Websites that Teach Kids About Money
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.
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.