March 17, 2023

Using Your Money Wisdom to Plant the Seeds for a More Prosperous Future

What if you could give any child in your life a brighter future without spending a single penny? What if it only took the right words?

Believe it or not, it IS possible.

Talking to children about money now can pay off in a big way later. And that’s true for “children” of any age – from kiddos in elementary school to adult children who have kids of their own.(1)


Because talking about money is a way of sharing what you know about it. And these talks can help children understand how money works and what can come up when it’s time to spend money – or earn it, invest it, or save it.

Yes, those talks aren’t happening as often as they should be. (2)

That’s true despite the fact that most folks say parents should teach their kids about finance. (2)

In fact, when it comes down to it, most parents rarely discuss money with their kids. And many people say they never talk money with their children. (2)

Maybe that’s why most Millennials and Gen Z-ers turn to social media for advice about money. (3)

But they won’t find YOUR money wisdom there.

It’s easy enough to start a meaningful conversation about finance and share when you know if you know where to begin.

So, here are some simple, thought-provoking conversation starters to use with children of all ages.

If you have these in your back pocket – ready to go – you can easily kickstart a talk about money the next time you have a chance. And you could end up sharing some enlightening pearls of money wisdom in the process.


7 Inspired Ways to Start Talking About Money with Kids And Keep The Conversation Going

  1. Saving Money has allowed me to…
    What have you accomplished because you’ve been able to save money?
    What challenges did you face along the way, and how did you overcome them?
    Saving up for a life-changing purchase can be just one answer here, but it’s not the only one. Retiring early or being able to give more to charity are also wins that can come from successful savings. Sharing these accomplishments can inspire younger generations to stay on track with their own savings goals.
  2. When I’m deciding whether to buy something or save the money, I…
    What do you consider and weigh out when you’re not sure whether to buy or save?
    Who do you talk to and how much time do you give yourself to make the decision?
    Everyone’s different, so explaining how you make these decisions can help others figure out new ways to handle them. That can be especially true when it comes to high-stake purchases and challenging money choices.
  3. If someone asks to borrow money from me, I…
    What’s your go-to reaction when someone hits you up for a sizable loan? And what have you learned from lending out money in the past?
    What factors sway or dissuade you from lending your hard-earned money?
    Whether it’s family, friends, or business, lending money can be tricky. And you may have more insights to share that you realize from past experiences – good and bad.
  4. If I could go back in time, I would tell my younger self…
    What piece of money advice do you wish you had 10, 20, or even 30+ years ago?
    How would that knowledge have changed your outlook, your choices, or your life? 
    As you dig into what you didn’t know, you can open up about money mistakes and how your views or behaviors have changed since then. That can create a far more engaging dialogue and make a lasting impression.
  5. One thing I regret buying is…
    Which expenditures have stood out as mistakes and why?
    How has your regret for those purchases changed the way you buy things now?
    Most of us end up with buyer’s remorse at some time in our lives. Shining some light on that may help your kids or grandkids take a thoughtful pause the next time they feel the urge to make a purchase they could regret.
  6. One thing I’m saving up to purchase is…
    What big-ticket item or experience do you want to invest in next? Why?
    Sharing these goals can dial the conversation out to the long term. That can be motivating, and may even help younger generations stop and think before their next impulsive buy. This opener can also touch on your values and show how you spend money to support those values.
  7. I am grateful for…
    What truly enriches your life? 
    Which people, experiences, or tangible objects bring you joy? How do they make your life better? 
    Money is important, but so are a lot of other parts of your life. Taking time to think about what you’re grateful for – beyond finances – can be extremely grounding. It can also put things in better perspective, especially when life hands us bigger challenges.

Even if they’re sensitive or challenging, money talks can be incredibly valuable.

Have you used any of these conversation starters before? Which one will you try next (or first)?

The trust is that it doesn’t really matter whether you dive into a money talk using these openers or others…. What matters much more is getting that discussion about finance started in the first place.

After all, talking about money can be hard for any of us, even when we’re talking to the folks we care about most – including our children.

Still, these discussions don’t have to be painful, and they don’t have to create anxiety for anyone involved.

Even if they’re sensitive or challenging, remember, money talks can be incredibly valuable.


Talking about finance doesn’t just give you the chance to pass along hard-earned wisdom.

It can also inspire children – younger and older – to make more prudent choices and pick up better financial habits. (1)

In the big picture, these money talks can contribute to financial well-being and a much brighter future.

But it probably won’t happen after just one money talk with kids. (1)

The discussion about finance has to keep going to really make an impact.


Risk Disclosure: Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results.
This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding the accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. For illustrative use only.
Investment advisory services are offered through Kaydan Wealth Management, Inc, a Registered Investment Advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators, nor does it indicate that the advisor has attained a particular level of skill or ability.

Did you find this content helpful?


Awesome, we’ll send you more information.

Unlock Exclusive
Financial Insights

Skip to content