is not out of the woods yet. But she’ll be mellow as jello once she pounds the righteous routine for 6 months or so.

    Now THAT’S direct and personal charity that goes right to the source, directly to the recipient – – compliments of . . {“x___” church or organization}

    1. MCGOO your post are always a good read

      i liked the bit about “proper long dresses for the young ladies”
      this whole dressing 8 – 9 YO schoolgirls as trainee streetwalkers has got to go… its disgusting that mothers & fathers allow this sh*t.

      1. I think it is mothers who covertly approve when a daughter dresses like a ho. Even a dad raising a daughter with an abscent mother will raise a ‘daddy’s girl’ who immitates the values of the father. It’s the mother who ultimately steers the girl with permissions vs discouragements of how to act and dress in public. If the mother is itching for outside D but the dad has her quarantined in her proper role, that mother will project through her daughter first her own fantasies of being disloyal. It all boils down to the mother being disloyal minded. The mother likely was not a virgin bride herself and her demons continue to eat away everyone around her who strive to keep the patriarchal golden rule. No woman knows what she does in the end or in the big picture. She’s a breeding tit feeding machine and is meant to be kept as pure in her simple mind as possible for optimum performance and loyalty. When the grade school girl goes to the bus wearing provocative clothing, the mother secretly smirks as she is trying to project and live her debauched fantasies through her innocent daughter. Yes she’s quietly goading her daughter on to be like a little ho and SHE KNOWS IT.

        The woman is western society is too empowered basically and it’s all by design. The voting, the car driving, the frivolous phone and smart device access, the easy peasy machines that reduce domestic activity and brain work down to a couch potato watching explicitly suggestive daytime soaps. Is it any wonder why so many mindless women go so batshit wrong when you turn your back for 8 hrs?

        Well . . . this kind of shit doesn’t happen when you add another half brain to the existing half brain. That’s right – a SISTERWIFE voila – and the domestic brain, albeit separated by a differing body yet with both tittied curvacious bodies being bonded by trust and loyalty to daddy of the house KING DICK is the final solution!

  9. Don’t forget to take your kids shopping…

    Going to the supermarket and weighing fresh produce on the scale – 3lbs of Nectarines @ $1.25lb, etc. Show them that a $7.00 container of detergent can clean your clothes just as well as a competing $10 container. Go to the hardware store and show them that the $18 gallon of paint will cover the same sqft in their bedroom as the $30 gallon. These are simple tasks that go a long way in terms of teaching basic savings and budgeting principles. Additionally, shopping together is not only a way to spend time with loved ones, but it can ultimately help them build an awareness to the ills of over-consumption.

  10. The author left out a basic point – don’t forget to teach them What money is, how it all started, what happened before money, etc.

    Great article.

  11. used to give kid few bucks at five and dime toy stores.
    Let them calculate combinations etc
    My mom started it with thrift stores.
    Makes a difference can see cause and affect, and is fun

  12. My kids know all about finances. The larger the family the more self reliance they will learn as teens. My 14 year old has something he wants to do that will cost a bit of cash and is currently working extremely part time to fund it. My 21 year old owns his own house. Teaching your boys to be strong and independent and good with money is always wise. Teaching your girls to be prudent, thrifty and. good stewards of money will make any future son in law happy!!

  13. Telling your kid to put money in the bank is a terrible idea. This of course is what everyone else tells him. You may recall the apocalyptic banking crisis of 2008 from which we have not yet recovered? Or maybe you don’t.

    In case I was not clear, do not put your money in the bank or any government backed retirement investment. And run away fast from anyone who tells you this is a good idea.

    1. I am up in the air on this one. We have done the piggybank thing several times, and if they are young, they end up losing it more often than not. Then, the savior mom comes in and gives them a new $5 bill. Not a good lesson taught.

      1. There are much better things you can do, like setting up a trust in your kids’ names that they can only access under certain circumstances. The funds will be invested into a diversified portfolio.

Comments are closed.