20 of the Best Money Books for Kids

20 of the best money books for kids

Early literacy is a powerful tool, laying the foundation for academic success and lifelong productivity. During early learning, an essential yet often overlooked aspect is teaching kids about money. Contrary to common belief, it's not a daunting task. In fact, parents can seamlessly incorporate it into daily activities.

While very young children may not grasp the full value of money, they can certainly embark on the journey of financial understanding. Let's explore 20 captivating books that make learning about money a joyous adventure for kids.

The best financial literacy books for young minds

Understanding the importance of financial literacy for children is the first step toward securing their future happiness and comfort. Deciding when and how to start teaching kids about money, and identifying the essential skills they need can be challenging for parents. While the desire to shield children from financial concerns is natural, fostering financial confidence is equally crucial, according to experts.

Books serve as powerful tools for instilling financial wisdom in young minds. Beyond their role in teaching money management, books provide a unique gateway to introduce financial concepts. Through engaging narratives, relatable characters, and practical activities, these books make learning about money a captivating adventure for children. It's not just about understanding dollars and cents; it's about developing a lifelong skill that will empower them to navigate the complexities of finances.

Moreover, the benefits extend beyond financial literacy. These books simultaneously contribute to developing essential reading skills, creating a holistic learning experience for young readers.

List of books

Embark on a journey of financial discovery with our curated list of 20 exceptional money books for kids. For each book, explore brief descriptions, age suitability, and the key financial lessons awaiting eager young readers.

1. Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss by Walter Andal

Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss by Walter Andal is an ideal entry point into financial literacy for kids aged 8 to 11. Covering fundamental concepts like earning, budgeting, and credit basics, this book fosters crucial discussions about money. Authored by Walter Andal, the book navigates topics from the origins of money to the intricacies of credit, instilling responsible money habits.

Through engaging narratives, it explores saving, investing, the stock market, and the significance of community giving. This comprehensive guide ensures kids grasp essential financial skills while enjoying an enlightening reading experience.

2. Finance 102 for Kids: Practical Money Lessons Children Cannot Afford to Miss by Water Andal

For young financial enthusiasts ready to advance beyond the basics, Walter Andal presents Finance 102. Tailored for ages 8 to 12, this 2021 sequel to 'Finance 101' dives deeper into real-world applications of money lessons. Andal guides children and parents through invaluable skills, such as living within means, understanding the true cost of purchases, and resisting social media influence.

Finance 102 also explores the power of saving, investing, and compound interest, offering a comprehensive approach to financial literacy that extends beyond money to enriching life experiences. This sequel is a must-read for young minds eager to navigate the complexities of personal finance."

3. Get To Know: Money: A Fun, Visual Guide to How Money Works and How to Look After It" by Kalpana Fitzpatrick

Get To Know: Money: A Fun, Visual Guide to How Money Works and How to Look After It by Kalpana Fitzpatrick is perfect for young visual learners aged 7 to 9, eager to understand money's intricacies. This vibrant guide employs a visually stimulating format with colorful diagrams, interactive activities, and engaging text.

Covering topics like saving and the role of banks, the book provides a wide-ranging introduction to money, making essential information easily digestible. With up-to-date themes, including online safety and money well-being, Fitzpatrick's book offers a lively and educational exploration of the world of finance.

4. The Know-Nonsense Guide to Money: An Awesomely Fun Guide to the World of Finance! by Heidi Fiedler

The Know-Nonsense Guide to Money: An Awesomely Fun Guide to the World of Finance! by Heidi Fiedler is the go-to resource for kids aged 8 to 12 seeking clarity on complex financial topics. This book is a playful exploration of money terms, unraveling the mysteries of finance with straightforward definitions and relatable examples.

Each page unveils a new concept from the different types of money to earning, saving, spending, and borrowing. With engaging content, Fiedler's guide transforms potentially intimidating finance jargon into an entertaining and educational journey, making it an invaluable tool for young learners navigating the world of money.

