9 Amazing Books to Teach Young Kids About Money (2024)

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Our kids have books about barnyard animals, colors, cows that type, little blue trucks and a million other silly things. Why not get them some books to teach them early concepts of money and giving? Most kids can understand basic money concepts by the time they are 3, and many basehabits are set by age seven! So to help jumpstart child’s learning library, I rounded up my favorite books toteach young kids about money! These books will introduce your 3- to 8-year olds to the concepts of spending, saving, money identification, basic money math, and more. And of course, they are fun!

Before we dive in, I wanted to give a major shout out to Park Street Books, our local bookstore where we stock up on all the titles in Fuss Fish’s library. Not only is it amazing to have a place for Fuss to choose books of his very own, butyour local bookstore owner is also a wealth of knowledge when looking for the perfect book for your youngster. The amazing owner at Park Street even helped me pick out some of the titles on this list! Thank you!

This post contains Amazon affiliate links. I always prefer buying children’s books at our local bookstore, but if the convenient two-day shipping appeals to you, purchasing through the links below will send Mama Fish Saves a few cents to keep the lights on! For more information, see my disclosure.

Table of Contents

The Berenstain Bears’ Trouble with Moneyby Stan and Jan Berenstain

9 Amazing Books to Teach Young Kids About Money (2)What children’s series teaches morals better than the Berenstain Bears? In Trouble with Money, Brother and Sister Bear find ways to work for money to play a video game. They learn what happens when you spend too quickly on things you don’t really need and the lessons of saving. The book also introduces the basic concepts of banks and interest. Best for kids aged 3 to 7.

This is a great book to get your kids when you are ready to introduce the concept of allowance. The ties very well into getting started with the spend, save, give method of allowance.

Buy on Amazon:The Berenstain Bears’ Trouble with Money

Once Upon a Dime: A Math Adventure by Nancy Kelly Allen

9 Amazing Books to Teach Young Kids About Money (3)Once Upon a Dime is a cute story to teach kids (aged 5-9) about different coins and their values, as well as the purpose of money. In the story, an organic farmer discovers a new tree on his farm that grows money! He then finds that the type of fertilizer he uses effects the kind of money his tree grows. Through the book, readers calculate the changing value of the crop with the farmer’s young helper.

The best part of this story is the message of determining what is enough and achieving contentment with money.

Buy on Amazon:Once Upon a Dime: AMath Adventure

Just a Piggy BankbyGina and Mercer Mayer

9 Amazing Books to Teach Young Kids About Money (4)The Mercer Mayer books were some of my brother and my favorites growing up! Targeted for kids 3 through 8, Just a Piggy Bank is an awesome addition to the series to show kids why you need to save first. Little Critter tries to spend first,and save later, only to find he has no money left to put in his piggy bank! Then he doesn’t put his money in his piggy bank right away and loses it! A great story on saving and responsibility with money.

This book does highlight chores for cash, so if you view chores a family responsibility, be ready to explain!

Buy on Amazon: Just a Piggy Bank

Alexander, Who Used to be Rich Last Sunday by Judith Viorst

9 Amazing Books to Teach Young Kids About Money (5)In this mopey tale, Alexander explains how he went from being rich last Sunday to only having bus tokens today. Aimed at kids aged 4 through 7, Alexander and his brothers each get a dollar from their grandparents. Alexander is supposed to save his dollar for the walkie talkie he wants, but instead, he spends his money on lots of silly things he doesn’t need (or actually even want). While this story doesn’t have a happy ending for Alexander, it is a solid reminder to spend wisely if you don’t want to be broke next week!

Buy on Amazon:Alexander, Who Used to be Rich Last Sunday

Lemonade in Winter by Emily Jenkins

9 Amazing Books to Teach Young Kids About Money (6)What happens when you open a lemonade stand in winter? You lose money. Even when you advertise, have a sale, offer entertainment and more. In Lemonade in Winter, two entrepreneurial young siblings try to hold a lemonade stand in the snow. The book walks through their journey buying the supplies, setting up the stand, and making changes to their plan to sell more lemonade and limeade. Targeted at kids aged 3-7, this is an excellent story for learning about money, business, and how profit isn’t the same as revenue.

