Fun Money Management Activities for Kids

If you’re in the market for some fun, engaging money management activities for kids, you’ve found what you’re looking for. Explore our diverse resources and you’re sure to find something that suits your needs.

The NFEC is an independent organization that specializes in financial literacy education. We provide the resources and support for individual and group money management instruction. Adults and kids alike enjoy our fun money management activities. Our tools are built for a diverse audience. We transform classroom theory into real world action.

The Potential of Kids’ Activities in Money Management

The following story shows how an interest in teaching kids about money management can lead to a powerful financial literacy movement.

Joan, a retired elementary school teacher, wanted to help pre-teens learn about money management but did not want to deal with school politics. She talked to a few local parents and discovered a strong interest in a pre-teen financial literacy program that was independent from the local school system.

That gave her the motivation she needed to get the ball rolling on putting on money management workshops. A friend told her about the National Financial Educators Council, so she decided to start there.

Important Money Management Activities For Kids Studies

Expansion for Money Management Activities For Kids Skill Set

Learning Outcomes of Kids’ Money Management Activities

Joan thought about the initial goals she wanted her program to achieve. She wanted pre-teens to gain an understanding of the skills and concepts necessary to make sound personal money management decisions. Ideally, if they could develop critical thinking about finances, she would be thrilled, but given the limited time allowed, this advanced understanding might have to wait. This initial class would focus on skills and concepts.

How to Deliver Money Management Activities for Kids

Next, Joan thought about how to deliver the material in her money management program for kids. It would have to be based on a timeline while offering the flexibility needed to teach kids from diverse backgrounds. She wanted to offer live instruction because pre-teens do well within a proven structure of learning. It would have to be offered after school and/or weekends, since it would not be a part of the school’s curriculum.

Subjects for Pre-Teen Money Management Activities

It wasn’t hard to decide on the specific focus for Joan’s money management activities for kids. Pre-teens typically were exposed to minimal personal finance ideas and needed to build a foundation for more advanced understanding as they got older.

She decided that her fun money management activities would focus on the basics of earning, saving and budgeting. She knew this would give her young students a huge head-start in their financial lives.

A Suitable Curriculum for Kids’ Personal Finance Activities

Joan wanted her money management activities for kids to be fun and engaging so the students would naturally lose themselves in what they were learning. She expected pushback from the school systems and wanted her course to meet established core educational curriculum standards. The course had to be independent and compliance-approved by educational regulators.

Planning for Money Management Activities For Kids Performance Measures

Expansion for Money Management Activities For Kids Competencies

A Qualified Money Management Activity Instructor for Pre-Teens

Even though Joan had been a pre-teen teacher for over 20 years, she hadn’t taught finance before, and didn’t want any weaknesses in her program. She needed to find an experienced, qualified pre-teen financial educator. Thanks to the NFEC, she found a Certified Financial Education Instructor who focused on pre-teens and had years of experience. The school board would not be able to attack this instructor’s credibility.

Results of Joan’s Money Management Activities for Kids Program

Of the 43 kids who signed up for Joan’s class, 41 were able to finish successfully. Joan never imagined that her first course would produce a 95% completion rate. The students all wanted to learn more.

She compiled the data into a report showing the program’s success. She wanted to grow her program and the report would help her find the funding and community support she would need.

What’s Next for Joan’s Pre-Teen Money Management Course

Joan knew that these money management activities for kids were just the beginning. The students wanted to learn more, and Joan wanted to create more programs to teach more advanced topics. Parents were invited to the last class, and students were awarded certificates of completion. They were also given a workbook with money management activities that they could complete on their own.

Joan began to develop her next course, and laid plans for expansion.

These days, many parents are seeking ways to teach their kids money management lessons. Teaching your kids the importance of doing chores and rewarding him or her a few dollars for their work is a great way of bringing a positive change in their life. Following are some of the money management activities for kids.

Ask your child to help you while buying things and reward him or her with some dollars for helping you in shopping. For example, if you want to buy a laptop, ask him to compare the various sites that sell laptops at affordable rates. This will save your time on comparing laptops of different brands. At the same time, your child will learn about shopping online. You can set a reward of 10 percent of the saved amount on shopping. If your child helps you in saving 50 dollars, you can give a reward of 5 dollars for his or her efforts.

Managing money for kids helps early on; however this should be supplemented with motivational education. Encourage your child to look for part-time chores during his vacation such as baby sitting. Finding such a job in your neighborhood may not be very difficult. You may ask your friend or relative to help your child in finding such a chore. This will allow him to earn a little while gaining some knowledge.

Allotting work related to your household finance is another great way of educating your child about the importance of finance. For instance, you can assign him the task of making your monthly budget and reward him few dollars for his or her time. This will go a long way in managing his home financial affairs when he grows up.

All these simple activities can be very useful in educating your child about the importance of finance. Make sure that the activity in which you are engaging your child is not very boring. Simple and interesting money management activities for kids can teach your child a lot about managing finance and add up to big positive changes in his life. Enroll your children in a money management for kids program to ensure they have the life skills needed to excel in the real world.

As a parent finding great money management activities for kids is an easy way to help them learn. Whether it is a game, online tools, or a personal coach, all these options will help children learn the value of saving. The easier it is for them to learn, the more they are going to take things in.

Using the internet is a great place for parents to find personal finance activities for kids to use. Whether it is an instructional video, or some type of online game, these things will help their child get the most out of them. So, considering all these options will allow your son or daughter to learn new tips.

There may also be courses for the children to be enrolled in to. Depending on their age, and what instruction you hope they will receive, there are many choices a parent can turn to for helping them. So, this might also be something the parents consider, when choosing to teach their kid something new.

Interactive games will surely help a child learn about saving and pick up managing money tips for kids. If they are able to see how it happens, and what savings will do for them, they are more likely to want to do it. This teaching style allows them to engage, and learn what is happening in the process.

All options, and any other teaching method a parent can think of, will help them teach children the reasons to save. The more instruction they get, the greater they are going to put them to use down the line. So, starting early is something which has to be done, to held build up a foundation.

When considering great money management activities for kids, parents should consider all viable options which are available to them. As each individual child is different, each one will learn in a different manner. So, considering all styles is a way to find what works best for your son or daughter.