5 Books To Teach Toddlers About Money
In a recent blog, Teaching Toddlers About Money, we were shocked to learn that most children's financial habits are formed by age 7! In fact, it's been shown that most young children had grasped all the main aspects of how money works and have formed "core behaviours which they will take into adulthood and which will affect financial decisions they make during the rest of their lives".
Aside from games/pretend play and everyday teaching moments, books serve as a great tool to help kids save money and develop financial literacy. "Good children's books aren't overtly written to 'teach a lesson,' and if a book does teach a lesson, it should come out in a subtle way," says Seattle-based children's book editor and writer, Nina Hess.
Here are a few that we think do just that:
1. Lemonade in Winter by Emily Jenkins and G. Brian Karas
A lemonade stand in winter? Yup! Well, actually a lemon and limeade (and also lemon-limeade) stand. Kids learn basic entrepreneurship and math concepts. (Ages 2 to 7)
2. Bunny Money by Rosemary Wells
Shopping for Grandma turns into a budgeting lesson when $100 quickly dwindles. Bunny Money teaches basic money math as well as the idea of budgeting. You can also print your own Bunny Money and use it for various teaching activities. (Ages 3 to 7)Bunny Money Front / Bunny Money Back
3. How The Moonjar Was Made by Eulalie Scandiuzzi
Noom and Raj work together to find a way to allocate their money. The book teaches kids how to save money with a special money jar. Also learn to spend and share along with Noom and Raj. Check out the website where children can purchase a “moonjar” of their own. (Ages 3-7)
4. Tia Isa Wants a Car by Meg Medina.
A little girl pitches in to help her tía save up for a shiny green car and take the whole family to the beach. Kids learn about saving money. (Ages 3 to 7)
5. Joseph Had a Little Overcoat by Simms Taback
A sweet story of Joseph, who turns his old overcoat into a little jacket then turns that jacket into a little button. Teaches frugality and the idea of reusing things, because even items that are worn out can still be valuable. (Ages: 3 to 8)