In today’s world, financial literacy and money management skills are essential for success. Educators and parents alike should make it a priority to introduce these concepts to children and young adults. Fortunately, there are countless resources available to teach money skills effectively. In this article, we will share our favorite resources for teaching money skills to individuals of all ages.
1. Practical Money Skills
Practical Money Skills, sponsored by Visa, offers a comprehensive financial literacy curriculum tailored to different age groups and grade levels. It includes lesson plans, interactive games, quizzes, calculators, and even mobile apps that can teach valuable money management habits from an early age.
Website: https://www.practicalmoneyskills.com/
2. MoneySKILL
The American Financial Services Association Education Foundation (AFSAEF) designed MoneySKILL as a free, interactive online course that covers topics such as income and careers, budgeting, credit management, investing basics, risk management, insurance, and more. The program is primarily geared towards high school and college students but contains valuable lessons for anyone wanting to learn better financial habits.
Website: https://www.moneyskill.org/
3. Jump$tart Coalition
The Jump$tart Coalition is a non-profit organization dedicated to advancing personal finance education among K-12 students. They offer a searchable clearinghouse with free personal finance resources for teachers to use in the classroom.
Website: https://jumpstart.org/
4. National Endowment for Financial Education (NEFE)
NEFE provides an extensive assortment of financial education materials through their High School Financial Planning Program (HSFPP). This program offers free turnkey instructional materials covering topics such as budgeting, credit unions vs. banks, investments, taxes, insurance, and retirement planning.
Website: https://www.hsfpp.org/
5. Finance in the Classroom
Finance in the Classroom offers an assortment of lesson plans, activities, and resources to teach financial literacy for students of all ages. The site covers everything from allowances, careers, and budgeting to identity theft and financing higher education.
Website: https://financeintheclassroom.org/
6. MyMoney.gov
MyMoney.gov is the United States government’s resource for learning more about money management. The website includes information for different life stages, as well as useful tools such as financial calculators and informative worksheets.
Website: https://www.mymoney.gov/
7. FoolProof Financial Education Systems
FoolProof offers an engaging and interactive financial education curriculum for middle, high school, and college students. The platform features online lessons on topics like understanding advertising tricks, the importance of saving money, handling credit cards responsibly, and investing wisely.
Website: https://www.foolproofme.org/
In conclusion, teaching money skills is crucial in helping students become financially responsible adults. By leveraging these resources and incorporating money management lessons into everyday lives, educators and parents can play a significant role in nurturing a generation of financially secure individuals.
