Early Life Investments, LLC
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Early Life Investments
Early Life Investments
A Family Financial Head Start

“The best time to build lifelong money habits is when you are young. The second-best time is today.”

Educational only: The author of Early Life Investments is not a Certified Financial Planner. The content here reflects the author's personal opinions and experience and is for general educational purposes only. Read the full disclaimer.

Kids' Corner — Written for You

Money Questions for Kids

Your money questions, answered in plain words — and the questions worth asking your parents tonight.

This part of Early Life Investments is written for you — not your parents. Real answers about earning, saving, and spending, in plain words.

Pick Your Question

How can I make money as a kid? → How do I save up for something I want? → How do I ask my parents for an allowance? → Is this a scam? (Free Robux, giveaways…) → How do I find the best price on something? → Can I afford it? Try the calculator → What happens if I save every week? → Can kids invest? How do I buy a stock? → Can kids have bank accounts and debit cards? → How do I open my first bank account? → Money words, explained (what is interest? credit? taxes?)Coming Soon How to start a small business as a kidComing Soon When your family says no: wants, needs, and money worriesComing Soon I spent money online — what do I do now?Coming Soon

12 Money Questions to Ask Your Parents

Here is a secret most kids don’t know: parents actually like these questions. Ask more than one adult. Asking about money is not rude — it shows you are growing up. Try one at dinner or in the car. You do not need all twelve. One is a great start.

  1. How did you earn money when you were my age?
  2. What was the first big thing you ever saved up for?
  3. How does our family decide what we can and can’t buy?
  4. Can I earn extra money by doing extra jobs at home?
  5. Can we open a savings account for me at the bank?
  6. What is a budget, and can I see how ours works?
  7. What do taxes pay for?
  8. What is the smartest thing you ever did with money?
  9. What money mistake do you hope I never make?
  10. If I earn money, do I get to decide what happens to it?
  11. Can I have a jar (or account) where my money grows?
  12. When you say “we can’t afford it,” what does that really mean?
How to start“Hey, I found a list of money questions kids are supposed to ask their parents. Can I ask you one?” — That’s it. That line works on almost every parent alive.
One rule for this whole siteIf anything about money online ever feels confusing, scary, or secret — someone asking you to pay, share a password, or hide something from your family — stop and tell an adult you trust. You will never be in trouble for asking.

Are You a Parent?

Welcome — this section is written directly to kids, at their reading level, with no products and no ads. Your side of every lesson lives in Raising Money-Savvy Kids and Money Lessons by Age. A great family move: let your kid pick a question above, and answer it honestly tonight.

References & Resources

  1. CFPB: Money as You Grow — Free money activities for kids and parents.
  2. University of Cambridge: Habit Formation in Young Children — Why money habits start young.
  3. This page is educational only, written for kids with their safety first: no ads aimed at children, no product pitches, and no collection of kids’ information.