Schwab MoneyWise ®

Money Quiz for Parents

Are you teaching your kids to be financially fit?

Raising money-wise kids is about more than providing for them—it's also about teaching them financial independence. Answer these eight questions to see if you're on track. You'll also get ideas for incorporating financial lessons into everyday life—whether it's making a simple trip to the grocery store or planning for college.

  1. You’re planning to get a car for your 16-year-old. You:


  2. Your 15-year-old gets a summer job. You:


  3. You decide to set up an investment account for your 12-year-old. You:


  4. Your first-born is heading off to college. You:


  5. It’s April, and you’ve just filed your tax return. You:


  6. You’re at the grocery store with your two middle-school children. You:


  7. You’ve just made an offer on a new house and your teen asks, “How are we going to pay for it?” You:


  8. From your teen’s perspective, a credit card is:


The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager.

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