Teaching kids about money can be tricky, but if you want to give them a head start in the world, it’s also vital. Luckily, there are tons of books available that will help kids learn about financial concepts like earning, sending, saving, and budgeting in a fun, easy-to-understand way. If you’re ready to start a conversation about money with your child, here are 10 of the best money books for kids to help you do just that.
10. If You Made a Million by David M. Schwartz
For young children ages 4 to 8, If You Made a Million by David M. Schwartz is a great introduction to the basics of money. Using a fun story involving a magician named Marvelosissimo the Mathematical Wizard, Schwartz introduces a range of concepts covering everything from earnings and investments to interest and dividends. There’s even handy tips on things like writing and cashing a check.
9. Heads Up Money by Marcus Weeks
Kids are infamous for having 101 questions about everything…that parents don’t always know the answer to! If your child has questions about economics and financial planning, Heads Up Money is a must read. Using real-life scenarios, he explains a range of topics, from what hidden costs are (and how to calculate them) to the fundamentals of free trade and globalization. Written by Marcus Weeks in collaboration with Derek Braddon, professor of economics at UWE Briston Business School, it’s a great read for students in grades 5-12.
8. I Want More Pizza by Steve Burkholder
Recommended as top reading by investopedia.com, Steve Burkholder’s I Want More Pizza introduces kids to personal finance in a fun and accessible way. Through real-life examples, hypothetical questions and fun anecdotes, Burkholder encourages children to understand the value of a healthy relationship with money. The book is divided into four sections (or pizza slices, as they’re called), each covering a different topic, including debt, saving, and budgeting. It is best suited for older children and teenagers.
7. Financial Plan by Monica Eaton
In Money Plan, Texas-based Certified Financial Education Instructor Monica Eaton teaches kids basic financial concepts like earning, saving, spending, and budgeting in a fun, easy-to-understand way. Although it’s aimed at ages 4-7, the fun story, pictures, and rhyme structure will make it an entertaining bedtime story for young readers. Each book comes with the added benefit of an educational guide that will help parents learn how to further explore the concepts raised in the book.
6. Arthur’s Funny Money by Lillian Hoban
Lillian Hoban’s Arthur’s Funny Money may be an oldie, but it’s a goldie. Since the 1980s, parents have relied on him to teach their children basic financial matters, and his advice is no less relevant today than it ever was. With the help of Arthur and his sister Violet, children will learn simple business and financial concepts in a simple and fun way. It is perfect for young readers aged 4-8.
5. Managing Your Money by Jane Bingham, Holly Bathie, Nancy Leschnikoff and Freya Harrison
Recommended by Roostermoney.com, Managing Your Money by Jane Bingham, Holly Bathie, Nancy Leschnikoff and Freya Harrison is a great option for older kids and teens. It offers practical advice on a range of money management skills from managing your money online, to budgeting, to learning how credit cards work, and understanding student loans. For kids about to transition from allowances to loans and paychecks, it’s invaluable.
4. Mathematics of Money: Addition and Subtraction by David A Adler
As parents.com point out, before you start teaching children the value of money, you need to start teaching them what money really is. Enter Money Math: Addition and Subtraction by David A Adler, a great introduction to math and finance that manages to be fun and educational at the same time. Kids will learn about bills and coins, who the people on the front of the coin are and what that coin will get you in real life. As they progress, they will also learn how to calculate currency and know the value of savings.
3. Bunny Money by Rosemary Wells
If your kids are already fans of Rosemary Wells’ best-selling Max and Ruby series, Bunny Money will be a great addition to their library. In it, sibling Max and Ruby go to town after Ruby saves up enough money to buy their grandmother a present. Soon they learn how quickly your hard-earned dough can slip away if you’re not careful, and the predicament it can get you into when it does. It’s an ideal introduction to basic financial management for children ages 3-5.
2. Amelia Bedelia Means Business by Herman Parish
In this first book in New York Times bestselling author Herman Parish’s series of new chapters, young Amelia Bedelia sets her sights on a new bike. After her parents say they’ll split the costs with her, Amelia begins looking for ways to earn money. Prevent mishaps, adventures and enough fun and games to keep kids captivated. By the end, they will have learned a valuable lesson on how to earn and save money, as well as make a new friend in Amelia. It’s best for 6-9 year olds.
1. The Berenstain Bear Money Problem by Stan and Jan Berenstain
If you’re looking for a book that will help kids ages 3-7 learn about money, The Berenstain Bears’ Trouble with Money by Stan and Jan Berenstain is a great choice. Each book in The Berenstain Bears series was created to teach a different life lesson or moral. In the case of Trouble with Money, Brother and Sister Bear discover the value of saving money, the consequences of wasting money on things you don’t really need, and having to work for the things you want. There’s also a simple and fun introduction to basic financial ideas like banking and interest.