"Being an educated consumer with the ability to make sound financial decisions isn’t just an important skill for an adult. It’s never too early to start teaching a child to manage money wisely. It may be one of the most valuable life skills you can teach them.
In honor of Financial Literacy Month, here are some tools you can use to help teach your kids about spending, saving and earning.
- For young kids, the United States Mint offers H.I.P Pocket Change. The site has many activities and interactive games that teach kids about money.
- Kids ages 9-12 can play Fedville, the Federal Reserve Board’s interactive game that allows kids to earn, save, and spend play money while learning basic principles of managing money.
- You Are Here, from the Federal Trade Commission teaches teens about consumer concepts such as advertising, target marketing, protecting your privacy, and recognizing a rip-off.
- Reality Check allows young adults to calculate how much money they will need to lead independent lives.
- Personal Finance 101, provides tips to College Students about good credit habits and financial planning.
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