Kid’s Guide to Money
People say that money makes the world go around, and for the most part that is true. We need money to buy everything from food and clothing, to cars, toys, and games. Money is needed to create new inventions, run hospitals, and keep schools open. Everyone uses money, and most people will tell you that you can never have enough of it. However, most people never stop to think about why money is so important or how it works.
Money is such an important part of our society, and how the spending and saving of entire countries, companies, banks, and individual people are connected – the earlier a child learns about how money works, the better they will understand not only how to use money, but also understand much higher level financial and economic concepts.
The easiest way to start learning about how money works, is for children to learn the basics of counting money and how to recognize coin and dollar denominations, making change, and comparing prices. For more advanced grade levels, students can learn the value of creating a budget and eventually older teenagers can start learning about borrowing, investing, and how to avoid debt.
Some of our Financial Programs:
We have gathered the following resources to help teach kids about money:
- Fun Counting Activities
- Kids Counting Games
- Teaching Kids to Count
- Financial Activities for Kids
- Teaching Children About Money Management
- History of Money for Kids
- Math Games and Activities for Kids
As society becomes more interconnected, and technology changes how we view economics and finances, it is imperative that children understand financial concepts to help ensure their success in the future. Everything from saving allowance money to buy more expensive items, to how they can contribute to the overall economy of a community or neighborhood, and even how to increase their personal credit scores, how to avoid debt, and preparing for retirement early in life, are all important skills – and not all of them are taught in school. The earlier children learn how money works, the better off they will be in the future.
Money Management Resources For Kids & Teens
Use the following lesson plans, articles, and resources to help provide teens and kids with easy money management concepts to help them make informed financial decisions and become a smarter financial consumer.