Financial literacy empowers one to use his or her knowledge or skills to make better money management decisions.
This subject area encompasses many topics and everyday skills like checkbook balancing, saving, long-term retirement planning, and many more.
Parents may think that their kids are too young to learn about money. But the latest surveys and research show otherwise.
For starters…
Studies the Jumpstart Coalition For Personal Financial Literacy by Most young people only have a little understanding of economics or how money works. And many of these youngsters end up spending and borrowing money, without even knowing that debt accrues interest.
Moreover, almost 20% of Americans ages 18 to 24 filed for bankruptcy starting 2001 says the USA Today. And many of these cases resulted from poor management of debt.
With the temptation of online shopping and the number of credit sources growing, teaching our child about financial responsibility early on is a must.
The website is an initiative by The Rich Dad Company. Play with fun minigames with Reno and Toki, and learn important financial lessons along the way.
The money games in Sense And Dollars are simple but engaging. The games will test both young learners and adults, in particular, their skills in handling virtual money.
In this action/personal finance game, students go through 16 interactive missions to get a better grip on essential financial concepts.
Practical Money Skills is a collection of fun and educational games that exercise your financial brain. Be sure to check out Visa's World Cup-themed financial soccer!
"The place where kids teach kids about money and business." Biz Kids is packed with video lessons on the basics of money, along with business resources for young entrepreneurs.