Category: Teach Money

Teach Kids about the Stock Market

How to Teach Your Kids About the Stock Market

The stock market is one of those things that everyone knows about, and the basis of what it does—a place to buy and sell shares of a company, that reduces individual risk. But when you get down into the details of how buying and selling those stocks work, what companies sell what shares, and how to invest with as little risk as possible, that’s where most people will draw a blank. This is why it’s so important to start teaching little ones about these complex subjects early so that when the time comes to make financial decisions like investing, they’re making the smartest choices possible.

So, how do you teach your kids about the stock market? If you are unsure where to start, we’ve got you covered. Read on for our recommendations!

Recommended Resource – Free Investing Printables and Labels

As hard as it is to believe, one day your little one will be all grown up and investing in companies through the stock market. They really do grow up incredibly fast, so the sooner you start teaching them these concepts, the better off they’ll be. Luckily, the team at Turbo Intuit has put together a list of fun, interactive printable activities to facilitate a necessary conversation about how the stock market works with you and your little one.

Start simple by teaching the concepts of investing vs. saving. If you give your kiddo an allowance, set up two jars labeled with saving and investing labels. Explain to them the importance of putting money away for later, and then break down the differences between saving their money and investing it. Let them know that if they put their money into the saving jar, they can retrieve money from there at any time with no penalty. If they put their money into the investing jar, and they leave it in there and don’t take any out, you’ll add a certain sum to the jar at the end of the month. Level up your investments as they get older, and soon they’ll learn the value of investing.

More Ideas on How to Teach Your Kids About the Stock Market

Another activity to get your little one thinking about finances are the concepts of risk and reward, which can be easily taught with just a pair of dice. Give your child five Skittles, and let them know that if you roll a “3” or “6” on the dice, they get five more. But if you roll a “1” or “2,”  they lose the Skittles they already have. Let them make the choice of whether or not they want to roll, and use the printable risk and reward scale to help them visualize these choices. Explain to them that this is how buying stocks works, sometimes you’re rewarded, sometimes you’re penalized.

Sometimes, the best way to explain how the stock market works is simply by having your child look at it for themselves. Using the stock tracker printable, look up three or four stocks together and write down their current prices. Each week, remind your little one to look up the prices. After a month or so, they’ll be able to immediately see the way stock prices fluctuate up and down and you can help them understand the importance of investing in a strong and steady stock.

How To Teach Your Kids about The Stock Market – Start Now!

No matter which activity you choose to help your children understand the stock market, the end goal is raising a money-smart little one who truly understands the value of a dollar and the importance of making good financial decisions. These concepts are important to earn early on, and there’s no time like the present to start teaching!

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Board Games that Teach Money Skills to Kids

6 Great Board Games That Teach Money Skills

Great board games are fun, engaging and can be wonderful learning tools! Here we share 6 of the top rated board games that teach money skills to young children.

[Please note that we might share a small portion of the sales from the links on this page. We only share products that we truly love and recommend. Thank you for your kind support of The Moneywise Teacher! Now onto our review of 6 awesome board games that teach money skills to kids. Header Image © Stephan Dinges /Adobe Stock]

1) Cashflow for Kids

Cashflow for Kids. Click the photo to see the price on Amazon.

We start our list of board games that teach money skills to kids with Cashflow for Kids. This game was developed by Robert Kiyosaki, author of the #1 selling personal finance book of all time, Rich Dad Poor Dad. He considers the game the realization of his vision for an interactive tool for financial education for children.

This highly engaging board game simulates real life situations and financial strategies in ways that both children and adults love. Through this game, your kids/students will gain insight into how money and investing work.

2-6 Players, Suggested for Ages 6+. Check the Price of Cashflow for Kids on Amazon HERE

2) The Allowance Game

The Allowance Game. Click the photo to see the price on Amazon.

The Allowance Game is an involving, skill-building game where players race around the board while doing “chores” to earn their “allowance”. After earning money, they can then spend it on things they want or save it.

