Money Management for Kids and Teens

This pathfinder is designed to help kids and teens find authoritative information about earning, saving, budgeting and managing money. Also included is information for parents to help their children learn how to manage money.

Internet Resources

A. G. Edwards:  Kids Financial Games and Activities
http://www.agedwards.com/public/content/sc/invedu/kids_financial_games.html
Sponsored by A.G. Edwards, a division of Wachovia Securities, LLC., this website contains financial games and activities for ages 2 through 10. 

ING DIRECT'S Planet Orange
http://www.orangekids.com/home.htm
Interactive game for kids ages 4 through 8 to teach them to learn, spend and invest money.  Includes parent's guide and links to other resources. 

Institute of Consumer Financial Education
http://www.financial-education-icfe.org/children_and_money/index.asp
Saving, spending and credit information for both children and their parents.

KidsBank.com
http://www.kidsbank.com/parents/index.asp
"KidsBank.com™ is a tutorial website sponsored by Sovereign Bank that explains the fundamentals of money and banking to children. KidsBank.com™ was developed to provide parents with an informative and fun place to bring their children for answers to money-related questions."

Kiplinger.com:  Money Smart Kids
http://www.kiplinger.com/columns/kids/archive.html
Website sponsored by the popular investment journal Kiplinger's contains articles written for teens about investing, college savings, credit cards and many other financial topics.

MoneyInstructor.com:  Kids
http://www.moneyinstructor.com/kids.asp
This website is a guide for parents to teach their children and teens about money, personal finance, allowances, earning money, and starting their own businesses.  Includes games and activities, lesson plans, worksheets and additional resources.

NEFE High School Financial Planning Program
http://hsfpp.nefe.org/students/index2.cfm?deptid=15
Sponsored by the National Endowment for Financial Education, this website has games, tools, calculators, and articles to help teens learn about money.

Practical Money Skills for Life
http://www.practicalmoneyskills.com/english/at_home/parents/young.php
Provides parent activities for teaching money skills to children from preschool through high school.

YoungInvestor.com
http://younginvestor.com
Sponsored by Columbia Management Distributors, Inc., this website provides valuable information to kids and teens, about earning, investing, and budgeting.  Includes teacher's guides to help kids learn about the value of money and a section for parents with basic investment how-tos.

Print Resources

To search for books in your local or school library, the following call numbers should be referred to as they relate to Money Management, Budgeting, and Personal Finance:

Dewey Decimal Classification System
332.024 

Library of Congress Classification System
HG-173.8
HG-179.

Children

Bochner, A. B., Bochner, R., & Berg, A. G. (2007). The new totally awesome money book for kids (and their parents). New York: Newmarket Press.

Bailey, G., & Law, F. (2006). Common cents: the money in your pocket. My money. Minneapolis, MN: Compass Point Books.

Donovan, S. (2006). Budgeting. How economics works. Minneapolis: Lerner Publications.

Hall, M. (2000). Your allowance. Chicago: Heinemann Library.

Nathan, A., & Palen, D. (1998). The kids' allowance book. New York: Walker and Company.

Young Adult

Burkett, L., Burkett, A., Wooding, M., Kielesinski, C., & Burkett, L. (2001). Money matters for teens: adapted from materials by Larry Burkett with Marnie Wooding. Chicago: Moody Press.

Deering, K. R. (2005). Cash and credit information for teens: tips for a successful financial life : including facts about earning, spending, and borrowing money, with topics such as budgeting, consumer rights, banks, paychecks, taxes, loans, credit cards, and more. Teen finance series. Detroit, MI: Omnigraphics.

Holyoke, N., & Douglass, A. (2006). A $mart girl's guide to money: how to make it, save it, and spend it. Middleton, WI: American Girl.

Scorgie, L. (2007). Rich by thirty: a young adult's guide to financial success. Toronto: Key Porter Books.

Parents

Bodnar, J. (2005). Raising money smart kids: what they need to know about money--and how to tell them. Chicago, IL: Dearborn Trade Pub.

Godfrey, N. S., & Edwards, C. (1994). Money doesn't grow on trees: a parent's guide to raising financially responsible children. New York: Simon & Schuster.

Godfrey, J. (2003). Raising financially fit kids. Berkeley, CA: Ten Speed Press.

Leitz, L. (2006). The ultimate parenting map to money smart kids. [Colorado Springs, CO]: Bright Leitz Pub.

This pathfinder was created by Marg Dube for Dr. Eileen Abels Info 780 Course at Drexel University, Spring, 2008.