Kids will learn a lot more if you let them make their own mistakes landing page (which is still under development). Another great resource is the ..read more

There are a lot of resources out there. I think it makes sense to start with the free ones like Warren Buffett’s Secret Millionaire Club. We’ve watched most of them and, while it isn’t our kids’ most favorite show, it’s among their favorite learning shows. read some interesting things about it . It sounds a little like Shark Tank where kids (and toy experts) are judges of toys. I’m not sure how much personal finance it will teach, but it sounds like it would be a fun show. You can buy each of the two seasons of Unfortunately, if you want to watch all the episodes, it is quite expensive. It see ..read more

There may be better tools to teach financial literacy than this budget project. However, it’s a great introduction to financial literacy. start kids on a financial independence path . It’s free from Teachers Pay Teachers. Since this one is free, maybe I should call it “Teachers Don’t Pay Teachers ..read more

You may have noticed that I haven’t created new articles in the past few months. I had been working on a push to close out the year, but now I’m even more motivated. , and today they have decided that KidWealth is the Best Financial Literacy Content for Children ..read more

If you enjoyed this book review, please check out our guide to the . You can always change/modify/evolve it. will take them a long way. The second way to make your kid a millionaire is to teach them to be entrepreneurs. Kid Start-Up is the perfect guide for that path. is the best book on entrepreneurism for kids. The only nitpick is that the suggestions often go beyond the target ages of 8-9 years old ..read more

It will cost me a few extra dollars each week – more than $200 a year with the compound interest bonus. Between the two kids, it might cost me more than $500. They’ll American Girl: Smart Girl’s Guide to Money . Using the concept in . In that book, author David Owen suggests that the kids should apply for it in writing. , I’m going to pay him 1% a week. This is around a 68% annual interest rate. When he has $50 saved and gets an extra 50 cents each week for doing nothing, it’s similar to earning $9.75 a week in allowance ..read more

It was a great lesson, and it wouldn’t have happened if I didn’t let my son control his money with the FamZoo account. By empowering my son to , he is learning. In a related story, I have an update on the $7 shark pen my youngest son bought in that article. He came home at the end of the school year with it, and it was broken. The shark’s jaws wouldn’t open or close anymore. I asked him if he thought he got $7 of value out of it, and he said that he did. Maybe it wasn’t a money mistake after all. Maybe he is still learning some of the costs of things ..read more

is a children’s book written and illustrated by Vera Williams. It is a heartwarming story of a young girl, her mother, and her grandmother, who work together to save money and buy a comfortable chair for their new apartment after losing all their possessions in a fire. The story highlights the importance of hard work, perseverance, and saving money to achieve your goals. A Chair For My Mother has a few read-alongs on YouTube. This one seemed to be one of the best: include The Rag Coat by Lauren Mills, The Paper Bag Princess by Robert Munsch, and The Giving Tree by Shel Silverstein. These books ..read more

I found all these reader tips (along with Bodnar’s book recommendation) better than the original article. Over both articles, there are plenty of good tips – definitely worth a few minutes of your time. NPR’s Planet Money’s Summer School on investing . She’s written the book . For younger kids, I have my own opinion on the How to Turn $100 into $1,000,000: Earn! Save! Invest! best book to teach kids about money ..read more

If Schoolhouse Rock moves a little too fast or if you are looking for another television show to learn about money, see on February 1st, there, sadly, will be no money songs. teach your kids about money with television ..read more