This game is wonderful for teaching kids how to to identify money values. As children play, they learn to make change, handle money and more.



2-4 Players, Suggested for Ages 5-11. Learn More About The Allowance Game on Amazon HERE

3) Money Bags – A Crazy Coin Counting Game

Money Bags. Click the photo to see the price on Amazon.

As the name suggests, Money Bags – A Crazy Coin Counting Game offers a fun way to teach children money-counting and combining skills.

The object of this game is to earn money while winding along a cartoon path. Money is earned by landing on “chore” square, labeled with a practical task, such as setting the table or an entrepreneurial endeavor such as opening a lemonade stand.

To collect money, the spinner determines which coins can or cannot be used, an excellent element to the game that encourages problem-solving and critical thinking.


For 2-4 Players, Suggested for Ages 7+. Learn More About Money Bags on Amazon HERE

4) Exact Change

Exact Change. Click the photo to see the price on Amazon.

Exact Change is similar to UNO in that the goal of the game is to play all of your cards first. You can discard cards by matching the color of the last card, its value, ($1.00 on $1.00, etc.), or by making EXACT CHANGE.

For example, if the last card played was a quarter, and you had two dime cards and a nickel card, you would be able to combine and discard all three of them at once!

This game is among the best board games that teach money skills to young kids.


2-6 Players, Suggested for Ages 6+. Learn More About Exact Change

5) Pay Day

Pay Day. Click the photo to see the price on Amazon.

Pay Day is a simple but fun game. Kids will learn how to get from payday to the end of the month. The object of the game is simple: have the most money at the end of the game!

Each square on the board has an event such as receiving mail (insurance offers, bills, etc.) or buying a deal (property). Players will learn how to save and may only start or add to their savings on pay day.

This classic game is great for social interaction. It can also be very quick as games can last as little as 15 minutes.


2-4 Players, Suggested for Ages 8+. Learn More About Pay Day

6) ThriveTime for Teens

ThriveTime for Teens. Click the photo to see the price on Amazon.
Board Games that Teach Money Skills - ThriveTime for Teens

Our final game in our list of the best board games that teach money skills is ThriveTime for Teens, which can give teens a real look at finances.

During the course of the game, players have to navigate major life decisions such as paying for college, deciding whether to utilize credit cards, starting a business, investing and more. This game even gives teens the option to give back financially to the community.


2-6 Players, Suggested for Ages 13+. Learn More About ThriveTime for Teens

Other Great Board Games to Teach Money Skills?

I hope you will try some of these games with your children and/or students!

Have you downloaded our huge list of 112 teacher freebies yet? Among the freebies are some great games you can download and print for free! If you know of any other great board games that teach money skills to children or would like to comment on the games above, please leave your comments below!

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Money Books for Kids - 5 Top Children's Books on Money

Money Books for Kids – 5 Top Children’s Books That Teach Money!

Unfortunately there is generally a lack of financial education in most schools today. That said, it usually falls on us as teachers and parents to instill money skills. Money books for kids can be a great way to start young kids on the path to a solid financial foundation. To help you and the important kids in your life, here are 5 of the top children’s books that teach money skills!

What are the Best Money Books for Kids?

Here are Our Top 5 Children’s Books That Teach Money:

  1. How to Turn $100 into $1,000,000: Earn! Save! Invest!
  2. Growing Money: A Complete Investing Guide for Children
  3. The Kids’ Money Book: Earning, Saving, Spending, Investing, Donating
  4. Go! Stock! Go!: A Stock Market Guide for Enterprising Children and their Curious Parents
  5. Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss

1) How to Turn $100 into $1,000,000: Earn! Save! Invest!

Could this be the best money book for children? Many kids and parents think so! We start our list with a children’s book on money that comes highly recommended, How to Turn $100 into $1,000,000: Earn! Save! Invest!. This book is billed as being for any parent who wants to raise unspoiled and financial savvy children.