5. How to Money: Your Ultimate Visual Guide to the Basics of Finance by Jean Chatzky and Kathryn Tuggle

How to Money: Your Ultimate Visual Guide to the Basics of Finance by Jean Chatzky and Kathryn Tuggle is the perfect companion for teens venturing into the world of personal finance. Designed for ages when earning becomes a reality, this full-color, illustrated guide breaks down the fundamentals of money. The book offers invaluable insights from creating and sticking to a budget to understanding the significance of that first paycheck.

With exclusive interviews and expert advice, 'How to Money' covers essential topics such as navigating college loans, grasping the concept of credit, and diving into the world of investments. Bridging the knowledge gap, this guide empowers teens to be fearless and savvy with their personal finances.

6. My 1st Book of Money: Kids Guide to Learning Money Basics

My 1st Book of Money: Kids Guide to Learning Money Basics by Sara Kale is a fundamental resource for children and toddlers aged 4 and above. Recognizing the importance of money management as a critical life skill often overlooked in schools, this book provides a simple and practical approach to financial literacy.

Sara Kale empowers young learners with a foundational money-smart mindset through easy-to-understand language and eye-pleasing illustrations of day-to-day activities. Whether read aloud by parents to little ones or explored independently by older kids, this book serves as a valuable learning tool for homeschooling and classrooms. It lays the groundwork for a money-savvy future, granting children power and control over their finances.

7. Not-So-Common Cents: Super Duper Important Facts About Money You Can't Afford to Miss by Sarah Wassner Flynn

Not-So-Common Cents: Super Duper Important Facts About Money You Can't Afford to Miss by Sarah Wassner Flynn is a must-read for ages 8-11, serving as a captivating introduction to the intricate world of finance. Moving beyond basic lessons, this book delves into the complexities of money, from its historical evolution to modern-day intricacies like credit scores and cryptocurrency.

Flynn skillfully navigates the essentials of saving, investing, and interest, offering brilliant hacks for financial growth. Readers explore the stock market, the dynamics of money globally, and the rising influence of cryptocurrency. Emphasizing the importance of giving back, the book instills values of fiscal responsibility, making it an essential guide for budding global citizens on the path to financial independence.

8. The ABCs of Finance Board Book by Britt Rozenblat, illustrated by Ayang Cempaka

The ABCs of Finance Board Book by Britt Rozenblat and illustrated by Ayang Cempaka is a delightful and educational resource designed for toddlers. With a playful approach, this board book introduces young children to the basics of finance, preparing them for a whimsical journey into snack negotiation, playhouse real estate, and toy lending.

Britt Rozenblat, a supporter of early childhood literacy and business skills, has crafted a book that piques intellectual curiosity and provides parents with a good laugh. Through charming illustrations by Ayang Cempaka, toddlers are sure to enjoy this engaging and informative introduction to the ABCs of finance.

9. A Smart Girl's Guide: Money (Revised): How to Make It, Save It, and Spend It by Nancy Holyoke

A Smart Girl's Guide: Money (Revised): How to Make It, Save It, and Spend It by Nancy Holyoke is a valuable addition to the popular Smart Girl’s Guides series from American Girl, tailored for young girls aged 8 to 11. This revised edition addresses the important topic of money management, offering a trusted resource for girls seeking advice from their peers.

The book strikes a balance between education and engagement, incorporating quizzes that help children discover their money style and learn essential financial skills. From spending wisely to earning, the interactive elements, along with tips and quotes from other girls, make learning about money management easy, enjoyable, and empowering for young readers.

10. I Want More Pizza: Real World Money Skills For High School, College, And Beyond by Steve Burkholder

I Want More Pizza: Real World Money Skills For High School, College, And Beyond by Steve Burkholder is the go-to guide for teaching teens the practicalities of financial independence. Utilizing a relatable metaphor—everyone loves pizza—Burkholder empowers young adults to take charge of their finances confidently. The book covers essential topics, including saving, spending, goal setting, investing, and handling debt.

