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Websites that Teach Kids About Money

Updated on February 11, 2013
Marye Audet profile image

Marye Audet-White is an internationally known food writer, food editor for Texas Living, cookbook author, and food blogger.

Start Early Teaching About Money

Whether you are homeschooling, or just want to teach your kids about money and finances there are several websites that have games and activities that present finances in fun and interesting ways. Allowing your kids to play the games or do the activities can add to the strong financial foundation that you are already giving them.

Understanding finances, how to budget, and how to save money for the future are life skills that are important to learn but often are neglected because they aren't an academic requirement as far as the state goes. Yet without these simple skills your child can lack the understanding he needs to create a comfortable lifestyle and take care of himself when he is an adult.

Kids need to learn about money early. Image: Morguefile.com
Kids need to learn about money early. Image: Morguefile.com

The Websites

Kidsbank is a fantastic, and kid friendly site. Various characters, like Penny, Interest Ray, and Dollar Bill guide your child through the site, giving them fun facts and important information on various aspects of banking, finance, savings, and economics. There is a game room, a quiz area, and a place for parents to read up on the various aspects of the website so that you can help your child get the most out of it.

The United States Treasury Department has a great website for kids that includes information, games, and teachers helps on the treasury department and other aspects of both personal and national finance. History of money, how it is minted, and how it is circulated are some of the features of this interesting site.

Savings Quest is an online flash game in which your child chooses a job, earns a paycheck, and chooses a savings goal. He must build a budget and handle other aspects of personal finances. Over a six month period (in the game, not in real life) he will have to work, handle expenses and save for a goal. This game can give your kids real life experience, it throws unexpected expenses at you just like in real life!

Savings Quest is from Wachovia, and has more links to other games on the main site. These are for a variety of ages, and include everything from online coloring pages to a game where you pick stocks and play the stock market.

Playing these games may not make your kid a financial genius but it will help him to have a better understanding of his personal finances and how they work. Being smart about money will help him succeed in the future, and who knows, he may be your retirement plan.

Teaching Your Kids About Money

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    • profile image

      m rafiq63 6 years ago

      This website is quite loaded. It has links to other website for all subject areas from K-8 Grade. I have found that some of the sites are not that great, and some of them don't work. But, there are several that are excellent.

    • janddplus4 profile image

      janddplus4 7 years ago

      My family uses Dave Ramsey's Envelope System. We are teaching our children to live debt free and to exercise financial responsibility. I will have to check out those websites you suggest. It sounds like a great addition to our program.

    • Wendy Mills profile image

      Wendy Mills 8 years ago from Wainfleet, ON, Canada

      Really all parents need to teach their children about money, whether they are homeschooling or not, because the public schools certainly don't teach children how to effectively manage their money!

      When homeschooling there are endless opportunities to teach children about money and develop their financial literacy. Also, if you have a home business, children can learn a lot by including them in aspects of the business. Teenagers can even learn to keep the business and tax records.

      Great resources, Marye! I bookmarked them on Del.icio.us

    • wannabwestern profile image

      Carolyn Augustine 8 years ago from The Land of Tractors

      Hi Marye, another link I'd like to suggest for kids over age 7 is PlanetOrange.Com. It is a comic book/virtual reality game format and has some really informative information in it.

    • solarpowered profile image

      solarpowered 8 years ago

      Thank you. What a great hub! Really enjoyed it.

    • solarshingles profile image

      solarshingles 8 years ago from london

      Very wise advice! And not just boring theory, but a real life experiences count, as you have mentioned.

    • Marye Audet profile image
      Author

      Marye Audet 9 years ago from Lancaster, Texas

      Thanks!

      It is important, especially in this economy, for kids to be informed consumers and wise investors.

      Oh, and Rachel, thanks for letting me know, I fixed the link

    • profile image

      jerseygirl 9 years ago

      Liked your hub... sites that I was not aware about and am now sharing with my daughter. Thanks much.

    • Rob Jundt profile image

      Rob Jundt 9 years ago from Midwest USA

      Bookmarking for my kids. Thanks.

    • RachelOrd profile image

      Rachel Ord 9 years ago from Palm Coast

      It really is very important to educate kids and young adults about money, how to budget, and how to save. I know when I was in school no one taught me, and it was a rude awakening learning it by trial and error! You offer some great tips and games here. Thanks

      P.S. FYI, I tried to click on your "young investor" link, but an error page came up.

    • RainbowRecognizer profile image

      RainbowRecognizer 9 years ago from Midwest

      Thank you, Marye - this is informative and I'll be bookmarking it to visit some sites with the kids! :o)

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