How to Set Up a Family Investment Challenge for Kids

Do you want to teach your kids how to make their money work for them? A family investment challenge is a fun and educational way to help children learn about stocks, savings, and smart money decisions—all while building real wealth for their future.

✅ Kids learn how to grow money through investing. 💰
✅ It creates healthy money habits from a young age. 📈
✅ Families can bond over financial learning and teamwork. 👨‍👩‍👧‍👦

By setting up a family investment challenge, you can turn learning about money into a fun game—and even start building your child’s future wealth today!

Step 1: Define the Goal of Your Family Investment Challenge

Before you start, ask: What do we want to achieve?

🎯 Possible Goals:

✅ Teach kids how investing works.
✅ Help them learn how to research and pick stocks.
✅ Build a habit of saving and growing money long-term.
✅ Compete for fun rewards while learning smart financial habits.

📍 Example:

• A family can set a goal to turn $100 into $150 in 6 months through smart investing choices.

💡 Lesson for Kids:

• "Investing helps money grow over time—just like planting a seed!"

Step 2: Choose the Rules of the Challenge

Now that you have a goal, let’s set the rules of the challenge!

✅ 1. Decide How Much Money to Start With

• Kids can use their allowance, birthday money, or savings.

• Parents can match their contributions (e.g., for every $10 a child invests, the parent adds $10).

📍 Example:

• Start with $50, $100, or even $500 depending on your family’s budget.

💡 Lesson for Kids:

• "The more you invest early, the more your money can grow!"

✅ 2. Choose What Investments Are Allowed

Decide whether kids can invest in:

• Stocks (like Disney, Apple, Nike).

• Index funds (like S&P 500 ETFs).

• Real estate stocks (REITs).

📍 Example:

• A 10-year-old might choose McDonald's because they love eating there, while a teen might pick Tesla because they like electric cars.

💡 Lesson for Kids:

• "Invest in companies you believe in!"

✅ 3. Set a Time Frame for the Challenge

• Will it last 3 months, 6 months, or 1 year?

• The longer, the better—investing takes time!

📍 Example:

• A 6-month challenge allows kids to see how stocks go up and down over time.

💡 Lesson for Kids:

• "Investing is not about getting rich quick—it’s about patience!"

✅ 4. Keep Track of Investments

• Use a spreadsheet or notebook to track stock prices weekly.

• Apps like Robinhood, Fidelity, or Stockpile can help kids monitor their progress.

📍 Example:

• Write down the stock’s price at the start and check it weekly to see if it has grown.

💡 Lesson for Kids:

• "The stock market moves every day, but long-term growth matters most!"

Step 3: Teach Kids How to Pick Smart Investments

1. Teach the Basics of Stock Research

Before kids invest, teach them how to research a company:

📌 Ask These Questions Before Buying a Stock:
✅ What does this company do?
✅ Do I believe in its future?
✅ Has its stock price gone up over time?
✅ Does it pay dividends (extra cash to investors)?

📍 Example:

• If a child wants to buy Nike stock, ask them:

  • "Do you think more people will buy Nike shoes in the future?"

💡 Lesson for Kids:

• "Investing is about buying great businesses, not just stocks!"

2. Diversify to Reduce Risk

Instead of investing in just one stock, kids can spread their money across multiple stocks or index funds.

📍 Example:

• A child could split $100 into:

  • $50 in Apple (AAPL)

  • $30 in Disney (DIS)

  • $20 in an S&P 500 Index Fund (VOO)

💡 Lesson for Kids:

• "Don’t put all your eggs in one basket—diversify!"

Step 4: Make It Competitive & Fun!

1. Create Rewards for the Challenge

• Winner = Most growth in their investment!

• Runner-up = Best stock research and explanation.

• Give small prizes like extra allowance, a fun experience, or a trophy.

📍 Example:

• If a child’s stock grows 10% in 6 months, they get a reward.

💡 Lesson for Kids:

• "Investing is fun when you set goals and track progress!"

2. Have a Weekly or Monthly Family Investing Night

• Let kids explain why they picked their stocks.

• Discuss big news in the stock market.

• Adjust investments if necessary.

📍 Example:

• If a stock is not performing well, should they hold or sell?

💡 Lesson for Kids:

• "Investors make decisions based on research, not emotions!"

Step 5: Review the Results & Celebrate Learning

At the end of the challenge:
✅ Compare everyone’s investment performance.
✅ Discuss what went well and what could improve.
✅ Keep investing for the future!

📍 Example:

• A 12-year-old who invested $100 in Nike may now have $120 after 6 months!

💡 Lesson for Kids:

• "Investing is about learning and growing, not just winning!"

Bonus: Fun Investing Apps for Kids

If your family wants to keep the challenge going, try these investing apps:

📌 Stockpile – Lets kids buy fractional shares.
📌 Fidelity Youth Account – A great beginner brokerage account for teens.
📌 Greenlight App – Helps kids learn about saving & investing.

💡 Lesson for Kids:

• "Investing doesn’t stop after the challenge—keep building wealth!"

Conclusion: Make Learning About Investing a Family Tradition

By setting up a Family Investment Challenge, kids and families will:
✅ Learn how to research and pick great stocks.
✅ Understand how investing grows wealth over time.
✅ Build smart money habits that last a lifetime.

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