Financial Literacy for Life: Teaching Money Skills at Every Age

Infographic provided by Brown & Company, a top place for investment planning in Denver CO

Teaching financial literacy at every age is vital to empowering individuals to make informed, confident decisions about money. Financial education is not a one-size-fits-all process; it evolves alongside life’s stages and challenges, starting with foundational skills in childhood and progressing to complex financial strategies in adulthood and retirement. By introducing age-appropriate financial concepts early, individuals gain essential habits such as saving, budgeting, and understanding the value of money. These habits lay the groundwork for economic confidence and resilience.

For children, the journey begins with understanding the basics—earning through chores, saving allowances, and distinguishing between needs and wants. Teenagers can benefit from learning about credit, debt, and the importance of saving for education or other significant expenses. Young adults face critical moments, such as managing their first paycheck, paying bills, and avoiding debt pitfalls. In contrast, adults may need to focus on investing, planning for homeownership, and saving for retirement. Finally, for seniors, the emphasis shifts to managing retirement income, protecting assets, and ensuring financial security in later life.

We ensure individuals are prepared for real-world financial decisions by tailoring financial education to specific life stages. Schools, parents, and communities provide accessible and ongoing financial education to bridge knowledge gaps. By doing so, we create a more financially literate society in which people of all ages are equipped to thrive, avoid financial stress, and confidently plan for their futures.

Infographic provided by Brown & Company, a top place for investment planning in Denver CO