Books are always valuable. Reading is definitely a habit that starts in early childhood. Just like you teach your kid to read, you should also teach a child how to manage money. The earlier you start the better. Why not to combine both and read some great books for kids that teach children exactly how to manage money.
Related: Best money books for moms.
According to bookspring.org higher reading exposure was 95% positively correlated with neural activation in the left-sided parietal-temporal-occipital association cortex, a “hub” region supporting semantic language processing, controlling for household income.
Great Books for Kids to Develop Good Money Management Habits
# 1 Lemonade in Winter
It is a great book for kids who are either preschoolers or go to elementary school. What I love about the story is that it is immediately engaging and makes children think. There are numerous teaching ideas. The story obviously teaches counting money. However, it will also teach subtraction, categorizing, sorting, and evaluating outcomes. Also, there are clearly noted how Pauline is focused on trying different ideas to make a sale. For example, did lowering the price lead to the increase in sales? You can discuss so many important aspects with your kids in the adventurous way.
# 2 Bunny Money
Max and Ruby story, where Ruby has saved $100 to buy her grandmother a birthday present, but various unexpected events befall Ruby and Max, causing some of that money to disappear. Will they have enough to buy the gifts for grandmother? The book is great as it teaches the basic value of money, also addition and subtraction. Children will also learn the basics of budgeting and any kind of emergencies that may come up.
# 3 The Berenstain Bears’ Trouble with Money
The book teaches great money lessons in entertaining way. Your child will see what happens when Brother and Sister Bear spend all the money they get as soon as they get it. It shows the importance of saving money. Mama and Papa Bear help your child to understand that there is more to know about money than just how to spend it. This is a great resource to teach children the basic concepts of saving, overspending, earning and even economics.
Very cute and educational story. The Bears are thrilled to go to shopping with their money. Mama Bear decides to give them each checkbooks to write down what they have spent, so the cubs would know what they had spent and what they still had in the “bank”. It is an absolute timeless classic that is perfect for teaching about saving, spending, and allowances. It even has sample checks and stickers in it.
It is definitely a delightful story with beautiful illustrations. It is a great story of a frugal man who has a nice overcoat, but he wears it a lot until it finally begins to wear out. He reuses the material to make a jacket, then a vest, eventually many other things until it becomes a cloth button. The book shows the importance of frugality and reusing things. Although some items can be worn out, but still can be used for many other things. The book won a Caldecott Medal for its wonderful drawings.
This book is designed to help teach about counting and using money. It starts off with a review of numbers 1-100. It also shows how to use pennies all the way up to 20. It asks the child to write in the number in a box. It shows both front and back of the penny and introduces the cent symbol so your child can become familiar with what it looks like. It even goes on to the nickel, dime, quarter, and half-dollar. It is one of the great books for kids as it is helping children make the connection of counting by 5’s and 10’s and how it translates to money.
The Coin Book is big, easy to handle, colorful and is a great resource for a child. It does a good job of putting the different money types together, for example 5 pennies can be 1 nickel. It is fun and perfect way to introduce your child the value of coin and money in general. It helps to improve thinking and math skills. For example, it is a great way to learn about greater than, equal to, less than.
Recommended Great Books for Young Kids: Final Thoughts
There are numerous great books for kids and deciding which is right for your child is not that easy. Consider what you want your child to learn the most and pick based on that. For instance, there are different great books for kids that teach the value of money, however some other books might focus on counting instead.
Which great books for kids can you recommend? Do you use any books to teach your children about money? Share in comments below!
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