Top 5 Books To Teach Kids About Money
While financial literacy is not taught in schools, it may be one of the most important skills to have for a successful life. I have seen people at lower income levels manage to make certain financial goals a reality while others at higher income levels simply fall short of the lifestyle they want to live. Managing finances starts early – Whether it’s a kindergartener making a piggy bank deposit or a teenager opening his first savings account, learning about savings and finances can be a fun and interesting adventure. These are my top five children’s books to help kick off the learning process with simplicity and ease.
Kids love the familiar character of Cat In The Hat so why not have this beloved eccentric feline introduce the topic of money to your child. This fun book provides a pseudo history lesson in finance for younger kids and will give them an overview of the different forms of money from various cultures. It’s not only a fun read for little ones, but parents will find the facts fascinating as well.
2. The Berenstain Bears’ Dollars and Sense by Stan Berenstain
Some other well loved children’s book characters are the timeless Berenstain Bears. This is another easy read that helps parents introduce money lessons to younger kids. It’s also a great way to sneak in that lesson on budgeting and the value of money during the bedtime story. While you visit bear country, Papa thinks it’s time to teach Brother and Sister how to budget their money. The fun part is this book also includes over 50 bonus stickers!
3. The Everything Kids’ Money Book: Earn it, save it, and watch it grow! by Brette McWhorter Sember
As your child grows out of the piggy bank stage, you might consider this book, which teaches them how to earn money, save it and then even make it grow. Parents can teach their kids everything from saving for a new bike to investing their allowance online. In this easy read, kids not only learn about how coins and bills are made, but also about what money can buy – from school supplies to fun and games – and how credit cards actually work, so that as your child heads into their early teens, these matters are no longer a mystery to them.
4. A Smart Girl’s Guide: Money (Revised): How to Make It, Save It, and Spend It by Nancy Holyoke
A financial guide geared towards girls. Why not get yours started early? This book teaches her about looking at her money style. We all have a money style. Some of us love to hold on to our cash, while others love to blow it on a shopping spree. Either way, this book teaches your kid tricks to saving for something big and how to earn it – a great skill to have towards financial independence. It makes money matters fun with a host of quizzes, tips, and helpful quotes from other girls.
I had to add this book specifically for the parents. Teaching financial responsibility does not have to be difficult, and like anything with practise and time, it becomes easier, so teaching it at an early age is the key. This book will help parents infuse everyday moments like trips to the grocery store into teachable moments on money matters. This book will give you a lesson in how to raise money-savvy kids so you don’t end up having them live in your basement 20 years later!
Managing money is a complex subject, but even kids can come to grips with it if you give them the right tools. Happy saving!