Family Money Skills

Basic Tools for Financial Success

Single mom working with son

Family Money Skills: Basic Tools for Financial Success

Providing basic tools for financial success is an important step to help improve the lives of low-literacy populations. Success is heightened when parents and children learn together and support one another in making smart, beneficial money decisions. This workshop provides the tools to help families openly discuss money matters and gain the critical life skills needed to make smart financial choices. Key content includes understanding wants versus needs, setting savings goals, earning money, shopping wisely, planning, and banking.


PowerPoint presentations are customizable and can help you facilitate a discussion about money skills for your participants.

Download scripts that will guide you through your money management presentation.

Feeling unsure about your presentation?  FAQs will help answer your questions about working with your intended audience.

Need additional information to supplement your presentation or a place to refer your participants after the presentation concludes?  Check out these additional resources.

Answer: Your audience will not be offended if you are pleasant and respectful, and if you listen attentively to their comments. Simple, clear language is always the most effective choice for any group. Stay away from jargon and confusing terms. The bulk of the material in this workshop is a collection of activities for parents and children to jointly complete, so there is no deep “academic” content to present.

Answer: Parents naturally want their children to overcome the difficulties they’ve faced and achieve a higher standard of living. Emphasize that by being involved in their children’s financial education, they are greatly increasing their chances for success. Additionally, working on the materials together helps build a strong family unit, and that is beneficial when difficult times come (such as job loss, reduced wages, or other financial challenges).

Answer: Suggest that they talk to their children about different things at different ages. A youngster might understand what having a few pennies means when he or she wants to buy a piece of candy. An older child might want to save up for something special. Teenagers can understand that they can’t put gas in the car without money. Parents know what the hot buttons are for their children, and they can foster good money management habits in them by starting at an early age.

Answer: Be honest and tell your class they should consult with a trusted financial professional. Don’t guess or dismiss any question. You might use this as an opportunity to reinforce how important it is for them to ask questions anytime they don’t understand something.

Answer: Your class is interested in learning skills that can help them better their financial situation and their children’s financial education. Most likely, each person will bring specific concerns or objectives to the program and will be focused on those—and not on your background. However, remember to always listen attentively without judging or minimizing the concerns of a class member. Everyday situations, such as budgeting for groceries, gas, or rent are universal themes for discussion. Be honest and straightforward with each person and acknowledge that each person’s situation is unique.

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