Designed for easy understanding, Burkholder breaks down complex financial concepts, making them accessible to teens with busy schedules. By embracing the pizza model for learning personal finance, this resource removes barriers and leaves young adults in complete control of their financial future. With its engaging approach, "I Want More Pizza" ensures that money management is important, enjoyable, and stress-free for teens.

11. Money Skills for Kids: A Beginner’s Guide to Earning, Saving, and Spending Wisely by Ferne Bowe

Money Skills for Kids: A Beginner’s Guide to Earning, Saving, and Spending Wisely by Ferne Bowe is the ideal companion for kids aged 8 to 13, offering an educational journey through the intricacies of money management. This beginner's guide transforms young readers into savvy savers and wise spenders. Inside, they unravel the mystery of earning and spending money wisely, discover how to turn brilliant money-making ideas into reality, and master the art of saving with easy and effective strategies.

The book guides them through the first steps in banking, from choosing to opening a savings account, and empowers them to set and achieve financial goals like seasoned professionals. Young readers also dip their toes into the fascinating world of investing by exploring the crucial difference between needs and wants. It's a comprehensive resource to instill crucial money skills in kids early on.

12. The Berenstain Bears' Dollars And Sense by Jan and Stan Berenstain

The Berenstain Bears' Dollars And Sense by Jan and Stan Berenstain is a classic First Time Book designed for children aged 4-7. In this delightful visit to Bear Country, Papa Bear decides it's time to impart valuable lessons about budgeting to Brother and Sister Bear.

The narrative unfolds as the cubs grapple with understanding the true value of a dollar and the importance of responsible money management. With the signature warmth and charm of the Berenstain Bears series, this book engages young readers while imparting essential financial lessons. As an added bonus, the book includes over 50 stickers to enhance the reading experience for children.

13. A Quick History of Money: From Bartering to Bitcoin by Clive Gifford

A Quick History of Money: From Bartering to Bitcoin by Clive Gifford is a captivating addition to the Quick Histories series, offering children aged 7 to 11 a comprehensive exploration of the origins and evolution of money. This book goes beyond basic lessons, delving into the intriguing history of currency, the banking system, and notable money mistakes.

Gifford presents a well-rounded view of the financial world, balancing serious insights with engaging stories and unbelievable facts. From ancient societies without currency to the invention of banknotes and the concept of 'fiat' money, the book covers a vast range of topics. Readers also discover the craziest money-making cons, learn about wealth measurement in the modern day, and explore the future of money.

With great tips for saving and spending, along with quirky stories about unconventional forms of currency, Gifford makes the history of money both educational and entertaining for young readers. The book includes a quiz to test readers' knowledge, adding an interactive element to this informative journey.

14. Milton the Money Savvy Pup: Makes Saving a Habit by Jamie A. Bosse

Milton the Money Savvy Pup: Makes Saving a Habit is an engaging and educational book for children ages baby to 11. In this delightful story, Milton, the money-savvy pup, introduces young readers to the concept of responsible money management. The narrative features Milton's co-worker, Molly, who sets a positive example by dividing her paycheck into categories: giving, saving, and spending.

This simple yet impactful lesson encourages children to adopt smart financial habits early. Through relatable characters and an accessible storyline, the book provides a valuable foundation for teaching kids about the importance of saving and thoughtful spending. Milton the Money Savvy Pup makes financial literacy fun and practical for young readers.

15. The Kids' Money Book: Earning * Saving * Spending * Investing * Donating by Jamie Kyle McGillian

The Kids' Money Book: Earning * Saving * Spending * Investing * Donating by Jamie Kyle McGillian is a valuable resource designed for children aged 7 to 10. This book empowers young readers with essential lessons about money beyond spending. It covers a wide range of topics, from creating a budget and using talents to make money, to investing earnings and donating to charity.