This humorously-written book is packed with lively illustrations and seeks to make difficult concepts easy to understand. Young readers will learn the basics of earning, saving, investing and spending their money.

2) Growing Money: A Complete Investing Guide for Children

Growing Money: A Complete Investing Guide for Children is a fun, informative and engaging money book for kids.

As the title suggests, this money book for kids is focused on helping children grow their money. Topics covered include saving, stocks, bonds and mutual funds.

3) The Kids’ Money Book: Earning, Saving, Spending, Investing, Donating

Next on our list of top money books for kids is The Kids’ Money Book: Earning, Saving, Spending, Investing, Donating.

This book teaches children how to make the big bucks, invest, create a budget, invest and donate to charity! Importantly, part of the focus of this book is to help kids understand the difference between needs and wants. Entrepreneurship is also covered.

4) Go! Stock! Go!: A Stock Market Guide for Enterprising Children and their Curious Parents

Fourth on our list of the best money books for kids is the Go! Stock! Go!: A Stock Market Guide for Enterprising Children and their Curious Parent.

This book utilizes a cartoon-like style to help kids understand the stock market. Children will have fun learning the fundamentals of investing, stocks and bonds with this 5-star rated story.

5) Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss

Our final featured money book for kids is Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss .

Next in our list of money books for kids is an informative and entertaining book that covers many important topics. It seeks to help kids on their path to making savvy financial decisions. Topics covered include the history of money, earning, saving, investing, giving, credit, the stock market and more!

Money Books for Kids – What’s Your Favorite?

I hope you will read some of these fantastic children’s money books with the special kids in your life. If you have your own favorite money book for kids, please share it in the comments below! You may also be interested in our list of games that teach money skillst to children

Money Books for Kids Pinterest

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best homeschool curriculum

Best Homeschool Curriculum – 13 Top Recommendations

Cathy Duffy is the know-all when it comes to homeschooling. She has reviewed hundreds of homeschool resources to help educators and parents shopping for. We reached out to her and asked: “So, what is the best homeschool curriculum?”

Here’s a handful of Cathy-approved homeschooling educational picks available on Amazon. We hope that these 13 recommended resources will save you from countless hours of shopping around for the best homeschool curriculum.

Best Homeschool Curriculum – Elementary Math & Science

Life of Fred Elementary Math

Best Homeschool Curriculum - Life of Fred Elementary Math

If you have yet to hear of Life of Fred, you are in for a treat. Developed by math teacher Dr. Stanley F Schmitt, this story-based math learning series has taken the homeschooling world by storm! In this series, learners follow Fred and his pals through life while learning math concepts along the way. Truly, kids often don’t even know they’re learning something until they are told!

Each Life of Fred book has a single topic, like Apples, Ice Cream, or Money. (Yes, our Moneywise Teacher readers will love that one!) Cathy recommends that you supplement your students’ math learning with social studies or science based around the same topic!

Check the price of Life of Fred Elementary Math HERE

Math Lessons for a Living Education


The premise of Math Lessons for a Living Education is that“content, story, and the ability to show math in real life” is what makes a stellar math curriculum! In real life, there are no barriers between “subjects.” As an example, when cooking or baking, we use reading, logical thinking, and measuring skills. This exceptional series is committed to teaching math in the same organic way!

Check the price of Math Lessons for a Living Education on Amazon HERE

Math Mammoth Light Blue Series


A favorite of homeschool parents, the Math Mammoth series constitutes a full elementary mathematics curriculum for 1st-7th grades. With this series, kids can learn on their own with the comprehensive student books.  The focus with these book is on conceptual learning.  They are visually engaging, and chapters are organized by topics and themes.

One very happy homeschool parent said about this series: “We have tried three different math curriculum programs but this one seems the best for the teacher and student.”

Check the price of Math Mammoth Light Blue Series on Amazon HERE

A+ Interactive Math (by A+ TutorSoft, Inc.)


