When it comes to building generational wealth, the conversation shouldn’t end with how much you plan to leave behind—it should start with how well you prepare the next generation to receive it. At PrairieView Wealth and Tax Advisors, we believe that raising financially confident kids is one of the most meaningful legacies you can leave!

By instilling confidence, financial knowledge, and family values early on, you empower your children (and grandchildren) to steward wealth with wisdom, purpose, and generosity.

Here’s how you can get started.

1. Start with Age-Appropriate Financial Education

Financial literacy doesn’t need to wait until your child gets their first job or opens a bank account. Even young children can begin to understand the value of money and the basics of saving, spending, and giving.

Early Stage Ideas:

• Ages 5–10: Use jars labeled “Save, Spend, Give” to teach the purpose of money
• Ages 11–14: Introduce budgeting with allowance or earnings from small jobs
• Ages 15–18: Involve them in conversations about debit cards, credit, and investing

Financial confidence comes from exposure, repetition, and real-world context. The earlier you begin, the more natural these conversations become over time.

2. Use Trusts, Incentives & Philanthropy as Teaching Tools

Family trusts are often viewed as legal or tax-planning vehicles—and while they are, they can also serve as a powerful teaching tool.

By including incentive-based provisions in a trust (like matching earned income or supporting education or entrepreneurship), you communicate your values and expectations while encouraging personal responsibility.

Philanthropy also plays a key role.

Giving children the opportunity to participate in charitable decisions—whether through a donor-advised fund or simply selecting causes to support as a family—helps them connect wealth with purpose and impact.

Tip: Start small. Let your children choose a charity to support with birthday money or family contributions. This lays the groundwork for values-based giving as they grow.

3. Involve Your Kids in Family Money Discussions

One of the most effective ways to teach kids about money and wealth is through transparency. That doesn’t mean sharing every detail of your net worth—but it does mean helping them understand how financial decisions are made and why.

Start by inviting them into simple discussions:

• How do we set a family budget?
• Why do we prioritize saving and investing?
• What does our giving say about what we value?

As your children get older, consider involving them in larger conversations, like business decisions, estate planning basics, or even reviewing the family’s financial plan (at an appropriate level).

These touchpoints create financial confidence and emotional readiness to manage future responsibilities.

4. PrairieView’s Role in Multigenerational Wealth Planning

At PrairieView Wealth and Tax Advisors, we don’t just manage wealth—we help you pass it on with intention.

Our approach to build financially confident kids focuses on:

• Clarifying your legacy goals
• Designing trusts and estate plans that reflect your values
• Facilitating family conversations
• Educating younger generations on the fundamentals of stewardship

We serve not just our clients—but their children and grandchildren—by offering ongoing financial education, real-life planning resources, and guidance that evolves with each life stage.

Final Thoughts: Financially Confident Kids

Raising financially confident kids starts with open dialogue, hands-on learning, and consistent values. When you view your financial plan as a family roadmap, you give your children something far more valuable than money—you give them the tools and mindset to manage it well.

Ready to start building confidence across generations? We’d love to help! Let’s talk about how your financial plan can support both your goals and your family’s future.