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Wednesday, September 24, 2014

Resources For Teaching Economics

I thought I'd share a few links and resources I've found to help teach money concepts to kids.

It's my life Game Super easy and fun game that is easy enough for young kids to get the concept but challenging enough that older ones can't beat it the first time- It's a good introduction to buying and earning.

Be your Own Boss Game this game is a little easy to beat but is a great introduction to starting a business. In this game you pick a business, decide how to get your capital to start the business, learn about promoting and advertising. It's really simple and easy enough for even young kids.

Teaching Elementary Economics This site has lots of lesson plans and games to teach economics.

If you have access to Hulu they have a great show called Biz Kids.

A few book resources:
My two favorite Bible Studies are How to Manage Your Money by Larry Burkett and Discovering God's way of Handling  Money by Crown Financial Ministries.

Some Really great books that I have read are The Money Smart Family System by Steve & Annette Economides, I don't follow their system but they have some great advice and really help get you motivated to make changes in the way you view money. Managing You Money Cliffsnotes, I found this book for like 50 cents at Goodwill and it's a really good introduction to economics, saving,and investing. It's written simple enough for an older kid or a teen to understand. Rich Dad, Poor Dad and Guide to Investing both by Robert Kiyosaki and one of my favorites that I read over and over is The Automatic Millionaire by David Bach. This book is the one that really got me to make the changes I needed to. It's such a simple concept that can literally change your financial situation. I got is at Goodwill for like $2.00. Best money spent ever!

And my favorite books for kids are The Everything Kids Money Book by Brette McWhorter Sember, J.D. and The Young Investor by Katherine R. Bateman. The Everything Kids Money Book  is one I left on the coffee table and Kyle and Lacey both would flip through it. It's simple and Interesting. The other book is outstanding for kids and adults to learn about investing in stocks, bonds, and CD's. It is simple to understand, but very informative.

I also bought Cashflow for Kids the game. It's kinda expensive but I lucked upon a really cheap one on Ebay. It is awesome.

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