This interactive math curriculum can make the homeschool math journey easy.  A+ Interactive Math can do it all–teaching, grading, and tracking! This program allows you to personalize lesson plans in order to target exactly what your student needs. A bonus is that you can choose the best format for you  (and your students) – CD, eBooks or online!

Check the Price of A+ Interactive Math Products on Amazon HERE


Mathematical Reasoning Level A

This engaging book presents kids with a fun and colorful explanations, examples, and charts. These wonderful lessons are perfect for teaching your kindergartner mathematical foundations.

Check the price of Mathematical Reasoning Level A on Amazon HERE

enVision Math

Envision Math Homeschool curriculum review

This visually rich and fun curriculum focuses on one topic at a time, which should allow your child to master a concept before moving on to the next one.

Included with each enVision Math Homeschool Bundle are a Student Edition Worktext and a Teacher Edition CD-ROM.

Check the price of Envision Math Level 1 on Amazon HERE

Best Homeschool Curriculum – Elementary Reading & Writing


Grammaropolis can be a wonderful tool for K-3 learners as they seek to perfect their English grammar. This set comes with animated shorts, books, quizzes, and music videos. Lots of learning styles are covered here!

Check the price of Grammaropolis on Amazon HERE

Spelling Workout

best homeschool curriculum - spelling workout


Spelling Workout will help create a solid foundation of phonics principles. Included are puzzles, riddles, and activities that will keep your students engaged.

Included in each bundle are a Student Edition, Teacher Edition and Parent Guide.

Check the price of Spelling Workout on Amazon HERE

Best Homeschool Curriculum – Middle School Math

Life of Fred Beginning Algebra

Life of Fred Intro to Algebra for Homeschool


Back to Life of Fred! Algebra learners and beyond will love the stories and learn the concepts through holistic learning. It is recommended that if your advanced learner is new to Life of Fred that they start from the beginning. This re-learning of concepts will help them get up to speed and can set them up for success.

Check the price of Life of Fred Beginning Algebra on Amazon HERE

Life of Fred Financial Choices

Best Homeschool Curriculum - Life of Fred Financial Choices

Considering the theme of this website, we would be remiss to not include a recommendation on a homeschool curriculum that instills strong financial decision-making. The Life of Fred Financial Choices book is definitely a great intro and a great resource for helping you teach money skills.  Be sure to supplement this with these 5 Great Board Games that Teach Money Skills.

Check the price of Life of Fred Financial Choices on Amazon HERE

Best Homeschool Curriculum – Middle School Social Studies

myWorld Social Studies

Best Homeschool Curriculum - myWorld Social Studies


This sets a foundation for students to become engaged citizens by learning about US politics and history. Includes a teacher’s guide for every chapter, lesson plans, editable tests and even audio podcasts on each subject!

Check the price of myWorld Social Studies on Amazon HERE

Best Homeschool Curriculum – Science for the Family

Magic School Bus Nature Bundle

Magic School Bus Nature BUndle for Homeschool

This set comes with four science kits and covers topics like the weather, “going green” (recycling, composting, etc.), solar energy and “wonders of nature” (fun stuff like ant hill building, dissolving an egg shell and more!).

Check the price of Magic School Bus Nature Bundle on Amazon HERE

Science Detective A1

With this series, your science detective kids will engage in mind-building exercises! Science Detective prepares students for more advanced science courses and also gives them opportunities to build their reading comprehension and reasoning skills.

Check the price of Science Detective A1 on Amazon HERE

Best Homeschool Curriculum – Your Picks?

We hope this selection of 13 recommended homeschool curricula has helped you decide on your own personal best homeschool curriculum. Please let us know in the comments what you think, and also if you have any recommendations for any picks we might have missed!

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Classroom expenses got you down?

