Monday, April 9, 2012

Financial Literacy Month: Tips and Activities, Round 2

photo from on flickr
April is Financial Literacy Month in the United States.  The Jumpstart Coalition for Personal Financial Literacy  describes this month as a time to "draw attention to the importance of financial literacy and the need for more and better financial education through a variety of activities and initiatives."  

To celebrate Financial Literacy month, I have gathered 30 activities, one for each day of the month, that you can do with your child or teen to help start them on a path of financial responsibility.  Here is the second installment.

Week of April 9th - 15th 

from MissMessie's photos on
April 9th:  Let kids clip and organize coupons for grocery shopping.  Consider using the savings for a family activity or you could even pay your child a portion of the coupon savings.

April 10th:  Allow your child to borrow money from you occasionally. Nothing will teach the value of a dollar better than paying off a debt!

April 11th:  Have a family game night.  Play games that have money as a theme, such as Monopoly, PayDay, CashFlow or Life.

Classic school lunch. Yum.
from Ben+Sam's photos on flickr
April 12th:  Try a mini-budgeting task with your child or teen.  Teens can learn to budget for clothing or gas.  Kids can budget for their gifts for teachers or their lunch money.

April 13th:  Encourage your child to donate or sell toys that they no longer play with.

April 14th:  Allow kids to earn extra money.  Although it might be easier for you to do the job yourself, allowing your child to earn money will boost his self-confidence and teach him the value of a dollar.

April 15th:  Consider matching or paying interest on money that your child can save.


  1. Those are some great things to try out. :-) Thanks Pam.

  2. Matching savings can be a real incentive, especially if you continue the practice over time. We did this when the kids had summer jobs - matched their earnings and encouraged them to put the matched amount into an IRA.

    1. Great idea! What a fabulous way to introduce them to an IRA!

  3. Some good stuff here. If you let your kid borrow yesterday, are you charging interest today?

    1. We haven't charged interest on any loans to our kids. However, there are families who do & it works for them.