Debt is the silent enemy of most adults. Kids who learn the rules early avoid the trap.
The Core Rules
- Borrow only what you can repay quickly
- Never borrow for things that lose value (snacks, toys)
- Always know exactly when and how you'll pay it back
- Pay back early when you can — it builds trust
Practice At Home
When your kid asks for a loan, treat it like a real one. Write it down. Have a due date. Track it together.