Financial Education Resources for Parents: Materials & Tips to Teach Your Kids About Money
From the moment of birth, a child starts developing financial behavioral habits. Think of all the messages kids receive related to money: parental modeling, advertisements, peer and societal pressures to spend. Brown University’s research on chores demonstrates that this financial habit has formed and taken firm root by the age of 9 (3rd grade).[1] Study Finds Habits in Children Take Root by Age 9 – Here’s What That Means for Parents | HuffPost Life
If children don’t have positive financial role models or people to teach them about money, they may fall into the common financial traps many people experience as adults.
Therefore, it is essential for parents and teachers to make a conscious and consistent effort to discuss finances, model good financial decision-making, and provide opportunities for kids to practice earning, budgeting, saving, and spending, especially while they still have the safety net of living at home and being supported by their families. We hope these resources help.
*By Accessing These Materials You Agree to a Limited License: The National Financial Educators Council (“Licensor”) grants the Licensee of the NFEC’s Material a limited, non-exclusive, License to use the NFEC’s Resources (“Resources”). The NFEC retains the copyright and all rights not expressly granted to the Licensee. Complementary resources can be shared with up to 30 students. By accessing the NFEC’s material, you agree to comply with the full terms.
Complimentary Kids’ Financial Literacy Materials for all Massachusetts Residents
A primary objective of the Massachusetts Financial Educators Council is to empower parents and caregivers with the resources to support children’s financial literacy. We include diverse resources that guide you to teach and participate in activities designed to help your children develop positive financial habits.
The resources meet the highest academic standards, while also being fun for kids and easy to use for parents. The state chapter is funded by local and regional sponsors who use the materials developed by the National Financial Educators Council. These resources have been acclaimed for their alignment with best practices for teaching kids personal finance.
Our Local Champions Across Massachusetts Make these Resources Possible
Local champions ensure that financial education programming, resources and data are provided complimentary to individuals and organizations throughout Massachusetts.
Complimentary Kids’ Financial Literacy Materials for all Americans
The National Financial Educators Council (NFEC) has a mission of giving people the knowledge and guidance they need to move toward greater financial well-being. Empowerment is one of the values guiding that mission. For example, the NFEC empowers parents and caregivers with resources that support financial literacy for children – diverse resources that guide parents to teach and participate in activities that help kids develop positive financial habits.
These high-quality resources are developed in collaboration with leading educators, personal finance experts, and financial professionals to align with top educational standards. The materials have been acclaimed for their independence and representation of best practices for teaching kids about money.
Materials Provide Diverse Delivery Methods
The resources provided support diverse learning methods and environments. We encourage you to use the materials in ways that align well with your learning style or the learning styles of the students you are teaching. Each complimentary resource has these 3 labels to give you quick reference to identify delivery options.
Independent Learning
Individuals can use the materials on their own.
Parent-directed Education
For kids, “parent-directed” describes the process of parents teaching their children.
Instructor-directed Education
These resources are for a course facilitator or educator to use while leading a training program.
Complimentary Resources
Curriculum, Presentations, & Activities for Kids
Independent Learning
Parent-directed Education
Instructor-directed Education
Includes 9 lessons and activities for each age, ranging from 4 to 13 years old. These resources can be used by both educators and parents to help youth build the core skill sets and habits they will need as they mature into adulthood. Fun activities are supported with high-quality education and strategies to enhance your child’s financial literacy.
Family Chore Project
Independent Learning
Parent-directed Education
Instructor-directed Education
This project is designed for parents to help their children develop core financial skill sets centered around earning, saving, and spending. The project-based learning builds positive financial values and has them practice skill sets they will need as adults. Educators – provide this project to parents of the students you teach to encourage education at home.
