{"id":319,"date":"2009-11-28T13:45:08","date_gmt":"2009-11-28T18:45:08","guid":{"rendered":"http:\/\/practicalbits.com\/?p=319"},"modified":"2017-04-03T11:45:14","modified_gmt":"2017-04-03T15:45:14","slug":"financial-literacy","status":"publish","type":"post","link":"https:\/\/practicalbits.com\/?p=319","title":{"rendered":"Financial Literacy"},"content":{"rendered":"

\"\"<\/a>As the holiday shopping season takes flight, now might be a good time to start talking financial literacy with your kids. Get a hold of the gimmies in the midst of the annual shopping bonanza:<\/p>\n

Go online:<\/p>\n

Let them try running a business – virtually: try Lemonade Stand<\/a>
\nhttp:\/\/www.coolmath-games.com\/lemonade\/index.html<\/a>
\nand it’s companion, Coffee Shop<\/a>
\nhttp:\/\/www.coolmath-games.com\/lemonade\/index.html<\/a>
\nhttp:\/\/www.coolmath-games.com\/0-coffee-shop\/index.html<\/a><\/p>\n

The Mint<\/a> – Activities, games, challenges, quizzes and tests to help kids be money smart (and to help you get them there)
\nhttp:\/\/www.themint.org\/<\/a><\/p>\n

http:\/\/www.moneyinstructor.com\/kids.asp<\/a>
\nTeach kids about money – how it’s made, how to save it, grow it, earn it.<\/p>\n

Reading for us:<\/p>\n

Money Doesn’t Grow On Trees: A Parent’s Guide to Raising Financially Responsible Children<\/a> – Did you know 180,000 young adults between 18 and 24 declared bankruptcy last year? Me neither. Teaching the difference between “want” and “need” can’t start too soon.<\/p>\n

Kids and Money: Giving Them the Savvy to Succeed Financially<\/a> – The author has been a writer for Forbes magazine, appendix includes online resources to help<\/p>\n

The No-Cash Allowance: A Practical Guide for Teaching Your Children How To Manage Money<\/a> – Develop money-management skills for your kids to make them financially-independent adults. Winner of the 2005 Mom’s Choice Award.<\/p>\n

Reading for them:<\/p>\n


\nThe Everything Kids’ Money Book<\/a> – The Everything Kids series brings you a tome to teach your kids how money is made, what it can buy, how saving and investing works – all in terms they can digest. Includes information about opening a bank account, banking online, saving allownaces and more.<\/p>\n


\nMoney Sense for Kids<\/a> – Divided into three parts, kids will learn everything about money – from how it’s made, to how it moves. Money Games includes activities to be shared with an adult.<\/p>\n

Economics, the fun way:
\n
\nWhatever Happened to Penny Candy?<\/a> (http:\/\/astore.amazon.com\/wwwpracticalb-20\/detail\/0942617525) Using historical events, this book explains investment cycles, recessions, inflation, demand for money and more.
\n
\nhttp:\/\/www.newyorkfed.org\/publications\/result.cfm?comics=1<\/a>
\nAlso: the Fed will send you a series of free comic books explaining currency and monetary systems in handy comic form<\/a>. And I’ll say it again: they’re FREE. Some of the stories are slightly fictionalized, but the principles are straightforward.<\/p>\n

Go see the dough:
\nhttp:\/\/www.moneyfactory.gov\/locations\/index.cfm\/3<\/a>
\nTake the kids on a tour of the Bureau of Engraving and Printing. After a brief introductory video explaining how paper goes from printing to monetization, you’ll take a walk through the catwalks of the facility. The “ask for free samples” joke never gets old.<\/p>\n

This article originally appeared in Helping to Homeschool, my column at communities.washingtontimes.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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