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Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy. Groucho Marx (1890-1977)
Surveys show that less than 40% of parents talk to their kids about money. However, most kids aren't learning financial skills in school, either. So how will your kids find out about money? Trial and error is a poor teacher. Children need guidance on how to spend, save and invest money. That's why talking with your kids about money-starting from an early age-is just as important as teaching them how to cross the street or tie their shoes.
Your credit union offers Looney Tune Savings to encourage your kids to save. For more information and activities on teaching kids about money, try these educational Websites. They are geared towards kids, but that doesn't mean you can't surf them too.
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- For teaching kids about coins and coin collecting, visit the U.S. Mint Web Page For Kids, H.I.P. Pocket Change. The site features cartoons, games and information for kids of all ages.
www.usmint.gov/kids |
- To help kids in grades 4-8 learn about smart saving and spending, visit Planet Orange. Highlights of this hip, animated site include hands-on problem solving, math activities and a "Parents Corner".
www.orangekids.com |
- Federal Deposit Insurance Corporation's Learning Bank is for students, parents and teachers. This text-heavy site doesn't have interactive activities but has good explanations on how banks work and their history in the United States.
www.fdic.gov/about/learn/learning/index.html |
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- Consumer Reports Online for Kids, formerly Zillions magazine, offers product info, smart shopping tips and advice from kids.
www.zillions.org |
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- The NEFE Teen Resource Bureau helps uncover some of the facts, myths, and lies that surround money. Ever heard the expression, "If your palm itches, you will be receiving money?". Instead of relying on old wives tales, learn how to get money, hang on to it, and make it work for you.
http://ntrbonline.org/
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