Give your child the gift of fiscal responsibility
Help them shape their financial futures.
Kids may think they know what they want to get for the holidays this year, but that doesn't mean they have a clue about what they need. Use this gift-giving opportunity as a chance to invest in them and help change their financial futures.
Here is a rundown of some of the best money-management gifts I have used for kids under 12.
The Money Savvy Kids @ Home program by Money Savvy Generation.
One of the most comprehensive financial-education packages on the
market, it's designed to be used as a complete curriculum on money.
Home educators will find that it is very similar to a unit study,
complete with parent handbook, student workbook, CD-ROM and cool piggy
bank. I've tried this program and found it to be one of the most
interesting. Covering the basic money principles -- save, spend,
donate, invest -- reminded me of my financial goals, and I learned
some quirky facts about the history of money in the process. This is a
well- thought-out program with much to offer kids ages 6 to 11.
Learning ATM. Grown-ups wanting to incorporate faith into their finances will find that the late Larry Burkett's Learning ATM
is a great way to teach philanthropic giving at an early age. This
piggy bank-meets-calculator allows kids to punch in their amounts as
they make deposits to watch their giving/saving/spending amounts add
up. Plastic ATM cards act like keys to keep the bank safe from snooping
siblings (or parents needing a spare quarter for tolls).
Preschool Money Manager Toolkit.
The Tessy & Tab Reading Club, a fun reading program for kids ages 2
to 6, has introduced money management to the preschool scene. Two story
books teach earning money and how to save, spend and share via colorful
pictures and bold text. Kids can make deposits into their Moonjar money
bank, and parents can read about chores, allowance, and incorporating
money management into their little ones' lives.
Need to read
more before starting a money-education program at home? Kiplinger has
come out with a very smart guide that covers many of the basics of
teaching your kids finance, called "Raising Money Smart Kids: What They Need to Know about Money and How to Tell Them." This is a great read with everything from lemonade stands to college funds, and all the in-betweens.
you stuff another crisp bill into that kid's Christmas card this year,
think ahead to what it will be worth. An educated child will put that
money to good use and will be prepared to make solid financial
decisions later in life. Your gift choice may not make your children
the envy of all their friends now, but someday they really could be.
Other articles of interest at Wise Bread:
- 5 cool DIY Christmas gifts for the under-6 crowd
- Revive old toys for extra Christmas savings and sanity
- Avoid the gift that belly flops
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