Are Out-of-Pocket Classroom Expenses Dragging You Down? A Helping Hand May Be Just a Click Away

You Get Out of It What You Put Into It

Keeping your body in shape and keeping your personal budget in shape have a couple of things in common. Both are a struggle to stay on top of, and both are a matter of input and output. If you want a lean body, cut back on the food and crank up the exercise. If you want a fat wallet, increase the revenue and decrease the expenses. It’s pretty simple math.

While physical fitness is more a matter of willpower, fiscal fitness is another issue. It’s one thing to say no to the Krispy Kremes in the lounge and say yes to a stop at the gym (in spite of the stack of ungraded papers on the passenger seat), but when times are tight, you can’t just say no to your bills, and simply saying “Yes, please!” to more money doesn’t mean it’s going to show up in your account.

It helps when you don’t have to go it alone. A workout partner in the gym or a friend to question whether you really need a second helping of mashed potatoes can be just what you need to get through a moment of indecision. But when times get tough with your budget, the friend that might be happy to go for a run with you has a habit of running away when you start talking about needing help with your cash flow.

So, if you’re feeling alone in the battle of the bulge in your wallet, maybe the solution lies in finding some new friends. Where am I going to find friends who are going to want to help me with my budget woes, you ask? Trust me, they’re out there; you just haven’t met them yet.

Eager Donor, Meet Worthwhile Cause

Increasing revenue is a tough task for a teacher during the school year. You work long hours outside of the school day – don’t forget the stack of papers you carpool with – and finding outside work that fits your school schedule can be next to impossible. Well, if you can’t increase your revenue, your only other option is to cut your expenses, and getting a little help from “friends” through a crowdfunding source like Donors Choose can be just the boost that you need.

There are many crowdfunding sources available, but Donors Choose is one that is specifically for teachers and one that teachers and students at our school have benefited from numerous times. At Donors Choose, teachers can ask for help to cover the out-of-pocket costs for classroom items that are not covered in the school’s budget – the essential non-essentials, so to speak – that make a significant dent in a teacher’s wallet but are critical to creating a classroom atmosphere that is warm, comfortable, and conducive to learning. In the past few years, funded projects at our school have ranged from classroom sets of books for young adult readers, to comfy furniture for a cozy learning center, to a classroom pet.

Ask and There Is a Good Chance You Will Receive

Donors Choose was created in 2000, and it is a free service for full-time teachers at U.S. public or public charter schools. As of this writing, 276,186 teachers have received funding for 687,627 projects. These projects have benefited 17,579,385 students thanks to the generosity of more than two million donors. The Donors Choose website says that 75% of the proposed projects reach their funding goals.

Once you open an account with Donors Choose, you are able to post a project. To post a project, you will have to answer a few short essay questions and provide details about your project. Once it is funded, the materials are sent to you and all you have to do is provide the thank you cards and the photos of the happy students (and teacher).

A Friend in Need …

In South Carolina, the State Department of Education gives each of our teachers a $250 stipend to cover classroom purchases which is usually gone before the first child steps in the door in August. After that, if it is not included in a line item in the school’s budget, it is coming out of the teacher’s pocket. Fortunately, sites like Donors Choose provide an opportunity for teachers to tap into a network of donors who value public education and are looking for ways to help financially. Who knows, you might catch a break like we South Carolinians did when native son, Stephen Colbert, picked up the tab for over 1000 projects worth more than $800,000 in May of 2015.

Those are the kinds of friends that teachers need.

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7 Money Myths Kids Believe & How to Correct Them

7 Money Myths Kids Believe & How to Correct Them

In modern society, cash is no longer king.

With debit cards in every wallet, companies paying with direct deposit, and people taking advantage of online banking, it’s no wonder kids today don’t have a clear understanding of money.

With our current digital economy, many people no longer carry cash, opting to use debit or credit cards instead. That means the current generation of children see less and less physical cash, making money seem like an almost abstract concept. And with most parents not sharing much about finances with their kids to protect them from money woes, children are learning less and less of the information they need to prepare for life as a responsible and productive adult.

Here are seven common money myths kids believe and what teachers can do to correct them.

