Friday, September 3, 2010

Kids & Money


Links to useful Resources

It’s never too soon to teach kids about the Value of money. Here are some links that will help parents teach their kids about Money.

Children’s Age and Stages of Money Management

The Four-Bank System - This article will help kids learn to “compartmentalize” and manage money.

Grocery Store as Classroom - When teaching kids about the realities of money, it is always good to use real life settings. The grocery store is a great place to start. This article provides tips on how to use your Grocery Shopping trip to teach kids about money.

Play the Grocery Store Challenge Game with your children.

Allowances: the parent side and the kid side – Tips to make allowances teach responsibility and a discussion about value – getting your money’s worth.

Money Math: Lessons for Life

Money Math Secret – In this lesson students learn how saving helps people become wealthy. They develop “rules to become a millionaire” as they work through a series of exercises.

Money Math Budget - In this lesson students develop a budget for a college student using a spreadsheet. They examine the student’s fixed, variable, and periodic expenses and revise to adjust for cash flow problems that appear on the first spreadsheet.

Money Math Taxes - In this lesson students examine careers and reflect on how workers use math in their occupations.

Links to Activities and Links that teach Kids about Money

Jump$tart Coalition’s REALITY CHECK – an interactive game that shows how much money you need to make to do the things you want to do.

Kid$Inve$t – A site that teaches kids about making investment decisions.

Design your own Dollar BillThis fun game is a great way to introduce children to money by allowing them to design THEIR own currency.

US Mint – A great site that teaches kids about US Mint and Coins of the World. It also provides a lot of information and activities for kids which will help them learn about coins.

United States currency Interactive Bills – This site provides information and history related to the United States currency. The interactive bills on this site provide an animated tutorial of the security and design features of the redesigned $5, $10, $20 and $50 bills.

US Federal Reserve – This site teaches kids about the Federal Reserve.

FDIC – This site teaches kids about the FDIC and how they oversee the banks.

Teach Your Children the Value of Money

Last modified on 2009-10-27 16:02:47 CDT. 0 comments

Teaching children the value of money is very important. It will help them become responsible adults who can make smart decisions about their finances. Here is a great article that highlights a number of ways you can teach your children to form healthy savings habits. Read more...

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