Money management is a vital life skill and it is never too early to teach kids about economics.
Raising financially savvy children involves teaching them a variety of aspects from budgeting to planning, earning and saving. Besides giving them an understanding of the value of a dollar, teaching children about fiscal responsibility helps prepare them for life in the real world. Many parents wonder how they can teach kids about money and where to find age-appropriate resources online. Here are some tools to help:
This is a site dedicated to teaching financial responsibility to kids.
Here are resources and links to teach children financial literacy.
Center for Economic & Financial Education (CEFE)
The "Fun Links for Kids" include information on banking, the Federal Reserve, U.S. Mint, and U.S. Treasury.
The consumer resources presented here include many sites dedicated to financial education.
Center for Effective Parenting
The resources offered here are for general parenting information, including teaching children about money.
The Money 101 lessons also offer a lesson on children and money.
Money as You Grow
This website offers lessons and activities for children ages three to eighteen about how to live financially smart lives.
This comprehensive site has information and activities for children of all ages to enhance their financial literacy.
University of Nebraska
The family finance page includes lessons and financial planning tools for children.
Financial Games for Kids
This page has links to games and downloads to teach kids about money.
Council for Economic Education
While the economics resources offered here are directed at educators, parents will also find them very useful.
Money Confident Kids
With resources for adults and games for children, this is another site that emphasizes the importance of financial education.
This site has resources for both students and teachers to teach kids about money.
This lesson plan about banking is for children from grades kindergarten through fifth.