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Money Sense for Kids

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Money is something that isn't usually openly discussed in families. However, talking about money can help your child develop important life skills around money management and a postive attitude towards personal finance.

We all want the best for our kids. So help make money visible and a source of joy in your family. Learn some strategies about teaching your kid about money management.

What is Financial Literacy?

Financial literacy is the ability to understand money and how to manage it, so that you can make financial decisions that will benefit you now and in the future.

A financially literate person has the ability to:
* save money for short- and long-term goals
* use credit responsibly
* manage financial risks

On-Line Money Games for Kids

US Mint Games for Kids: The site includes fun info. about coins and educational games for kids.
Moneyopolis: Help the alien Xerbie learn about money management so that he can get home.
Pennywise Video: Click on the "Pennywise" video, under "tools", to watch a great video about money and the history of money.

Parent Resources

Rule of Three

Building a Conscious Wardrobe

Kids outgrow clothes quickly, but here is a lifelong habit that you can instill that they'll never outgrow - and it has a positive impact on the environment! It's the Rule of Three.

Only buy an item of clothing if it matches THREE things in your wardrobe.

How it works?
1. Before you go clothes shopping, look in your closet. What do you like? These are the items to build your wardrobe around.
2. Identify things that you need to add to your wardrobe. For example, you need 1-2 nice shirts for dressier occasions and your running low on socks.
3. Go to the store. Sometimes it helps to have a list of what you have/need.
4. Only buy an item of clothing if you can identify THREE things that you currently own that would match. When you do this, you build a wardrobe quickly and inexpensively.

Even if you have lots of money to spend, this strategy leaves a lighter footprint on the planet. A great gift to the planet and you because you still get lots of outfits!

Another helpful hint: Buy classic clothes. For kids this means jeans and T-shirts. Help your kid identify what is trendy and classic. Have them identify the value of buying classic clothes.

If you or your kid want to update your look, you can do this in a way that has no impact on the environment or your budget - update your hairstyle!

Teaching Money Sense to Your Child

View some of the sites, then rank them to let others know which ones you find the best.

Money Sense for Kids

Contents at a Glance

Contents at a Glance

What is Financial Literacy?

On-Line Money Games for Kids

Parent Resources

Rule of Three

Building a Conscious Wardrobe

Teaching Money Sense to Your Child

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