Business and Financial Education for Kids – Where to start?
Business and financial education for kids is a relatively new subject and not something we learned from our parents. There is plenty of free advice on financial education floating on the web, but not all of it is worth reading and believing. That is why we decided to create our own list of reliable resources, which you can find below.
3 learning resources for parents of very young kids who want to do things right from the beginning
Pigly.com – offers one of the most comprehensive guides on financial education for kids in the USA. We also really like their useful online calculators.
Money Smart – from Australia, this site offers a list of online activities with links, where you can find games and activities for all ages. You do need to dig a lot.
Kids & Money: Money Habits & Money Mindset for Life – FunFinance free guide to establishing good money habits
Practice math & counting coins with these simple online games
Top Marks – available in US dollars, Euro, British pounds and Australian dollars.
Change maker – practice math calculating change, 3 levels of difficulty available in US, Canada & Australia dollars as well as Mexican pesos
Tools & games to develop money management skills
The best way to start a conversation about money is through a money game and here is our favorite board game for ages 5 to 12. This game was developed by a teacher and tried by hundreds of families. Though currently only available for shipping in the USA, we hope to receive it in Europe soon.
Beyond the Bank binders teach kids the basic habits and skills of money management, starting them early on the path to leading financially successful and fulfilling lives. They’re tangible – kids can see the money they have right there in the binder. They’re philosophical – kids learn to set aside money for others and long-term goals before spending it on their latest whim. They strengthen delayed gratification muscles while sharpening math skills. They’re fun. They’re simple. And they look pretty cool, too.
FamZoo has more educational features than any other prepaid card product. It is the family FinLit card. Developed by a dad, Famzoom offers prepaid cards and a family finance app for kids, teens, and parents. Their website contains more than 350 family finance tips.
Our favorites for teenagers
Cash Crunch Games is our favorite among board games! There is a physical board game available for shipping in the USA, as well as online courses for teenagers.
Other free games and resources
Money Math – a fantastic set of financial math problems for 8+ years old children
Warren Buffet’s “Secret Millionaire’s Club” are Youtube videos with money management tips from the world’s famous investor.
10 sites with financial literacy resources & information recommended for educators
Teachers Pay Teachers – free and paid for resources created by teachers
Junior Achievement – the world’s biggest organisation reaching 100 million students. Find your country’s office through the link.
Fast Lane – free resource designed to promote financial education in U.S. high schools.
Practical Money Skills – financial literacy initiative by Visa – English and Spanish
Council for Economic Education
Cha-Ching from Prudential (UK)
Consumer education – (EU), available in different languages
My classroom economy – The Vanguard group (USA) – English and Spanish
Warren Buffet’s “Secret Millionaire’s Club”
Path to Financial Success by discoveryeducation.com
Global Money Week – the world’s biggest initiative to promote financial education