Financial Literacy: Kids and Money

Financial Literacy

Although there is more to learn about money than how to count coins and bills, the subject is largely ignored in most middle- and high-schools. But somewhere between giving them an allowance, and waving goodbye as they move out of the house, kids need an introduction to financial literacy, including learning about earning, budgeting, saving and investing.

Financial Literacy Resource Handout for Classroom or Homeschool: Just $2.00

Money as You Grow5 stars

"Twenty things kids need to know to live financially smart lives." Starting with 3-5 year olds, each milestone is grouped by age up to 18 and over. For preschoolers, the first milestone is "1) You need money to buy things." For high-schoolers, the last milestone is "20) When investing consider the risks and the annual expenses." Each item has pop-up activities to help your child reach the milestone.

Money Instructor4 stars

Money Instructor features lessons about money skills, earning, saving, investing, and starting a business. Each section includes printable and interactive worksheets, and lesson plans for teachers. "If you have a budget and stick to it, you will be less likely to blow your money during random daily spending. A budget can help you reach a financial goal because it controls how much you spend and how much you save. Budgets can help eliminate many money surprises because you've planned ahead and know what to expect each month."

MyMoney.gov5 stars

The My Money Five are five building blocks for managing your money: earn, save and invest, protect, spend, and borrow. "Sometimes it's necessary to borrow for major purchases like an education, a car, a house, or maybe even to meet unexpected expenses. Your ability to get a loan generally depends on your credit history, and that depends largely on your track record at repaying what you've borrowed in the past and paying your bills on time."

Practical Money Skills for Life5 stars

Although the only section specifically created for kids is Games (they're great, by the way) there is plenty here for high-school students who are ready for the information on Credit & Debit, and Saving & Spending. Teachers will also find lesson plans for PreK and up (including college-level material).

The Mint5 stars

Whether you're a kid, teen, recent graduate, parent, or teacher, The Mint has a portal for you. For kids, The Mint covers earning, saving, spending and giving. For teens, it adds owing, tracking, investing and safeguarding. "You skid on wet pavement and wreck your bike. You leave your backpack on the bus, and no one turns it in. These events are called 'losses.' You no longer have a backpack or a bike. Who replaces these items? What if your parents say that you must replace the lost backpack because you were careless?"

Financial Literacy Resource Handout for Classroom or Homeschool: Just $2.00

Honorable Mentions

The following links are either new discoveries or sites that didn't make it into my newspaper column because of space constraints. Enjoy!

360 Degrees of Financial Literacy

Federal Reserve Education

Rich Dad

US Mint: Financial Literacy

Cite This Page

Feldman, Barbara. "Financial Literacy." Surfnetkids. Feldman Publishing. 7 Apr. 2015. Web. 28 Aug. 2015. < >.

About This Page

By . Originally published April 7, 2015. Last modified April 7, 2015.

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