15 Financial Tools and Resources for Your Family

Family

Earlier this month PT and I attended Jump$tart’s National Educator Conference in Los Angeles. The conference provides teachers with resources to improve their own financial literacy as well as improve their ability to teach kids about personal finance in school.

Jumpstart FinancialI had the opportunity to present on Smartphone Money Apps for Kids I shared all the things you can do with Smartphones today to manage money (it’s quite a large landscape!), what makes sense for kids (primarily teens), many, many app examples as well as important security considerations. Click here to check out the presentation.

Overall, this was a fun experience and it’s so exciting to see many people and organizations with interest in helping educate kids about personal finance. This is such an important cause to get behind and as the song says, “our children are our future.”

During the conference PT and I had a chance to take a stroll through the exhibitor hall and see several organizations sharing their tools and resources with educators. Many of them work well at home for families so I thought I would share a few of them with you parents out there. It’s never too early to start teaching about personal finance at home!

Financial Tools and Resources for Families

Moonjar – Moonjar provides several products to help educate kids about money. The Moojar Moneyboxes are a visual based learning kit to help kids understand wants and needs, budgeting and goal setting. You can also purchase the Moonjar book to understand the story behind the tools of how two characters learn together about financial principles and achieving their goals.

Money Mammals by SniggleZoo – Money Mammals offers products for kids and resources for parents to make learning about money fun. Their product line includes apps, DVD’s picture books and teaching kits. The family kit includes all the products for teaching kids about money, including an allowance planner.

FamZoo AppFamZoo wasn’t exhibited at the conference, but it was one of the apps I included in my presentation that really impressed me. FamZoo is a virtual family bank that teaches kids giving, saving and spending principles. Parents create chore lists and to do lists that are shared with family members. Virtual accounts are created to track earnings once chores are completed. The app provides for a collaborative budgeting environment and all the money is managed virtually. Parents pay the kids real money outside of the app based on earnings and what they accumulate in their account.

MoneyLife$avers – Don Bell, a retired educator, wrote, MoneyLife$avers: What Teens Need to Know About Money. The book provides money management advice for both teens and their parents. It focuses on making smart decisions today to avoid mistakes that can impact teens’ financial future. It tries to make learning about money fun by providing quiz games, cartoons, quotations and trivia in the book.

Centsables – The Centsables is a new breed of super heroes on Fox Business Saturday mornings at 11 AM ET. The program was created to help children to understand money and how it impacts their lives. The Centsables website provides a full multi media experience in educating both parents and kids about money.

More Resources

Even More Resources from Banking Partners

Bonus: Looking for a great personal finance blog for teens? Check out TeensGotCents.com with Eva Baker.

I’m quite certain many of you readers have come across some great resources and tools for teaching kids about money. Have you used any of these products, or have you had experience with others worth noting? Leave a comment and let us know!

Image credit: AFS USA

Last Edited: December 2, 2014 @ 2:44 pmThe content of ptmoney.com is for general information purposes only and does not constitute professional advice. Visitors to ptmoney.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Jason Price

Jason is a husband, dad, entrepreneur and financial ministry leader passionate about serving people in the area of personal money management. He's been doing so for over 10 years in ministry, coaching, speaking and blogging. Learn more about Jason here, follow him on Twitter or read more of his articles here at PT Money.

Comments

  1. I like the idea of a family bank app. When I was little, my sister and I opened a bank for the kids on the street (I wonder why they made us shut down?)

    Our daughter is only 2, but we’re already starting to talk about money with her. I’ll try to remember the FamZoo App for when we start her on an allowance.

  2. Jason,

    Thank you for the mention of FamZoo – much appreciated! Note that in addition to the virtual accounts, which we call “IOU accounts”, we also now have prepaid card accounts that can be used to hold/track/manage/spend real money. They’re nice because the purchase transactions are tracked automatically (less work for mom/dad), and the kids have direct purchase power (with LOTS of parental oversight and no risk of debt or overdraft).

    I’m a big fan of MoonJar, The Money Mammals, and the Centsables – and. I look forward to checking out Don’s book – that one was new to me.

    Regards,
    Bill

  3. Great list. Next to valuing an education, teaching kids good financial habits is about the best thing you can do. Definitely putting this post in my Best Blog Posts of the Week roundup (next Thursday).

    I like P2K money and Kids Money as well.

  4. Shannon Ryan has a wonderful blog and book series called The Heavy Purse, all about teaching fundamental money principles to children.