cool, interactive tool for teaching kids financial literacy (2024)

Oh, friends.

How I wish I were better about teaching my kids to budget, to stay on top of finances, and to save money.

It’s not my thing.

But it should be.

It should be everyone’s thing. A basic necessity.

As I reviewed the cool, interactive tools for teaching kids about financial literacy fromPwC Charitable Foundation, this became crystal clear to me.

And because April is also Financial Literacy Month–yes, it really is!— what better time to share this with you than now?

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Except for our Spend, Save, and Give Jars from way back when, we have not done much in terms of teaching our kids how to save or the importance of being money smart–financially literate.

Sure, we gave our kids ways to earn money with Gem Jars as they got older, but we never really taught them how to budget. How to save. How to plan.

Or why it’s necessary.

I learned a ton from these resources on Earn Your Future Digital Lab, and I’m amazed that they’re available for anyone–any parent or teacher to use.

Here’s the skinny. . .

Cool, Interactive Tool for Teaching Kids Financial Literacy:

This whole thing may sound pretty crazy and complicated, but it’s not. The Earn Your Future Digital Lab makes things pretty easy and straightforward once you register as a parent or teacher on the site.

When you get to the site, you’ll see a screen like this:

Register.

Register, my friend, to get the fun rolling.

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cool, interactive tool for teaching kids financial literacy (3)

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Registration is simple and will only take you a minute or two for parents or teachers.

Goodness knows that we’re all so busy we hardly have time to learn one more platform, right? This one, my friends, is easy.

I promise it will take a second.

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They’vemade it really easy for you to add a student (or child, if you’re a parent) or to import a class list from a .csv file.

If you’re a parent and you’d rather not add students (like I did above, because I’m a really big nerd), you can simply have your child access the Earn Your Future Digital Lab by clicking on the ‘Launch Earn Your Future Digital Lab’.

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Once on the screen, kids can choose either:

  • Level 1 (Beginner): content designed for kids in grades 3-5 [Coming in fall of 2016!]
  • Level 2 (Intermediate): content designed for kids in grades 6-8 [focus: Help them plan for their future and make smart decisions about money.]
  • Level 3 (Advanced):content designed for kids in grades 9-12 [focus: Prepare students for life after high school and a look at careers, income, saving, credit, budgeting, home buying, risk insurance, stock market, and more.]

We only really looked at the Level 2 resources since Maddy is in grade six.

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In Level 2, there are seven sections to explore:

  • Module 1: Mortgage Mystery
  • Module 2: Truth or Dare?
  • Module 3: Can I Afford a Phone?
  • Module 4: Too Good to be True?
  • Module 5: What’s Your Interest?
  • Module 6: #Link2YourFuture

Maddy looked closely at several modules over time, and I think we both learned a lot.

Kids can earn ‘badges’ for each module they complete. You know we all love a little pat on the back when we finish something with success. . .

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Each section is interactive and packed with information. I mean packed.

Like any solid lesson or unit plan, the modules contain pre-tests, reminders, mini-quizzes to check for understanding, repetition of material, and engaging, interactive components.

The support and resources available is astonishing. Really.

Each module contains printable teacher guides, introduction videos, related videos, and more. I actually almost couldn’t believe how much support was there–but it needs to be! Some of these topics are pretty confusing for kids — and adults!

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The lessons provide a ton of talking points and conversation starters for kids and parents; the PwC Charitable Foundation also includes more related resources on their website.

They’re organized both by topic and age level. You can grab them here: Additional Financial Literacy Resources.

Andreally, I’ve said this before, but it’s worth repeating: the resources are amazing.

Though this is a latebeginning for us as far as raising financially literate children, I’m excited.

I really am.

I’m excited about these resources.

I’m excited about this opportunity.

I’m excited that I get to share this with you, and I’m excited that all of our kids will learn a bit thanks to the Earn Your Future Digital Lab.

And I’m excited that I get to learn a bit, too.

What do you think? Is this something that you will check out with your kids? Might you pass on these resources to your child’s school or teachers?

I’d love to hear it!

fyi: This post was written as part of a partnership with PwCCharitable Foundation, but as always, all opinions are my own, influenced only by my experience as a parent and educator.

