Money management is a skill you can teach your child before they leave the nest. While they’re still in your care, you can enable a decision-making experience that helps them avoid making mistakes later, when they’re on their own and the financial consequences are greater.
Talking about money, whether it’s the cost of something your child wants or the allowance you’re considering handing over, also presents an opportunity to discuss personal values, like responsibility and giving back. It’s an avenue for speaking to your child about what money buys, its role in society, and how it relates to your family’s finances, which may spark conversations about wealth and poverty.
For its 100th anniversary, Scholastic spoke with experts to identify a set of books, articles, and tips that make starting a conversation with your child about money easy, informative, and fun. These resources are part of a broader initiative, called the Scholastic Bookshelf, created for Instagram to raise awareness around contemporary issues affecting children today.
Books for Young Readers Featuring Lessons on Money
The activities in Play & Learn Math: Time & Money reinforce two important life skills: telling time and calculating money. Children learn how to identify money and calculate equivalent values of coins in this book that meets core math standards.
As soon as kids understand the concepts of counting, saving, and spending money, they’re able to see its use for doing good. Owl Diaries #7: The Wildwood Bakery and Sarai Saves the Music are two fiction books about grassroots fundraisers. Teaching the values of goal-setting, volunteering time and skills, and collaborative effort, these titles will delight young readers with their spirited characters on feel-good missions.
The Owl Diaries series is part of Scholastic's Branches line aimed at newly independent readers who are between leveled readers and chapter books. Pairing high-interest content with easy-to-read text and illustrations on every page, these books boost reading confidence and comprehension. If your child is ready to move on from picture books, introduce them to Owl Diaries!
