Resources Helping Parents and Teachers to Teach Kids About Money
Here are a few resources, listed by topic, to support your endeavors to raise financially smart kids.
To make this a site that works for you and other parents, please e-mail Kristan@RaisingMillionaireBabies.com with feedback and any suggestions of resources you have liked and how it was helpful. Sites whose mission is to educate, more than sell, and are kid friendly, easy to understand and navigate make the best listings.
Every effort will be made to include helpful and appropriate suggestions made by others.
Topics
- Allowance
- Entrepreneurship and Employment
- Investing
- Money Camps
- Money Fun
- Personal Finance Education in the Schools
- Teen Consumer Education
- Teach Kids About Money
Allowance
If you type "allowance calculator" into the search box on www.pediatrics.about.com you can compare your allowance as a kid with what you are giving or thinking of giving your kids. The calculator adjusts backwards in time to the year of the parent's birth to see the difference between then and now.
Millionaire Babies or Bankrupt Brats? Love and Logic Solutions for Teaching Kids about Money also offers an allowance chart with suggested amounts and a set of principles for determining the appropriate amount to give for any age child.
Entrepreneurship and Employment
This is a free kids in business online resource that helps kids in grades K-12 discover, explore, and gain experience in the world of business.
This Website offers business opportunities to parents and their children who are highly motivated and interested in learning about entrepreneurship, about being kids in business.
Junior Achievement uses hands-on experiences to help young people understand the economics of life.
This Website helps young people across the country start new youth-led organizations that achieve a lasting benefit for their schools and communities.
To aid a teens' summer job search, explore www.snagajob.com. It provides hourly job listings and leads you through a search process, which for a fee, allows you to apply online for available openings at most of the most popular box retailers. You will want to do it with your teen (not FOR them), as this is a commercial site that asks for personal information if you choose to use their service.
Saving and Investing
This Website contains more links to help parents teach their children about money and investing.
This website offers interactive software that makes saving money more fun!
Money Camps
Money Fun
www.usmint.gov/kids (The United States Mint H.I.P. Pocket Change)
An amusing site that offers cyber coins to play memory, coin design and wishing well games.
www.PBSkids.org/itsmylife/money (Public Broadcasting Station's website "It's my Life" money topics page)
Kids can be challenged to stretch a make-believe allowance to the max in a "Mad Money" game. Or, in "Be your own Boss", players can launch their own small business. Kids can get advice on setting goals and boosting their income.
Personal Finance Education in the Schools
If you wish to explore what your child's school is offering in the area of personal finance, this site can point you in the right direction. This site's direct objective is to encourage curriculum enrichment to ensure that basic personal financial management skills are attained during grades K-12.
This organization provides materials and programs to help schools across the country meet state academic standards in economics, personal finance, and social studies.
Teen Consumer Education
This website lists "50 Common Financial Pitfalls," provides a place to report scams, and provides life skills to young people addressing issues from choosing a cell phone carrier to buying a car and living independently.
For information about the costs of running a car, tips for buying new and used cars and a free DVD for teens about driving safety.