Teaching children about the state of our economy in these economically turbulent times can be challenging for parents especially when they don’t always understand the situation and terminology themselves. The following is a list of some great tips and resources that can help parents and children make sense of the economy, and also their own financial security.
- Scholastic News offers The Economy for Kids Special Report, a collection of resources, articles, puzzles, and games that explain how the economy works and how it affects us individually.
- TreasuryDirect.gov explains to kids the history of the U.S. debt, how the U.S. Government borrows money, and why the U.S. Government has debt. They also provide information about income tax, sales and excise tax, corporate tax, and treasury securities.
- The History of Money is a great article featured on PBS.org, which provides a thorough overview of the history of money throughout the world.
- Kiplinger.com has a “Money Smart Kids” column archive that contains numerous articles relevant to raising money smart kids.
- The Mint.org provides kids with facts about credit cards including the advantages and disadvantages of having them, what a credit history is, etc.
- Watch this interesting video from Kids.USA.gov about the Bureau of Engraving and Printing, also known as the Money Factory.
Teaching your children about the economy, the national debt, money management, and financial security doesn’t have to be a chore. The Internet is full of tips and resources that can help you along that path.
Remember that financial success and independence starts with forming the right habits and behaviors. Teach your kids to be good stewards of their money with our step-by-step program designed to enhance learning and ensure success. Our award winning hands-on application puts kids in control of their money and goals. Parents also receive ongoing tips to help raise money-smart kids.
Photo Source: https://twitter.com/EconomyUS