The topic of early financial literacy is near and dear to my heart. My professional background is in finance and I grew up in an incredibly resourceful home. Teaching children how to be responsible with money will benefit them a lifetime. I have experienced first hand the benefits of learning how to be resourceful and have also witnessed the heart ache of bad financial decisions. Below are a few wonderful activities and ideas that I hope will help you guide your children to better money management.
Kids & Money Philosophy
This journey must begin with a philosophy. What do you value? What are the critical points? How will you convey those points to your children?
- I adore a blog called The Centsible Life. She writes many great posts, most recently posting specifically about Teaching Kids to Manage Money.
- How do you feel about your own financial health? Before I embarked on teaching my children about money, I had to take a close, hard look at my own habits and situation.
- Allowance: Do you or Don't You? is a post I wrote describing the system I hope to create for my children someday soon. It is based on one with which I grew up.
- The Activity Mom has a great overview on how to talk to your children about money from preschool all the way up to high school.
- Here is a post I wrote outlining several ways to teach children at any age about money.
- I wrote this post that speaks to teaching younger children (toddlers and preschoolers) about money
Introduction to Money & Math
Starting early is never a bad thing.
- East Coast Mommy has a wonderful post on introducing children to money by sorting and patterning activities.
- The Golden Gleam has a sweet coin sorting activity her daughter and husband did together before depositing the contents of the piggy bank into an actual bank account (which I love!)
- Quirky Momma at Kids Activities Blog has a great sorting and counting activity with coins.
- The Activity Mom has a very effective “How Many In a Dollar?” activity with a FREE printable included in the post.
- The Mom Writes writes about 5 Fun Ways to Teach Toddlers Money Recognition and Identification
- Here is a Magic Coins activity that you and your children may enjoy
Learn with Science
Adding a twist like a science experiment is sure to grab children's attention!
- Quirky Momma at the Kids Activities Blog combines learning about money with science in this post. Giving your kids a very cool experiment to do with money is bound to get them interested in the topic, or at least it is a great way to grab their attention!
- Quirky Momma does it again in this post that outlines how to and the effects of cleaning coins. She also added a bit of sorting and counting in the end. An awesome activity that children will adore.
Learn through Giving
Teaching about money involves more than spending and saving management. An important lesson not to be forgotten is philanthropy. How can we teach “giving back” to our children in a way that sticks with them?
Learn through Saving
There are a few companies doing some wonderful work out there when it comes to teaching kids about money (Moonjar and Money Savvy Generation are two that come to my mind). These parents came up with their own very resourceful hands on way of teaching their children with a bank. I love it!
- Good Gravy Designs has very cool, simply and easy DIY Banks
- Come Together Kids came up with a very clever way to get her kids involved in their quest for an iPod Touch with a Shadow Box Bank
- Busy Kids = Happy Mom very resourcefully created DIY banks from old Pringles cans!
- Meaningful Mama even includes a “bank” for taxes! Love it!
Montessori Inspired Money Activities
Blending math, history, practical life and sensory work all into one, these Montessori resources holistically approach teaching children about money.
- Deb at Living Montessori Now has an incredible round up of activities in this post
- Counting Coconuts has an In Home Store as a Reward system but this store also serves as a great way to teach children about money
- Counting Coconuts also has a great not to be missed Introductory to Money post
- Implementing Chores with Preschoolers is a post I wrote generally musing about how to go about introducing chores into our homes with young children
- I wrote a post describing 5 tips & activities in our every day lives that enable parents and educators to guide children towards financial responsibility
Read Children's Books that Teach Money Sense
Reading is such a great way to get important points across to our children.
Thank you to all the contributors in this post! Each of the above references blogs are amazing resources for you in your journey of parenthood and education.
If you want to bring this learning into your home today, check out my Learning About Money Activities Pack!
Thanks for visiting us. I hope that we have inspired you today.