The Best Little Money Book
Tip of the Month
Money Lessons for Growing Children
Recently we learned about a wonderful website called Money as You Grow. If you have children ages 3 through 18 who need to learn about money, credit, savings and investing we encourage you to look at this site: http://moneyasyougrow.org/.
There are five age groups and each has four lessons with several points about each topic and suggested activities to give more meaning to the topic. For example, parents with children in the 3-to-5 group can teaching their children about why money is important and learning the difference between a want and a need.
In the 11-to-13 age group, topics include discussions about savings, how to make money grow and how using a credit card is like taking out a loan.
Money as You Grow started from the Council’s Youth Subcommittee, chaired by Amy Rosen who was vice-chair of the President’s Advisory Council on Financial Capability. This council gave recommendations to the President on how to enhance financial literacy. Amy is recognized as an expert in urban school reform and is a faculty member at the Columbia Business School.
The American Library Association selected this site as one of the best for children. From this site you can print an attractive poster for the refrigerator listing the key topics in each of the five age groups.
This site is for families, community organizations like schools and religious groups. Nonprofits working with children can benefit from the information and activities as well. Use this site to help you guide your children into being good money managers. You may even learn something yourself.
Money as You Learn is a place for educators to get ideas on how to include personal finance into teaching mathematics and English. If you are an educator or run an after-school program, you will find ideas for students from K–12 grades at http://www.moneyasyoulearn.org/.
The Money Team