Debunking Myths Middle Schoolers Have About Money And Engaging Activities to Help


As middle schoolers transition into more independence, it’s crucial that they are equipped with accurate information about money management. However, many young students navigate the financial world with misconceptions. This article aims to debunk some of the most common money myths among middle schoolers and offers a range of engaging activities that help educate them on proper financial habits.

Myth 1: Saving money is not important

Many middle schoolers believe that saving money is not crucial at their age. This idea could stem from the perception that their needs and wants are covered by family members. It’s essential to teach these young individuals about the significance of saving money early on to build healthy financial habits.

Activity: Open a savings account

Encourage middle schoolers to open a savings account and assist them in developing a savings goal. This habit will gradually teach them the value of being financially responsible.

Myth 2: Credit cards are free money

Credit cards might appear like magic: with just one swipe, they fulfill every need. However, students must know that credit cards don’t grant limitless access to funds and, in fact, accrue debt if not managed properly.

Activity: Credit card simulation

Design a simulation activity where middle schoolers are given mock credit cards with spending limits. Ask them to take note of each virtual purchase and calculate their balances at the end of a set period. This exercise will demonstrate how quickly debt can pile up and promote thoughtful spending habits.

Myth 3: I am too young to worry about investing

Investing is often considered an adult privilege – leaving youngsters in the dark about its importance. Beginning to understand investing basics at an early stage will pave the way for fruitful financial decisions in the future.

Activity: Stock market game

Introduce an online stock market game where students can simulate buying and selling stocks. This engaging activity will provide a fundamental understanding of investing and serve as a stepping stone toward real-life stock ventures.

Myth 4: Budgeting is only for adults

Middle schoolers often think that budgeting is reserved for adults juggling bills and other financial responsibilities. However, learning to budget at a young age is vital for effective money management throughout life.

Activity: Budgeting activity

Create a hands-on budgeting activity using mock salaries, expenses, and savings goals to teach students about income allocation. By working with virtual finances, students can learn the importance of developing sensible budgets without the risk of actual financial consequences.


Dispelling money myths is an essential part of preparing middle schoolers for future financial independence. Active involvement in addressing misconceptions and providing engaging instructional activities will set the stage for a generation of financially savvy individuals. Start early and equip these young people with the tools they need to make responsible financial decisions that lead to long-term success.

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