Posted
on Wednesday, June 25, 2025
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Articles
Encouraging Parents to Teach Kids About Financial Scams
July is National Make a Difference to Children Month, and we are urging parents and guardians to use this time to talk with children about financial scams and how to stay safe in an increasingly digital world. Google searches for “internet safety for kids” saw a significant spike in just one week, reflecting a growing concern among families about protecting their children online.
Children today are exposed to many online risks, including scams that can lead to financial loss or identity theft. Teaching kids about the dangers of sharing personal information, recognizing suspicious offers and verifying the source can help protect them from becoming victims.
We encourage you to use the following tips to teach kids about scams:
- Explain the importance of protecting personal information – Children may not realize how valuable things such as passwords or addresses are to scammers. Let them know personal information should only be shared with trusted adults and never given to strangers.
- Teach kids how to recognize red flags in messages – Scammers often use exciting offers or fake prizes to trick people into sharing information. Help children understand if something sounds too good to be true, it probably is.
- Encourage conversations about online experiences – Let kids know it’s OK to talk to a trusted adult if something online makes them feel uncomfortable or confused. The more they feel safe coming to you, the less likely they are to fall for a scam.
- Set boundaries for online spending and downloads – Make sure your child knows they shouldn’t make purchases or download apps without asking a parent first. Scammers often disguise malware or fake charges in games and websites that appeal to kids.
- Use real-life examples to make lessons stick – Kids typically learn best through stories or interactive activities. Show them how a fake message might look or role-play a scam call so they understand how to respond when faced with something similar.
Learn More
For more advice on how to protect your children and talk about financial safety, visit our Financial Education Center or Contact Us at 515-232-5561.
These tips are provided by the Iowa Bankers Association
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- financial education
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