Check out the end of the book for a great breakdown of the different types of money and how to identify them!

Buy on Amazon:Lemonade in Winter

Follow the MoneybyLoreen Leedy

9 Amazing Books to Teach Young Kids About Money (7)Ever wondered how money gets into circulation? Follow the Money introduces the concept of the Federal Reserve and newly minted money, following the path a new quarter on its first day in existence! From the Federal Reserve, to a local bank, into the hands of a grocer and on, your kids will learn the many places money can travel. Told from the perspective of George Washington, the new quarter, the story is fun and inviting for children aged 4 through 8.

This book includes lots of little asides and puns, to make the story valuable time and time again. Plus, it includes some fantastic math challenges for your child’s developing math skills!

Buy on Amazon:Follow the Money

One Cent, Two Cents, Old Cent, New Cent: All About Money by Bonnie Worth

9 Amazing Books to Teach Young Kids About Money (8)Who doesn’t love a good Cat in the Hat book? Bonnie Worth’s fun, rhyming book is a comprehensive introduction to the history money for kids aged 4 through 8. It talks about bartering, the early forms of money, how money doesn’t grow on trees, interest and the basics of the banking system. While your kids won’t necessarily learn coin and money identification under the current system, they will learn invaluablelessons about the purpose of money.

Are you a coin or currency collector? This is an awesome book to introduce your kids to your hobby!

Buy on Amazon:One Cent, Two Cents, Old Cent, New Cent: All About Money

Bunny Money by Rosemary Wells

9 Amazing Books to Teach Young Kids About Money (9)Bunny Money is a cute story of brother and sister, Max and Ruby, going into town to buy their grandma a gift with the money Ruby has saved up. It explains spending money and how fast your money can disappear.If your kids love the Max and Ruby stories, this is a great book for you! Though, I would have liked to see the kids have some negative consequence forMax spending their last dollar and leaving them no way to get home.

Bunny Money is an excellent introduction to spending money for kids aged 3 to 5.

Buy on Amazon:Bunny Money

The Spiffiest Giant in TownbyJulia Donaldson

9 Amazing Books to Teach Young Kids About Money (10)Now, my last book in your preschool money library isn’t actually about money at all. But what money lesson could be complete without a strong message on giving? Julia Donaldson, the author of The Gruffalo (one of our favorites!), tells an adorable story of a giving giant for kids aged 3-7. The giant is sad about being the scruffiest giant in town. So he buys himself a fancy outfit to be spiffier! But when he learns about the needs of other villagers in his travels, he happily gives up his fancy possessions to help out and makes some great friends along the way. A great reminder for our little ones that sometimes the biggest happiness is not to have fancy things, but to be kind.

Buy on Amazon:The Spiffiest Giant in Town

I hope you and your children learn from these incredible books! Tying a money lesson into reading time is a great way to jumpstart your child’s financial education. And it is never too early to get started?

Do you have any favorite money books for young kids? Share with other families in the comments!

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9 Amazing Books to Teach Young Kids About Money (2024)

FAQs

What is the best book to teach children financial literacy? ›

1. 'Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss,' by Walter Andal. Best for: Kids' first introduction to financial literacy. Parents and guardians looking to introduce their children to money and financial literacy should look no further than “Finance 101 for Kids,” by Walter Andal.

How young to teach kids about money? ›

Kids between the ages of 6 and 8 may start to understand how money works. "As soon as your child is receiving an allowance, he'll need a place to put his money," says Pearl. Make a trip to the bank an event. Help your child open a savings account, and encourage them to make regular deposits.