The book engages kids with a "money matters to me" quiz to assess their financial awareness and encourages smart decision-making through finding mentors, learning from mistakes, and keeping a purchase journal. With insights on the history of money, basics of savings, and advice on distinguishing between needs and wants, the book equips children with practical financial skills.

16. Kids Get Rich: Teaching Children the Secrets to Wealth and Success by G and G Plytas

Kids Get Rich: Teaching Children the Secrets to Wealth and Success by G and G Plytas is a valuable guide for parents looking to instill financial literacy and planning in their children. Recognizing the gap in traditional education, the book provides a roadmap for parents to teach kids the mindset of success, personal resilience, and practical saving strategies for building wealth.

Offering easy-to-follow principles and age-specific activities, it covers the theory and practice of financial literacy from a child's first encounter with money to their journey into young adulthood. The book empowers parents to guide their children on the smart path to saving, investing, and developing a thoughtful approach to money, ensuring they have a solid foundation for financial success as they grow older.

17. Investing for Kids: How to Save, Invest and Grow Money by Dylin Redling and Allison Tom

Investing for Kids: How to Save, Invest and Grow Money by Dylin Redling and Allison Tom is a fantastic introduction to investing for children ages 8 to 12. This engaging guide empowers young readers to outgrow their piggy banks and become money-savvy individuals. Written with the help of the Dollar Duo—Mr. Finance and Investing Woman—the book covers essential information about stocks and bonds.

It takes children on a journey, teaching them not only how to earn money but also how to start a savings plan and explore the best ways to invest. By instilling these valuable lessons early on, Investing for Kids sets the stage for financial literacy and smart money management in the future.

18. 9 Rules to Dominate Your Money and Learn What 67% of Adults Don’t Know by Finley Lewis

9 Rules to Dominate Your Money and Learn What 67% of Adults Don’t Know by Finley Lewis is a comprehensive guide for readers aged 14 and above. Covering essential aspects of money, it provides insights into understanding its nature, developing a positive money mindset, setting financial goals, exploring entrepreneurship, and navigating financial challenges.

The book makes key financial concepts enjoyable and accessible, empowering teenagers to build a solid foundation for financial success.

19. Mansa's Little Reminders: Scratching the Surface of Financial Literacy by A.D. Williams, Kendal Fordham, and Taylor Bou

Mansa's Little Reminders: Scratching the Surface of Financial Literacy by A.D. Williams, Kendal Fordham, and Taylor Bou is a much-needed book for ages 7-10, shedding light on the life of an inner-city kid with big dreams but limited resources. The story follows Mark and his wise furry companion, Mansa, on a fun-filled adventure introducing fundamental strategies to bridge the financial literacy gap.

Through relatable and needed lessons, Mansa's Little Reminders aims to empower young readers like Mark with the tools and encouragement to change the trajectory of their lives.

20. The Four Money Bears by Mac Gardner

The Four Money Bears by Mac Gardner is an educational book designed for children aged 3-7. Kids learn the four basic functions of money through the characters of Spender Bear, Saver Bear, Investor Bear, and Giver Bear. The bears showcase both positive and negative actions with money, emphasizing the importance of collaboration.

Together, they build a budget, share stories, and offer fun financial tips. The book serves as a valuable tool to instill financial literacy skills in young children, laying the foundation for healthy financial habits. Parents can further engage by helping kids create their own monthly budgets.

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Importance of teaching kids about money

Teaching kids about money is a crucial aspect of their early education, laying the foundation for a financially responsible future. Understanding money not only imparts practical skills but also significantly influences children's decision-making as they navigate adulthood. Here's a look at the long-term benefits of instilling financial literacy in young minds:

• Financial independence: Early exposure to money management empowers children to make informed financial decisions, fostering independence.
• Budgeting skills: Learning to budget from a young age instills discipline, helping kids prioritize spending and saving, a skill that carries into adulthood.
• Responsible spending: Financial literacy teaches the difference between needs and wants, promoting responsible spending habits throughout life.• Smart Investing: Children exposed to the concept of investing are more likely to make informed and strategic financial choices as adults.
• Debt avoidance: Financially literate individuals are better equipped to avoid unnecessary debt, leading to improved long-term financial health.• Goal Setting: Kids with financial knowledge develop goal-setting skills, aiding them in achieving personal and financial milestones throughout their lives.
• Generosity: Understanding money enables children to appreciate the value of giving back, fostering a sense of generosity and community involvement.
• Entrepreneurial mindset: Financial literacy encourages an entrepreneurial mindset, inspiring innovation and a proactive approach to wealth creation.

