Teaching Resources For Children (Ages 3-5)

  Planting the Seeds of Financial Literacy

Early childhood years are crucial for building the foundation of financial responsibility. This is when "executive function" skills – like planning and self-control – begin to develop rapidly. Through everyday experiences, children start to grasp basic financial concepts, understand numbers, and develop early values around money. These early seeds, nurtured through positive reinforcement and age-appropriate activities, will blossom into strong financial habits later in life.

Here's how you can nurture these seeds:

  • Delayed Gratification: This doesn't mean saying no to everything! Help them understand the difference between needs (like milk) and wants (like candy). Maybe they can save their allowance for a special toy instead of buying candy every trip to the store.
  • Making Choices: Offer age-appropriate options, like choosing between two different snacks instead of buying both. This experience teaches them that money is not unlimited and encourages them to prioritize.
  • Recognizing Value: Talk about how you earn money and use it to buy things the family needs. This helps them connect the dots between work and financial reward.

While executive function is key, children can also grasp basic financial concepts during this time:

  • Early Numeracy: Activities like counting toys or sorting objects by color build a foundation for understanding numbers.
  • Comparison Skills: Games that involve comparing sizes or quantities (big vs. small, more vs. less) lay the groundwork for future financial comparisons.
  • Familiarity with Money: Introduce them to coins through play money or by pointing out coins you use when making purchases.
  • Concepts of Buying and Selling: Play "store" together to introduce the idea of exchanging money for goods.
  • Financial Institutions: Simply talking about banks or ATMs exposes them to the idea of places where money is kept safe.

By incorporating these simple exercises into daily life, you're laying a strong foundation for their financial future! Lastly, to set yourself up for the most effective teaching, consider how you talk to your child about money.

How To Talk About Money With Your Kids

How To Talk About Money With Your Kids

When it comes to talking with your children about money, how you talk to your kids is just as important as when you talk to them. Children absorb much more than the words you say—they’re aware of your moods and attitudes too. It's important to start a conversation when you sense it can be productive and comfortable.

Free Teaching Resources

The internet is full of free resources to jumpstart your child's financial education, however, sifting through countless websites can be a time-consuming task. We've taken the guesswork out for you by handpicking our favorite free, publicly available teaching materials. These engaging resources, from interactive stories with helpful parent guides to online games and downloadable activities, make learning about money fun and rewarding for both you and your child!

<strong>Money As You Grow Bookshelf</strong>

Money As You Grow Bookshelf

The Consumer Finance Protection Bureau (CFPB) created the "Money as You Grow Bookshelf", a program that uses popular children's books to get parents started with reading and talking about money choices like saving, spending, and more. Their library includes guides for parents to help assist them with using their books as teaching tools.

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<strong>Meet the Money Monsters!</strong>&#160;

Meet the Money Monsters! 

This whimsical resource from the Consumer Finance Protection Bureau (CFPB) features a cast of adorable creatures learning valuable financial lessons alongside your child. Through engaging stories and activities, "Meet the Money Monsters" introduces key concepts like saving versus spending, making choices, and the importance of delayed gratification – all in a way that's fun and relatable for young learners.

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<strong>Practical Money Skills</strong>

Practical Money Skills

This award-winning program from VISA offers a wide range of topics, from budgeting and saving to responsible credit use, all presented in a fun and accessible way with free educational tools, from interactive games and mobile apps to age-appropriate articles and lesson plans. Developed in partnership with leading educators and financial institutions, "Practical Money Skills" empowers children (and adults!) to make smart financial choices.

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<strong>Money Math Worksheets &#38; Workbooks</strong>

Money Math Worksheets & Workbooks

Education.com's "Money Math" tools offers engaging resources tailored to different age groups. From helping preschoolers recognize coins to teaching fifth graders about decimals and budgeting, Education.com makes learning about money fun and interactive. These valuable workbooks and worksheets can empower your child to develop strong financial skills that will benefit them for years to come!