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

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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!

Financially Fit Kids

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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

  • Amber Collins Aug 16, 2011 @ 10:19 pm | delete
    Money sense for kids really does begin with money sense for parents! Parents should set positive examples and teach their kids about money. After all, money management is a basic survival everyone should have. As part of teaching "money sense" to kids, it would great if parents would also teach using financial purchase power as a way of supporting or not supporting one's values. Buying recycled paper products vs. non-recycled, for example. Thanks for the valuable info - Amber @ <"http://weddingcateringorlandofl.com">Wedding Caterer Orlando
  • tomaschavez of TomasChavez.com Jun 27, 2011 @ 1:46 am | delete
    Just when I need it! I'm having trouble on how to make my kids (a 5 y/o and a 5month old) to understand the value of money and how to manage it well.. I already have a few things in mind and this will be added on my list..:)
  • steveroper Feb 8, 2011 @ 4:22 pm | delete
    I believe that running our home based Kleeneze business helped our children with understanding the value of money and that it has to be worked for.
  • lindarandall Feb 8, 2011 @ 7:06 am | delete
    connecting my business ideas for kids to your blog roll :) i follow back on twitter - the idea girl, wish i knew all this stuff when my kids were younger.. :)
  • totalhealth Jun 30, 2009 @ 12:52 pm | delete
    the value of money and budgeting must be taught to kids at young age for them to develop a sense of responsibility towards money . It will be a great help for them in the future
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Rebecca_Newburn

Ms. Rebecca Newburn has been a math and science educator for 17 years. She is interested in supporting Millennials, the New Generation, by creating resources... more »

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