


Invest how you want, when you want, in real time with Self-Directed Investing.
Being a teen is hard enough. Help us support Teen Cancer America to improve their quality of care.
We're committed to serving companies as they expand and succeed. The proof is in our success stories.
May Q&A: Available now
This month, the Making Sense team answers client questions related to trade policy developments and their impacts on key economic issues.
Money is a big topic, and the task of teaching kids how to manage finances leaves many parents feeling overwhelmed. But with the right approach, age-appropriate lessons that focus on money management for kids can be a fun and rewarding experience.
Teaching your kids how to manage money gives you an opportunity to share your financial values while teaching an important life skill. Depending on the schools your children attend, this might be the only financial guidance they get. The foundation you set at home could have a big impact on your kids' success down the road.
Although you might feel eager to teach your kids about finances, remember to choose age-appropriate activities to introduce new concepts.
If you think your child isn't old enough to learn about money matters yet, you could be in for a surprise. Kids as young as age 2 or 3 may be ready to learn coin identification and other money basics. Play store with your preschoolers so they get familiar with the exchange of money for goods and acquire counting skills.
Kindergarten-aged children may enjoy role-playing games that use play money, like shopping or paying for restaurant meals. You could also take your kids grocery shopping. Work on their number recognition as they help you spot sale signs in the supermarket. Kids this age begin to understand the value of each coin and bill.
By this age, your kids understand that goods and services cost money. Teach them the difference between needs and wants. If they receive an allowance, introduce the idea of saving for a long- or short-term goal using a piggy bank or savings account.
At this point, your at-home money management lessons can expand to include comparison shopping and budgeting. Hands-on learners might enjoy finding the best deal on shopping items and calculating how much your family could save by choosing the cheaper option. Get your 9- to 12-year-old actively involved in financial transactions when you hold or attend yard sales.
Now is the time to start talking about financial literacy concepts that need more complex math skills, such as calculating compound interest. Learn about the stock market and investing alongside your children by pretend-investing in the stock of companies your child recognizes, such as Disney, Nike or Coca-Cola.
As young adulthood approaches, many teens will take on part-time jobs. This is an opportune moment to teach your children the skills they'll need to manage their money in college or adulthood. Dive into discussions and resources on household budgeting, paying taxes, saving money, using credit responsibly and investing.
Use a variety of methods to teach money management ideas to your kids at their different ages and stages. Your child could be a visual, auditory or hands-on learner, so choose the style they're most likely to respond to.
Today's parents can choose from a wide variety of financial literacy activities and resources, including:
Remember, financial literacy is a big topic. Don't overwhelm your children with money matters all at once. Instead, introduce financial concepts gradually. Have fun, learn together and teach your kids the financial skills that will help them throughout their lives.
Nerre Shuriah
JD, LLM, CM&AA, CBEC® | Senior Director of Wealth Planning
Account openings and credit are subject to bank approval.
Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.
Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.
NMLSR ID 503941
Treasury & Cash Management
Electronic Bill Presentment & Payment
Investment & Retirement Services
Community Association Banking
Equipment Financing & Leasing
Credit Cards
Merchant Services
Insurance
Email Us
Please select the option that best matches your needs.
Customers with account-related questions who aren't enrolled in Digital Banking or who would prefer to talk with someone can call us directly.