Great Books To Teach Financial Literacy

One of the questions I often get asked is how and when do I teach my children about budgeting, saving and just basic financial knowledge. It’s really never too early to teach children the basics of financial literacy. At a young age children are watching ads on television and see the latest "must have" widget. Giving children an allowance is one way to introduce them to budgeting, savings and investing. Below is a list of books both of you  can enjoy while also learning other skills that will lead your children to be financially responsible.

Kids and Money

Parent reference

Real life strategies for helping parents teach their children lifelong money skills and values.

The Investment Answer

Beginner to Experienced Investor

An easy to understand and yet powerful book on investing and learning to protect your financial future.

The Berenstain Bears

Ages: 3-7

• The Berenstain Bears Trouble with Money: Teaches the basics of how money works and how it influences earnings, savings and  overspending, etc.

• The Berenstain Bears Dollars and Sense: Learn the value of money and how to manage their allowances.

Bunny Money, Rosemary Wells

Ages: 3-7

This is a great book to teach your children basic money math, such as addition and subtraction, as well as the idea of budgeting and how you need to be prepared with an emergency fund.

Joseph Had a Little Overcoat, Simms Taback

Ages: 3-8 

Pick up this book to teach your children how to be frugal and how to reuse certain items of value.

The Lemonade War, Jacqueline Davies

Ages: 8-12 

This is the first in a series that teaches the basics of entrepreneurship, planning and money management.

Giving children a book that they will not only enjoy but that also teaches a lesson is a great way to kill two birds with one stone. When starting to teach your children about money, books are a great way to begin. These are great books by wonderful authors, and we hope that these books  make your financial discussions a bit easier!