Tips for choosing the right books

Selecting the right books to teach kids about money involves carefully considering various factors to ensure an engaging and effective learning experience. Here are essential tips to guide parents, educators, and guardians in choosing age-appropriate and relevant financial literacy books:

• Age appropriateness: Tailor book selections to the child's age group, ensuring that content and themes align with their developmental stage. Younger children may benefit from simple concepts, while older kids can delve into more complex financial topics.
• Learning style: Identify the child's learning style—visual, auditory, kinesthetic—and choose books that align with their preferences. Illustrated books may engage visual learners, while interactive or audiobook formats cater to different styles.
• Relevance of financial topics: Consider the relevance of the financial topics covered in the book. Opt for books that address age-appropriate concepts, gradually introducing more complex ideas as the child matures.
• Inclusivity and diversity: Choose books that feature diverse characters and perspectives to ensure inclusivity. This broadens the child's understanding of financial experiences across various backgrounds.
• Engaging narratives: Look for books with engaging narratives, relatable characters, and real-life scenarios. An interesting storyline can capture a child's attention and make learning about money enjoyable.•
• Interactive elements: Books with interactive elements, such as activities, quizzes, or discussion prompts, enhance the learning experience by encouraging active participation.
• Parental involvement: Consider books that facilitate parental involvement, providing opportunities for discussing money-related topics between parents and children.

How to use books to teach financial literacy

Teaching kids about money through books is not just about reading; it's a holistic approach that involves activities, discussions, and hands-on financial practices to instill practical knowledge.

Activities and discussions

• Budgeting for kids: After reading a book, engage children in a budgeting activity. Provide them with a small amount of play money and guide them to allocate it for different purposes, emphasizing the importance of planning and prioritizing spending.
• Investing for kids: Introduce the concept of investing through interactive discussions. Discuss how saving money can grow over time by investing wisely. Encourage kids to envision long-term goals and explore simple investment concepts, like starting a mock investment portfolio.
• Financial goal setting: Read books that emphasize setting financial goals. Following the reading, engage children in a goal-setting exercise. Encourage them to articulate their aspirations and discuss the steps required to achieve them.

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Encouraging hands-on financial practices

• Saving jar: Create a saving jar for kids. Each time they receive money, guide them to allocate a portion for saving, aligning with the concept of budgeting for kids.
• Mock store: Set up a mock store at home where children can "buy" and "sell" items using play money. This hands-on activity reinforces the basics of financial transactions.
• Investment simulation: Engage older kids in a simplified investment simulation. Discuss various investment options and have them track the hypothetical growth of their investments over time.

By combining book readings with these activities and discussions, children not only grasp financial concepts but also develop practical skills in budgeting and investing. This interactive approach ensures that the lessons from financial literacy books become ingrained in their understanding, setting the stage for a financially savvy future.

It’s never too early (or too late): Teach kids about money today

Teaching financial literacy is so important for empowering children with essential life skills. It equips them to make informed decisions about money, fostering independence, responsible spending, and long-term financial health. Parents and educators must take proactive steps to cultivate a financially savvy generation.

Engage in open discussions about money, integrate age-appropriate financial literacy books, and involve children in hands-on activities to reinforce concepts. Emphasize budgeting, saving, and investing, tailoring lessons to their developmental stage. For more insights on nurturing financial literacy for all ages, explore the RateWorks blog. To learn more about RateWorks and how they can help refinance your auto loan, contact us!