Kids and Money: Summary and Next Steps

It can be difficult to raise kids with sound financial skills, especially in a culture that urges all individuals to “spend, spend, spend!” Encouraging your child to be smart about earning, saving, and spending will help her or him make sound decisions about finances and develop a sense of financial responsibility. Finding a balance between guiding your children and letting them take control of their own finances is something that comes after years of practice, but it is well worth taking the time to do. With adequate education, you can be sure that your child will have the skills and knowledge to navigate the complicated world of personal finance.

Books Available from Search Institute

• An Asset Builder’s Guide to Youth and Money — A book for organizations and individuals with advice on how to discuss financial topics with kids and encourage them to make good decisions about money.

Other Useful Web Sites

• BankIt — Search Institute and Capital One have partnered to create an educational resource for both teens and parents. This site contains a great deal of interactive, useful information for people of all ages.
• Teens and Money — Consumer Action’s training series offers useful materials, including booklets and presentation slides in several languages, for parents and caring adults to use in teaching teens about finance, including budgeting, banking, saving, credit cards, and more.
• MoneyWi$e — This site contains a large assortment of multilingual, educational information on finance topics like building good credit, banking basics, and identity theft and fraud protection.

• ShareSaveSpend — Nathan Dungan offers a variety of educational resources and programs fit for individuals, families, or groups, as well as speaking engagements. You can also sign up for the ShareSaveSpend newsletter to receive valuable financial tips in your inbox every month.

More Books You May Like

• Kids’ Allowances: How Much, How Often, and How Come — Learn why giving your child an allowance is important and how to use it to teach her to be responsible with money.
• Kids, Parents, and Money — This step-by-step program, developed by a former stockbroker, helps kids develop responsible earning, saving, and spending habits.
• Money Doesn’t Grow on Trees — Teach your children about earning, saving, investing, and spending through the use of an allowance with this practical book.

• Raising Money Smart Kids — Written by Janet Bodnar, Kiplinger’s Personal Finance editor, this book will help you teach your children valuable financial skills that will help them throughout the rest of their lives.