The Berenstain Bears books have a knack for tackling all of life's little lessons in ways that are so relatable. Brother and Sister seem to think that there is an infinite supply of money to buy all the things their hearts desire. Mama and Papa Bear encourage them to start businesses (i.e. pet walking, lemonade stands) so they learn to appreciate the value of a dollar.
Best Kids' Books about Money Teach Valuable Lessons
Good money habits can and should be encouraged in children from the time they are little. We are moving toward a cashless economic system, which can make money seem intangible to kids. With the swipe of a card or the input of a password, we buy all the things we need and want on a daily basis. But kids today rarely witness the exchange of real dollar bills for goods and services. That's why it's so important, more than ever before, that we take a proactive role by reading children's books about money management.
Children's Books on Finances Pay Dividends Later On
Here is a list of some fabulous kids books all about money. These stories combine humor, fiscal education, and some good old fashioned common sense. So grab some of these kids money books and snuggle up with your favorite little bean counter for some quality reading.
Brother and Sister Bear have gone on a spending spree. Their hands are full with baseball cards, ice cream cones, and candy, but their pockets are woefully empty. Papa Bear decides it is finally time to teach his offspring a thing or two about self-restraint and budgeting.
A very relatable money management book for kids about twins who have very different approaches. Their fiscally-minded grandfather wants to impart a valuable lesson so he makes a deal with the boys. He will give them each a dollar every single week for a defined period to do what they want with it. They are free to squander it on toys, treats, and junk. But, as a financial incentive, he makes a deal to give them a dollar for every dollar saved. Kids will learn a valuable lesson and perhaps even avoid making some money mistakes of their own.
Curious George has his mind set on a pretty cool toy train. So, like any responsible little monkey would do, he saves his pennies (for a VERY long time) until he finally has enough to buy it. Of course, as always is the case with George, his plan does not go smoothly and he manages to lose his piggy bank enroute to the toy store. But, really, the main point of this valuable book is George's realization that it takes a lot of work, patience, and savings to buy things you want.
A simple, short money concept story for preschoolers. Told from the the perspective a bunny, whose currency is carrots, this picture book shares a valuable lesson about not always getting everything you want.
A classic, funny book about a boy who gets in his own way most of the time. In this case, Alexander's grandparents gave him a generous amount of money (Ok, just $1, but a kid could do a lot with this amount in 1987 when this book was published!). Alexander dreams about all the things he could buy when he saves up. But, like most kids, his impatience gets the better of him and he squanders the single dollar almost immediately. That feeling of being rich is oh so fleeting.
Froggy is back with a plan to make a lot of money- selling lemonade- so he can buy all kinds of cool things. The only problem is that the day isn't so cool! And froggy ends up slurping down all the lemonade himself, leaving none for his paying customers. Laugh along with Froggy's friends as they brainstorm together and come up with quite a solution.
Learning about entrepreneurship at an early age sure has some benefits. A savvy little girl wants a new soccer ball with a price tag of almost $25. That's a lot of money, so she develops a plan to earn it herself. She observes her surrounding neighbors and discovers a "dirty" opportunity to make a little cash. A creative picture book about money that packs in some good lessons about mathematics, starting a business, learning from mistakes, and working toward financial goals.
Ruby and Max learn an important money management lesson while planning for their grandmother's birthday. Picking out the perfect present doesn't seem to be a problem. However, the two bunnies run into some snafus as they watch their savings vanish before they have a chance to purchase the birthday gift. A solid introductory lesson on math and money skills perfect for young elementary aged children.
This is one of our favorite money books for children. An overriding theme is the idea that kids develop their money habits based on what they witness of their parents. The three pillars of early money management- spending, saving, and donating- are all covered. Written by a successful financial planner, this book is packed with sound advice that could benefit all of us.
Set in Tanzania, a little boy with a generous heart saves diligently so he can buy a bicycle. His mother carries heavy loads to market every single day, so he decides he could help her with this task if only he had a bike. An award-winning book about money management, generosity, and community.
