Mar 2, 2009 10:40 pm US/Central
Stretch Your Dollar: Teach Kids About Money
CHICAGO (CBS) ―
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LearnToSave.com has stories, puzzles and coloring books to help young children learn about about money.
CBS
Lots of children these days have that ATM mentality - that money comes from a machine. But now there are websites that can help parents teach their kids how to spend responsibly and stretch their dollars.
Margarette Burnette's boys Christian and Charles love to count change, and she says they like spending it, too.
"They just see all the commercials and everything, and they just want to spend," Margarette said. "They want to go to the store."
UC-Berkeley Business Professor Dr. Kathleen Connell says there are some great websites to help parents teach kids about money.
For young children like Christian and Charles, she recommends
"LearnToSave.com".
"On that website are very simple stories, puzzles, coloring books that help a child learn what spending is about," Dr. Connell said.
For children a little older, there's
"OrangeKids.com".
"OrangeKids.com is set up as a global world where there is a savings island, a spending island, an investing island and a rewards island," Dr. Connell said.
Children in middle school and older may enjoy
"KidsBank.com."
Margarette believes the websites could be a valuable tool.
"My kids love computers anyway, they're going to be on there to play games, so I'd love for there to be something on there to help me educate them about money," Margarette said.
The sites will not ask you for money. Dr. Connell recommends you avoid those that do.
For links to the websites, click below:
Learn To Save
Orange Kids
Kids Bank
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