Financial education for children: how to teach your “teenagers” to manage their money

Today, the observation is clear: young people do not learn to manage the budget and become financially responsible neither at school nor at home. Even worse, there is a lack of interest among adolescents in this topic: 72% of children aged 8 to 14 say that they rarely or never discuss it with their friends (Research conducted for FBF by Harris Interactive).

This lack becomes a heavy mental burden for parents, 76% of whom believe they lack financial knowledge (Vives Media, 2023 barometer): so how can they approach this topic with their teenager? Specifically, financial education can be summarized in 6 simple concepts:

Face your tastes and desires. Knowing how to distinguish between fleeting and deep desire, choosing for yourself when buying, having the experience of buying and regretting… All this is an integral part of good budget management.

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Manage your own budget. Giving money on demand is a good way to please children. But to make the teen accountable, we give him a budget to manage, on a weekly or monthly basis. Let's also remind that it is average pocket money budget is 36 euros per month (Teenage Lab Barometer by Pixpay 2023 Teenagers & Money).


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Learn to negotiate. Every adult will have to talk about salary during their lifetime. Today, only 41% of women and 58% of men are comfortable discussing salary with their supervisor (Vives Media, barometer 2023)! So train your teen to negotiate his pocket money budget every year.

Learn to save money. Regardless of pocket money, everyone can put a little money aside. Adolescents can thus try their hand at saving by opting for fun and painless methods.


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Learn how to make money. Of course, parents contribute the most to a teenager's budget. But you can earn euros yourself, either by babysitting, doing small extra missions at home or even reselling old clothes on used platforms.

Learn to give. In a society where only 8% of adults give monthly to charities (Generosity Barometer, France Générosités, 2022), it is important to get into this habit as early as possible. Regardless of quantity, regardless of frequency.


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These 6 key skills, if acquired from adolescence, will last a lifetime and allow for ease and maturity in adulthood. They can develop thanks to pocket money, whether it is given in cash or through a payment card suitable for teenagers. This last solution has the merit of offering parents better visibility and more control.


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