Teaching about Money to Children - Activities and Resources

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Table Of Contents

Online Games and Apps
Books
Practical Exercises
Additional Resources

Online Games and Apps

Peter Pig’s Money Counter: This game helps children practice counting and saving money while learning fun facts about U.S. currency. Designed for ages 5-8.

Bankaroo: A virtual bank app designed for kids, teaching them about money management, budgeting, and saving towards goals. Suitable for ages 6 and up.

Money Metropolis: A game where children navigate a multi-dimensional world, making life decisions that will affect whether their virtual bank account shrinks or grows. Suitable for ages 7-12.

Books

“The Lemonade War” by Jacqueline Davies: This book offers lessons on profit, loss, and sibling rivalry, making it perfect for discussing business basics. Recommended for ages 7-10.

“The Berenstain Bears’ Trouble with Money” by Stan and Jan Berenstain: Ideal for younger readers (ages 4-7), this book teaches the value of money and the importance of hard work.

“A Chair for My Mother” by Vera B. Williams: This story focuses on saving and working towards a big purchase, suitable for ages 4-8.

Practical Exercises

Create a Family Budget:

Involve your child in creating a family budget. Use play money to allocate funds towards different expenses, showing the balance between spending and saving.

Savings Goal Jar:

Set up a savings jar for something your child wants to buy. This visual aid helps them understand saving over time for a goal.
Price Comparison: During grocery shopping, turn it into a game by comparing prices of similar items to find the best deal. This teaches budgeting and decision-making skills.

Play “Store”:

Set up a play store at home where your child can “buy” and “sell” items using play money. This exercise introduces them to transactions, handling money, and making change.

Additional Resources

Financial Peace Junior Kit by Dave Ramsey:

Designed for ages 3-12, this kit includes tools and resources to teach kids about money through stories and fun activities.

Junior Achievement Programs:

JA offers a variety of programs for K-12 students that teach financial literacy, entrepreneurship, and work readiness through experiential learning.

Curriculum Developer, Teacher Trainer, and Researcher

Rewati Raman Vishewar

Rewati Raman Vishewar, M.Ed., is an experienced education professional with over 23 years of experience in the education sector. He has worked for private education companies as well as in the NGO/Government sector. His active area of work is focused on preschool to primary grades, with a strong emphasis on curriculum development, teacher training, assessment, and research. Several Universities (Delhi University, Jamia Millia Islamia, MS University, Ambedkar University Delhi et al.) have accepted his research to be presented at Conferences. In his recent research, he studied the efficacy of assessment and feedback mechanisms in early childhood care and education (ECCE) across India for the Square Panda Foundation (submitted to the Ministry of Women & Child Development, India). He also reviewed the ECCE curriculum of Bodh Shiksha Samiti, the adolescent curriculum (ECCE to primary grades) of Doosra Dashak, and the ICDS curriculum of all States of India. His review of ICDS Curriculum of Bihar was accepted for presentation at the ECCE Conference of Ambedkar University Delhi. Raman has provided curriculum development, teacher training, and assessment services to premium private preschools. He has also conducted a six-month research project (unpublished) into a multi-grade, multi-level curriculum by conducting classes at SDMC Primary (Govt.) School, where children from underprivileged/low socio-economic families study. With his extensive experience and expertise, Raman is committed to making a positive impact in the education sector by improving curriculum, training teachers, and conducting research to ensure the best outcomes for students.

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