Lots of little kids start their own businesses, like lemonade stands and carwashes. But how many of them have to first purchase the items they need to get their businesses off the ground? In this cute story, a girl desperately wants a new doll but she doesn't have enough money. So she decides she will wash cars to earn the cash. But, wait! She first needs to buy supplies to run her car wash. A great lesson about the cost associated with starting a business in the first place.
Don't let the naysayers get in your head! Selling lemonade in the winter, or whatever other zany business idea your child has imagined, can be done! Join these siblings on their entrepreneurial journey and put to use their savvy marketing and mathematical skills. An engaging picture book packed with lots of text for readers with long attention spans.
We highly recommend this comprehensive manual that covers a lot of money material. Tons of cool, useful information about the stock market, credit cards, and the value of a dollar. Good, practical advice about opening a bank account, understanding interest, and watching money grow. Consider this more of a reference guide or coffee table book for kids who want to browse, rather than read a book cover to cover.
Saving up for a big purchase requires a lot of patience and perseverance. Little Critter learns this lesson the hard way when he decides he wants to buy a skateboard. Even though he diligently puts all his money away in his piggy bank, he never seems to be able to reach his goal.
A terrific guide for kids ready for a more sophisticated education about money. It's more of a lesson about economics than saving money in a piggy bank for a new toy. Business, personal financial and ethical topics are discussed throughout. The history of money is covered from the origin of currency to e-commerce.
A family of very hungry pigs learns a lesson! They have run out of food at home, and like many of us, decide they should eat out instead. But there's just one little problem- they don't have enough money. So off they go on a treasure hunt throughout their house, gathering coins under the carpet, in the washing machine, under the sofa cushions, and everywhere else nickel, dimes, and quarters accumulate. Then they learn a lesson in math as they add up their money and figure out what they can afford on the menu. Lots of solid money material in this picture book.
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Financial Education Starts With Children's Books about Money
Opportunities to Teach Your Kids About Money are Everywhere
Instilling responsible money habits can start from the time your children are young. Every single day there is an opportunity to talk about budgets, spending decisions, and savings goals. All of these little lessons can have a big impact on your children's relationship with money and their ability to stretch a penny when they have their own financial obligations. Here are some situations when you share your monetary wisdom with your little ones.
1. Show Your Child How to Save Money When Shopping
Whenever you make a purchase, there is a learning opportunity. If your child is with you at the grocery store, point out the Buy One, Get One Free sales. Also, download the food store app and point out all the digital coupons. If shopping for clothes, start by showing your little one the discount rack in the back where items are significantly reduced. Be sure to point out the difference in price between the retail price of new inventory at the front of the store versus the sale items.
2. Be Transparent About Household Expenses
Share some key information about the fixed expenses that are incurred by your family every month. Rent, mortgage, insurance, utilities, car payments, and cell phone bills are all examples of what to share with your children when they are old enough to understand. In doing so, you are providing them with a fundamental understanding of what it takes to support your family and why you make certain purchase decisions based on your budget.
3. Share Money Mistakes You've Made
Nobody is perfect when it comes to managing personal budgets. Perhaps there was a time when you made an expensive impulse purchase that you couldn't afford. Or maybe you racked up credit debt by spending more than your income and ended up paying high credit card interest. Lots of people have paid unneccesary bank fees from an overdraft or failing to maintain a minimum balance at one point in time or another. Share the lesson you learned with your child to help them from making the same mistake.
4. Talk About the Importance of Saving for a Rainy Day
Life throws a lot of unexpected curve balls our way. Cars break down, people get sick, roofs leak, jobs are lost, and so forth. When your family experiences one of these events, share with your child the way you prepared financially to deal with it. Talk about the sacrifices you made in order to save money for your emergency fund. This type of honest dialogue will stay with your children into adulthood when they will need to responsibly manage their own money.