Does your child spend their allowance as soon as they get it? Or are they a 'saver'? Help your kids learn more about money (both saving it and spending it responsibly) with some books, online resources and a visit to the Money Museum.
Books & A Movie
An amazing story about how one small loan can change the lives of people. "One Hen: How One Small Loan Made a Big Difference" by Katie Smith Milway tells the story of a boy in Ghana who takes a small loan to buy a hen, and how that purchase changes the lives of all in his village. Kids will learn about the concept of loans & microloans, along with the concept of how making a small investment can have a large outcome.
"Flat Broke: The Theory, Practice and Destructive Properties of Greed" by Gary Paulsen - Kevin has lost his allowance and starts a series of businesses in order to make money, but not everyone is thrilled with his business practices/schemes. Lessons on money and business are integrated throughout this cleverly written fiction book.
"Show Me the Money" by Alvin D. Hall - Very colorful with sidebars, games and real-life examples that are relevant to tweens. Kids will learn the basics of economics including things like cash flow, supply & demand, fair market trade, and ethics.
Disney's "Schoolhouse Rock!: Money" gives kids a fun & musical introduction to some financial issues, such as the national debt, being responsible with money and spending.
Fun online games & resources:
- Play the Disney "Piggy Bank Adventure" game and learn about setting goals, play games and earn rewards.
- Learn about saving, spending smart and earning money with the U.S. Mint's games and activities.
- The U.S. Mint also has some great games kids can play to learn more about money.
Explore Money in KC
The Money Museum
Visit the Federal Reserve Bank in Kansas City to see the Money Museum. Discover hands-on exhibits and activities that teach kids about money and the economic system in our country. While you're there, you can:
- See an operating bank vault,
- Kids can design their own money,
- Try lifting a gold bar,
- Get a look at $30 million dollars!
Check the Visitor's page for hours and information - admission to the museum is free.