Did you know that money habits are typically formed by age 7? For this reason, financial experts advise that children get an early start on learning how to spend, invest and save wisely. April is Financial Literacy Month, and it’s a great opportunity for educators to expand students’ financial knowledge.
Although teaching children about money management may seem like a daunting task, there are many fun and exciting ways for them to explore key concepts such as saving, budgeting and credit management. Check out the following online resources for engaging ways to develop financially savvy students:
- Cha-Ching: Cha-Ching is a music band that teaches children four key concepts: earn, save, spend and donate. Through the website, students can explore games, apps and the band’s music videos to develop money-management skills.
- Kasasa.com: For more hands-on activities, try these 15 crafts. Students can decorate piggy banks to learn about saving or run a restaurant to explore entrepreneurship.
- TheMint: Designed for families, TheMint shares fun activities to help kids and teens develop good financial habits. The website also includes teaching ideas for educators.
- Finance in the Classroom: Find an array of interactive activities for children and teens. From shopping for groceries to owning their own pet spa, these activities are designed to help students make informed financial decisions.