Teaching Kids About Cash in a Digital World

People “of a certain age” have similar recollections of how they learned about the value of money. Saving nickels and dimes in a piggy bank, plunging their hands under their pillows to discover the tooth fairy left a dollar, cashing their first paycheck, or holding their first $100 bill taught us that money had value to buy what we wanted. But a 2016 Pew Research article revealed that nearly a quarter of Americans don’t use cash at all in a typical week. Between debit cards, currency apps like Venmo and PayPal, direct deposit and auto-pay features on every thing from rent to utility bills, we live in a society that’s becoming increasingly cashless. If cash is no longer king, how do we teach our children about the value of money?

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