Myth #1: Money Is Only Used to Buy Stuff

Ask a child what money is used for, and he’ll tell you it’s for buying stuff. While that’s true, most children see people spending money only on things like food, gas, and clothing. When it comes to things like electricity, water, heat, internet, and phone service, a surprising amount of children think these things are free. And if a kid has never seen his parents going through the process of buying a house or car, he may not realize the extent of money these things cost.

 Teacher Fix: When teaching money lessons in primary school, do more than just teach kids to count and buy trucks and dolls. Give examples of other things money is used for and how much things like utilities cost. Have older students detail what it costs to get an apartment to help them understand the bills they’ll someday have.

Myth #2: There Is No Budget

Many kids don’t know that money has to be budgeted. Families on television don’t have to wait until payday to buy new shoes or worry about how to pay the fuel bill, but those in real life do. Because of this omission from what kids perceive, there’s a lack of understanding that each person only has a limited amount of funds that must be used to cover all his or her expenses.

 Teacher Fix: Kids off all ages should be exposed to budgets and how to use them in the classroom. For young children, pretend grocery shopping gives teachers the opportunity to teach how to make decisions on what to buy, while those in high school are old enough to understand full household budgets.

Myth #3: Plastic Money Is Endless

To kids, debit and credit cards must seem like magic. It’s a small piece of plastic that’s used to buy things and this same card can be put in an ATM to get money. And that’s all they see. Children don’t know that mom or dad’s paycheck gets deposited and that the card is attached to a bank account. They only know that the card can seemingly be used whenever to get whatever they want, so it’s easy to understand how kids gain this misperception.

 Teacher Fix: Give lessons on debit cards, checkbook balancing, FICO scores, and good credit management. Explain how to build positive credit, the consequences of making bad credit choices, and how credit scores impact buying decisions. 

Myth #4: There’s No Reason to Save for Retirement

Many children don’t understand that it’s an individual’s responsibility to save for retirement. Many children think things are just taken care of and that once a home is paid for and someone has what they need, there’s no longer a need to have money, especially when the person in question is older.

 Teacher Fix: Introduce school-aged children to different types of retirement savings such as pensions, IRAs, and 401(k)s. With high school students, discuss social security and how it works, as well as how much money is needed for retirement and the best ways to save.

Myth #5: Taxes Must Be Paid

When a child sees a toy that costs $29.95, they assume they only need $29.95 to buy it. Taxes are a hard concept for children of all ages to understand, from the seven-year old wanting to buy a new game to the teenager who gets her first paycheck and realizes there’s an employment tax.

 Teacher Fix: To help kids gain a better understanding of taxes, teachers should incorporate lessons on different types of taxes and what this money is used for. With high schoolers, teachers can have mock tax forms that need to be completed every April to teach students how they’re done. 

Myth #6: Things Are Affordable

When it comes to how much things cost, most kids are clueless. Children in primary school may think a gallon of milk costs $20 and that a house only costs $100. Even as they age and the concept of money grows, many kids don’t fully understand the cost of the things from their Xbox 360 to a trip to Disney.

 Teacher Fix: Get a class piggy bank and have children save for a specific goal, like a class party. Saving their own money and determining the cost of what the class purchases gives kids a more realistic view and appreciation of what is affordable and what’s not. 

Myth #7: Money Can Buy Happiness

For children who’ve witnessed their parents struggle financially, and for many of those who haven’t, it’s easy to believe that money solves problems and buys happiness. Kids think that if only they could buy whatever they wanted, everything would be perfect. While research shows that money can make a difference in happiness, it only works to a certain extent. Once a person makes enough money that there are no issues paying bills, the amount of money she makes no longer has an impact on happiness. For most people, that magic number is around $75,000 a year.

 Teacher Fix: Instead of focusing happiness and self-worth around things, show kids how to find happiness in other areas of their lives. Teach how things like mindfulness and volunteering time to help others increases these feelings more so than any dollar bill ever will. 

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