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Kids & Money: Books To Help Your Child Learn About Money

So far, I’ve been fortunate in that my son has proved reasonably receptive to my efforts to help him learn about money. He still makes money mistakes [3], as we all do, but he’s pretty good at correcting them when the consequences are pointed out to him. However, since he likes to read, in addition to playing games [4], I don’t see anything wrong with presenting him with a little extra reading material about money.

If you are trying to figure out how to help your kids get on the right track when it comes to money, here are some books to consider as you help reinforce lessons that your kids need to learn about money:

Ultimate Kids’ Money Book

Neale S. Godfrey offers this great book about money, aimed at children ages seven and up. The book is full of fun illustrations that help make different aspects of money clearer. The Ultimate Kids’ Money Book [5] even approaches such subjects as investing and credit. The bartering section is fun — I’m actually excited to see what my son will try to trade for…

Alexander, Who Used to Be Rich Last Sunday

One of my favorite books growing up was Alexander and the Terrible, Horrible, No Good, Very Bad Day. This book isn’t as information as the Ultimate book, but Judith Viorst makes a good point that kids can relate to. Alexander starts with a dollar, but somehow these vast riches are quickly frittered away. Alexander, Who Used to Be Rich Last Sunday [6] is a great read for children, and a good way to teach a valuable lesson; your kids may not even fully realize that they are learning something!

Growing Money

If you are having trouble expounding on the concepts of compound interest and investing to your children, Growing Money [7] might be able to help. Suitable for ages eight and up, Gail Karlitz and Debbie Honig offer simple explanations that make sense. Get your kids interested in investing, and maybe learn a few things yourself. A great guide that will help your children understand, at an early age, how important it is to put your money to work for you.

The Everything Kids’ Money Book

Brette McWhorter Sember takes a look at how kids can earn money, save it, and put it to work. This might be suitable for children who are more in the nine-year-old range, especially if they like history. This book presents monetary history, and offers facts and information that even adults can enjoy. The Everything Kids’ Money Book [8] is a great, basic handbook written in a way that is entertaining and accessible to children.

Munny Journey

This is kind of a fun idea: A keepsake journal for money. The idea is to start your child out with this money journal. It starts with baby’s birth, and helps parents allocate money to help children achieve financial freedom. And, the keepsake nature of the book encourages children to get interested, and learn important concepts as they get older. Munny Journey [9] is fun idea for new parents.

What are your favorite money books for kids?

(Photo: NatalieMaynor [10])