Teaching kids about finance at a young age is important for their future financial success. One of the best ways to do this is by reading books that educate and entertain children about money. In this article, we’ll explore the 7 best finance books for kids in 2023.
- “The Money Tree” by LaDonna Smith
“The Money Tree” is a story about a little girl named Mia who discovers a magic money tree in her backyard. With the help of the tree, Mia learns important lessons about earning, saving, and spending money. This book is a great introduction to finance for young children and is perfect for ages 4-8.
- “How to Turn $100 into $1,000,000” by James McKenna
“How to Turn $100 into $1,000,000” is a fun and engaging book that teaches kids about the power of compound interest. The book follows the story of two brothers who invest their allowance and watch their money grow over time. This book is ideal for children ages 8-12.
- “The Richest Man in Babylon” by George S. Clason
“The Richest Man in Babylon” is a classic finance book that has been adapted for kids. The book uses parables to teach children about the importance of saving, investing, and managing money wisely. This book is best for children ages 10 and up.
- “Rock, Brock, and the Savings Shock” by Sheila Bair
“Rock, Brock, and the Savings Shock” is a fun and interactive book that teaches kids about saving and budgeting. The book follows the story of two brothers who learn about saving and budgeting from their grandfather. This book is perfect for children ages 5-9.
- “Lemonade in Winter” by Emily Jenkins
“Lemonade in Winter” is a sweet story about two siblings who decide to set up a lemonade stand in the winter. Through their business venture, they learn important lessons about money, counting, and making change. This book is ideal for children ages 4-8.
- “The Everything Kids’ Money Book” by Brette McWhorter Sember
“The Everything Kids’ Money Book” is a comprehensive guide to finance for kids. The book covers topics such as budgeting, saving, investing, and giving to charity. The book also includes fun quizzes and puzzles to help reinforce the lessons. This book is best for children ages 8-12.
- “A Smart Girl’s Guide: Money” by Nancy Holyoke
“A Smart Girl’s Guide: Money” is a book geared toward young girls that teaches them about managing money. The book covers topics such as budgeting, saving, and earning money. The book also includes real-life stories from girls who have successfully managed their finances. This book is ideal for girls ages 8-12.
In conclusion, reading finance books to children is an excellent way to teach them important money lessons in a fun and engaging way. Whether you’re looking for a book for a young child or an older tween, there are plenty of great options available. By introducing kids to finance at a young age, you can help set them up for future financial success.
