by Emily Hechler 
Financial literacy is all about understanding how money works. It’s more than just budgeting and saving though, it covers a lot of different ideas. Even as adults, some of these concepts can be tricky. Now try explaining them to your kids!
But teaching kids about money (aka having financial literacy) is really important. Their natural curiosity means they’re always asking questions which is a great opportunity to help them learn. If you have a good grasp on financial literacy, can you confidently explain concepts to your kids in a way that they can understand?
There are plenty of helpful resources out there to teach kids about money. No matter how old your child is or how they learn best, there’s something out there that will work for them. Here’s a list of great financial literacy tools to help your child get a solid understanding of money.
- Sesame Workshop is the nonprofit behind the beloved preschool show Sesame Street. Sesame Workshop has financial education resources for your little ones. Videos, printable pages, and games keep your young kids coming back for more fun with their tv friends.
- Million Bazillion is an engaging podcast designed to help kids understand money in a fun, accessible way. Through relatable stories, playful humor, and real-life examples, Million Bazillion breaks down financial concepts like saving, budgeting, and smart spending, helping kids build a strong foundation in financial literacy. If your kids are auditory learners, then this is a great resource for them.
- On Money with Mak & G, certified public accountant Ben Jones is joined by his kids who help explain financial concepts. Episodes are around 15 minutes long, so they are more concise. There haven’t been any new episodes since March 2023. However, with over 170 episodes, there are hours of great episodes your kids can learn from.
- Biz Kid$ is a financial literacy website based on the tv show of the same name. This site boasts over 1 million annual website visits. Biz Kid$ has free, short videos and games for kids ages 10 and up. You do have to pay to watch the tv episodes. The show is a little dated, but the concepts taught are still accurate.
- TED-ED videos cover a wide range of topics, including financial literacy. The concepts are shown through appealing graphics in roughly five-minute long videos. The YouTube channel can be a great resource for older kids who don’t need a lot of examples and can grasp concepts quickly.
- Khan Academy has several free courses related to economics and financial literacy that are great for older kids. Users earn points as they go to encourage them to master the concepts. Khan Academy wants its users to understand the concepts well, so it pushes you to keep trying if you don’t do well on a quiz.
- Zogo is a financial literacy app with 21 categories and over 380 short lessons. These lessons are great for older kids and even adults. As you complete courses, you earn point pineapples that you can exchange for real rewards like gift cards to Starbucks, Amazon, and Target. Enter access code ALLTRUCU for a free account.
Understanding and teaching financial literacy can be difficult. That’s why we have great resources like these and knowledgeable staff that can help you understand your financial situation. If you want more resources for understanding finances as an adult, check out our blog and let us help you make great financial decisions.
