It's never too early to start learning about money. Your children probably have an allowance. This teach them about responsible spending. But there is so much more to learn. Where do you start?
Thankfully, there are plenty of resources online for kids of every age.
Planet Orange http://www.orangekids.com/home.htm
This site is great for young boys and girls. Planet Orange is a world all about finance. Your kids will pick a guide (boy or girl) to explore with. They can learn about getting a job, saving, spending and investing. There are games and quizzes to keep kids interested.
This is a PC game about business. In it kids will take charge of a business on an alien planet. They'll raise capitol, pay employees, buy insurance and compete with other companies. It's been compared to SimCity. It's free to try. But the full game is $30.
H.I.P. Pocket Change http://www.usmint.gov/kids/
This site comes from the U.S. Mint. It teaches where money comes from and covers the Mint's history and coin collecting. There are tons of games and cartoons to keep kids learning.
Teach your kids about investing here. It covers every step along the way to smart investing. Kids will learn about getting a job and managing money. And it features a ton of information on smart investing. There is separate content for younger kids and teens.
More ways to teach kids:
- Video games can be educational http://www.komando.com/tips/index.aspx?id=5061
- Find other sites that make learning fun http://www.komando.com/tips/index.aspx?id=4628
- Do you know who is teaching your kids? http://www.komando.com/tips/index.aspx?id=3886
Bottom line teaching kids about money now may just pave the way to an economically sound young adult later.