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?
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
Personal Finance for Dummies, Fourth Edition
A nice resource for getting you started in making great financial decisions. My brother read this in high school along with "Investing for Dummies." Now he's an Econ. professor!
Amazon Price: (as of 10/07/2008)
Money Matters Workbook for Teens (ages 15-18)
Hekp your kid set financial goals and follow through with this handy workbook.
Amazon Price: $11.19 (as of 10/07/2008)
The Great Little Book of Afformations (All-New, Expanded Edition)
Learn how to change you and your family's relationship to money and life. This transformational book that has techniques that are so simple even a child can use them.
Amazon Price: (as of 10/07/2008)
Busting Loose From the Money Game: Mind-Blowing Strategies for Changing the Rules of a Game You Can't Win
It's one thing to learn about investing and savings. It's another thing to completely break loose from the Money Game. This book is a bit of a mind-blower. Very powerful information!
Amazon Price: $17.79 (as of 10/07/2008)
Rule of Three
Building a Conscious Wardrobe
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.
Stock Market Trend
The stock market, which is also called the equity more...1 point
Cash-Smart Kids - Teaching Kids About Money and Business
How to raise your kids to be Entrepreneurial, Weal more...1 point
Raising Entrepreneurs - Teaching Kids About Money and Business
Raising Entrepreneurs is an organisation for paren more...1 point
Want vs. Need: Basic Economics Part 1
Teach your kid the difference between wants and ne more...0 points
Money and Your Kids: Wants vs. Needs
A nice discussion of supporting your kids develop more...0 points
Young Investor
The website is divided into teachers, parents, tee more...0 points
Money Sense For Your Children
This site has several lessons for parents to teach more...0 points
Kids and Money: Teaching your Child about Money Management
There are a variety of resources delineated by age more...0 points
Tips for Talking Cents with Your Child
Includes lots of suggestions on how to develop you more...0 points
Talking to Kids about Money
Includes some great articles about how to talk to more...0 points
Motley Fool for Teens: Want to Be a Millionaire? You Can!
Learn how much your money can grow through the pow more...0 points
Using Afformations to Change Your Relationship to Money
Learn about the wonderful changes in my and my stu more...0 points
http://www.msgen.com/assembled/money_savvy_pig.html
Money Savvy Generation develops and brings to mark more...0 points
Financially Fit Kids
Amazon Error: Could not open remote connection
Sorry, there are no results available from Amazon.Teacher Resources
- The Stock Market Game
- You can register your class to invest $100,000 in a real-time stock market game for free. The game lasts over an 18-week period and includes several instructional lessons to support financial education.
- Information Age Education Blog
- My teacher blog will help you integrate technology into your teaching and navigate the Information Age gracefully. The digital era is about connectedness and knowledge, both technological and personal. This blog gives practical strategies to create an even more engaging classroom, including how to use of the Law of Attraction.
Parenting Millennials, Tips on How to Support Your Child
- Parenting Millennials, the Net Generation
- Did you know that your child is a Millennial Gen kid?
Learn about this spectacular generation and ways to best support your kid. - My Home Page
- I also have a number of math resources for students and additional resources for parents.
Please share them and this site with people who will find them valuable.
Reader Feedback
If you know of any great financial literacy sites, please let me know. I'd love to be able to share them.
Also, any feedback on this site is welcome.
Richest blessings,
Rebecca Newburn
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kidsmakemoney
Hi Rebecca, Posted July 09, 2008 |
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anilg
Nice lens with lots of useful information. If you are willing to make money online, then please visit my lens Posted June 18, 2008 |
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Mattf722
I think your lens is an excellent piece of work. Posted February 05, 2008 |
There's a new savings and money management software program designed to help parents teach their kids how to save and spend their money wisely, It's called KidsSave. Parents can set up accounts for their kids and automate allowance, matching funds, and interest. Kids can record deposits and withdrawals, set up and maintain a personal financial goal, and explore their savings into the future (compound interest...among other things.) It can be viewed at: http://www.kidnexions.com
It would be nice to have this added to the list of Teaching Money Sense to Your Child.
Thank you!
Posted January 21, 2008
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1wealthbuilder
I love Your Lens! Posted October 16, 2007 |
