It’s Youth Financial Literacy Month, and we’re celebrating by helping families build confidence around borrowing. This month, we’re exploring how lending works and how tools like credit cards, car loans, and student loans can be used wisely to support future goals.

3 Ways to Start Teaching Kids About Lending 

1. Borrowing Has a Cost. When you borrow money, you repay it — plus interest. Even young kids can understand: “If you borrow 10, you may pay back 12.”
2. Loans Should Have a Purpose. A home, education, or reliable car can help build a strong future. Teach kids to ask: Is this helping me move forward?
3. Read the Fine Print. Interest rates, terms, and fees shape the total cost. Understanding the fine print builds lifelong financial confidence.