About 66.9% of American adults believe that financial literacy should be a mandatory part of school curriculum, according to a Finder.com study. With a push for more financial literacy education, our financial experts pulled together a list of financial courses with lesson plans, videos, games and quizzes on standby for parents and teachers to use.
This 8-week program teaches kids how to apply financial knowledge with the help of Maximillion Money, a character that guides kids through a financial literacy game.
Lessons and games aside, your child can also learn the ins and outs of managing money through top-notch kids’ debit cards designed to empower them to build healthy spending and saving skills. Some popular cards include:
BusyKid. This card helps your kids manage chores and automatically save part of their allowance while offering the chance to invest in stocks and give to charity.
FamZoo. This highly customizable account lets kids set up a budget and track chores and expenses. Parents can also split family bills and start a mock loan with interest that kids have to repay.
Greenlight. This card is packed with features that help parents limit their kids’ spending per store. It also offers investing for kids, a 1% to 5% savings bonus and cash back on debit card purchases.
Jassby. Along with allowance and chore tools, Jassby encourages kids’ financial learning by rewarding them with points for completing tasks. Kids can cash out for money at 100 points.
Step. Not only does Step help kids build credit just by managing their money through the app, but it also lets kids earn cash back in stores and save money using its round-up savings feature.
One popular way to teach kids about money is to give them an allowance, something which most parents (68%) do , giving on average $31 to their kids each week.
Bottom line
Kids can learn a variety of money skills, from counting coins to starting their savings. It’s never too early to teach your kids about money or provide them with the resources and tools to start. The point is to start the conversation so they can grow in financial literacy over time.
Sarah George is a personal finance writer at Finder who’s spent the last four years wielding her digital pen on all things banking and insurance. Her know-how has been featured in such publications as CBS, CNET and Reviews.com, and she was a panelist in Finder’s 2020 money-saving webinar. Sarah earned an English education degree and is a Certified Educator in Personal Finance.
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