Our Favorite Educational Websites for Kids[Updated 2021] PART 1
I believe that just like potty-training shouldn’t be held off on until a kid is older, money and financial literacy shouldn’t be either. Why? Because managing money is one of those early, fundamental skills we all need right after learning how to use a toilet and wash our hands.
— Think I’m wrong?
Remember getting money from your grandparents for the first time and feeling your first brush with purchasing power? Now you can go to the store and not have to ask and bargain with your parents. Now you had your own money and you could choose what to do with it like buy that fun “Magic Sand” for 9.99 you saw while watching your favorite cartoon on Disney Channel. And maybe a couple ring pops and a chocolate bar on top of that. This is a new, incredible feeling for a kid and perhaps an uneasy one for parents since a kid doesn’t know enough to be able to always make decisions in their best interest. So we teach our kids the right things to do, and the responsibilities that come with their life as they grow, and money is no different.
The coolest thing about money in particular is that it’s a shared responsibility that kids and parents have simultaneously. While we already know how to use a toilet and wash our hands, managing money is a constant and dynamic learning process which allows kids and parents to learn with each other. That's why practicalmoneyskills.com is one of our favorite websites for kids (and their parents). Although a lot of the information might be just a refresher for some parents, kids will enjoy this brand new feeling of responsibility and power because inherently as kids we all desire to be just like our parents. This also creates a great opportunity to lead by example.