What is the best book to understand money? ›

Ranking the 49 Best Money Books of All Time
  • The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life. ...
  • The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. ...
  • Atomic Habits: An easy & Proven Way to Build Good Habits & Break Bad Ones.

What are the 4 main financial literacy? ›

Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing. It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.

How do you teach financial literacy to elementary students? ›

Below are eight tips for teaching your kids how to be smart with money.
  1. Make it Fun. You may think that your 8-year-old is too young to learn about finances, but that's not true. ...
  2. Be a Good Role Model. ...
  3. Discuss Your Spending and Saving Habits. ...
  4. Give Them an Allowance. ...
  5. Talk About What Money Does. ...
  6. Let Them Work. ...
  7. Encourage Saving.

How do you teach rich kids about money? ›

Use allowances to teach children how to handle wealth. Have them divide their allowance into three equal parts. One-third goes toward their own pleasure, one-third into savings and one-third to charity. This method helps them learn about other uses of money, beyond buying them things.

How do I teach my 5 year old about money? ›

When they're little
  1. Introduce the value of money.
  2. Emphasize saving.
  3. Introduce them to investing.
  4. Encourage a summer job.
  5. Introduce them to credit.
  6. Consider a Roth IRA.
  7. Help them set a budget.
  8. Encourage them to stay invested.

How do I teach my 4 year old money? ›

The power of play
  1. Share out some real 1p, 2p and 5p coins so they can get used to the feel, shape and size of money.
  2. Add small price tags to things such as toys, treats or building blocks.
  3. Set an easy budget for them to spend, such as 50p.
  4. Help them work out what they can buy with that 50p.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How do you teach kindergarten about money? ›

How to Teach Preschoolers and Kindergartners About Money
  • Use a clear jar for their savings. ...
  • Set an example with your own money habits. ...
  • Show them stuff costs money. ...
  • Show them how opportunity cost works. ...
  • Give commissions, not allowances. ...
  • Avoid impulse buys. ...
  • Stress the importance of giving. ...
  • Teach them contentment.
Jan 9, 2024

What does Rich Dad Poor Dad teach you? ›

The most important lesson from Rich Dad, Poor Dad is that financial literacy is crucial to financial success. He argues that school education fails in this regard and needs to effectively teach financial literacy, including the basics of financial management and wealth building.

Is Rich Dad Poor Dad a good book? ›

In conclusion, Rich Dad Poor Dad is a must-read for anyone interested in building wealth and achieving financial freedom. The book offers practical advice, challenges traditional financial beliefs, and provides inspiration and motivation to take action.

Is Rich Dad Poor Dad still relevant? ›

You might be wondering if the book is still relevant. Well, good news – many of the lessons it teaches are timeless and can help you understand money better. The book discuss assets (things that make you money) and liabilities (things that cost you money). This concept is still super important today.

When should I start teaching my child financial literacy? ›

Parents should start teaching their kids about money as young as 3, according to behavioral researchers from Cambridge University. By doing this, children can learn the knowledge, skills, and character traits necessary for a lifelong understanding of personal finance and credit cards.

Should kids be taught financial literacy? ›

Teaching kids the basics of money management can help them develop the skills necessary to achieve financial success later in life. From saving and investing to creating and sticking to a budget, early money lessons can give your kids a leg up when it's time for them to make more significant financial decisions.

Are financial literacy programs actually helping kids learn about money? ›

Key Takeaways. Teaching financial literacy at a younger age helps children develop healthy, lifelong financial habits. The main principles of financial literacy include earning, saving, investing, protecting, spending, and borrowing.

How do you teach financial literacy to kindergarten? ›

This article discusses five kid-friendly activities you can try that promote financial literacy.
  1. Play money games. Many kids learn best by doing. ...
  2. Buy with a budget. Now and then, your kids may come into some cash they can call their own. ...
  3. Start saving. ...
  4. Set financial goals. ...
  5. Learn on the go with family and friends.

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