Through captivating storytelling, engaging characters and important lessons weaved into the plotline, the right books can provide a wonderful and very effective way for children to learn about money.
Not only has reading to children been linked to several positive benefits, including more expansive vocabularies, higher literacy and better concentration, but reading books that share valuable financial lessons to them is a great way to develop the right financial habits at a young age. For parents seeking a simple or new way to have conversations with their children about money, reading books that incorporate lessons about financial matters can serve as great launching points for these discussions with your children.
The sooner you begin these conversations with your children, the better. In fact, a recent study conducted by the University of Cambridge found that children develop a majority of their financial habits by the time they are 7 years old.
Drawing from our Financially Fit Family booklist, here are some of our favorite books with engaging financial literacy-centered storylines:
Whether though reading books or implementing one of the many other financial lessons for children that we recommend, the more conversations parents have with their children, the more financially literate they will become. To learn more about other ways to educate your children about finances, please click here to learn more about my complimentary workshop, Raising Financially Fit Families, which I present to groups and organizations of all sizes.
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