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cool, interactive tool for teaching kids financial literacy (2024)

FAQs

How to teach kids financial literacy? ›

When they're little
  1. Introduce the value of money.
  2. Emphasize saving.
  3. Introduce them to investing.
  4. Encourage a summer job.
  5. Introduce them to credit.
  6. Consider a Roth IRA.
  7. Help them set a budget.
  8. Encourage them to stay invested.

What is the best method in teaching financial literacy? ›

Give Students Real-Life Scenarios to Solve

Providing real-life scenarios to students is an excellent way to teach financial literacy. You can help your students understand how to calculate taxes, create a budget, or develop a purchase plan.

How do you integrate financial literacy in the classroom? ›

Embed financial concepts in subjects like Mathematics and Economics, and encourage project-based learning where students create budgets, understand savings, and explore investment basics. This practical approach makes financial literacy relatable and engaging for students.

How can I make literacy fun? ›

10 Tips to Make Reading Fun for your Early Readers
  1. Start with books that are interesting to them. ...
  2. Make it a game. ...
  3. Read together. ...
  4. Let them choose their books. ...
  5. Encourage them to read aloud. ...
  6. Give them time to read. ...
  7. Let them reread their favorite books. ...
  8. Make it a family affair.
Apr 27, 2022

How to play payoff? ›

When everyone is ready, the teacher starts the game allowing students to play. There is an option to login as a teacher, student or solo player. Students' scores go up when they save money and make good financial decisions, and go down when they spend money or make poor decisions.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

What is the best age to teach financial literacy? ›

He recommends teaching five- to eight-year-olds “very, very basic things” like that money has value and how choices made with it have an impact. For eight to 12-year-olds topics can be more complex, Landolt believes. “You can talk about the different types or uses of money.

How to teach kids coins? ›

Always start with the coins of greatest value and work your way down. For example, if you have 3 nickels, 1 dime, 2 quarters, and 5 pennies, count the quarters first! After the quarters, the second most valuable coin is the dime. Then comes the nickel.

What should be taught in a financial literacy class? ›

Example of Financial Literacy

Understanding concepts such as credit cards, bank accounts, interest rates, opportunity costs, debt management, compound interest, and budgets, for example, could help her students start saving and manage the student loans that they might rely on to fund their college education.

What are the 4 main financial literacy? ›

It's a good time to brush up on the principles of financial planning— budgeting, managing debt, saving and investing. Being financially literate means you have the wherewithal to make financial decisions with confidence.

What are the 3 keys to financial literacy? ›

Three Key Components of Financial Literacy
  • An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan. ...
  • Dedicated Savings (and Saving to Spend) ...
  • ID Theft Prevention.

How do you teach financial literacy to elementary students? ›

Tips for Teaching Kids About Financial Literacy
  1. Make it Fun. ...
  2. Be a Good Role Model. ...
  3. Discuss Your Spending and Saving Habits. ...
  4. Give Them an Allowance. ...
  5. Talk About What Money Does. ...
  6. Let Them Work. ...
  7. Encourage Saving. ...
  8. Emphasize the Importance of College.

How do you integrate literacy into lessons? ›

Six Guiding Principles to Help Classroom Teachers Boost Student Literacy
  1. Establish a culture that supports literacy. ...
  2. Explicitly teach skills. ...
  3. Create a compelling classroom library for independent reading. ...
  4. Confer with students individually during independent reading time. ...
  5. Talk about books. ...
  6. Write about books.

How do you demonstrate financial literacy? ›

Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.

Why is financial literacy interesting? ›

It equips you with the knowledge to make informed decisions, leading to greater monetary stability, less stress, and a higher quality of life. Financial literacy empowers you to take control of your finances and navigate the challenges and opportunities that arise. It is a crucial element in achieving financial health.

How do you grow financial literacy? ›

6 ways to improve your financial literacy
  1. Subscribe to financial newsletters. For free financial news in your inbox, try subscribing to financial newsletters from trusted sources. ...
  2. Listen to financial podcasts. ...
  3. Read personal finance books. ...
  4. Use social media. ...
  5. Keep a budget. ...
  6. Talk to a financial professional.

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