Student credit cards and young credit

Financial literacy online resources for parents, children

With only a small number of schools offering formal financial literacy classes these days, what should concerned parents be doing to make sure their children learn money skills?

Champlain College’s Center for Financial Literacy found in a 2017 study that only 16.4 percent of American students are required to take some form for financial education course. Even in school districts that offer formal financial literacy programs, the best teachers are often informed parents. Back-to-school guide 2017

Back-to-School Guide

“One of the biggest influences on children’s financial capabilities are their parents,” says Nan Morrison, president and CEO of the Council for Economic Education. “Ideally, financial literacy is taught in schools and reinforced at home, just like other subjects.”

To get informed, Morrison suggests consulting your local library, chamber of commerce, going online or your workplace for personal finance programs. Then incorporate those lessons into everyday situations where your child has an opportunity to make a choice about money.

The websites below offer resources to help parents and children learn about financial topics. All materials are free unless otherwise noted.

  • The Council for Economic Education’s Financial Fitness for Life Parent Guide is a comprehensive resource that helps parents lead kids K-12 through all of the important aspects of personal finance.
  • The Muppets teach young children about spending, saving and giving in Sesame Street’s “For Me, For You, For Later” videos and printable activities. A parents’ guide is included.
  • At The Mint, activities, games, quizzes, pointers and tools relating to personal finance are broken down into sections for children, teens, parents and teachers. It was created by Northwestern Mutual Foundation with the Council on Economic Education.
  • Consumer Jungle, a collaboration between the University of Arizona’s Take Charge America Institute and the Young Adult Consumer Education Trust provides tweens, teens and young adults with lessons, blogs, games and interactive tools dealing with credit, savings, insurance and more.
  • Visa partnered with consumer advocates, educators and financial institutions to create Practical Money Skills for Life, geared toward consumers and students of all ages. It includes videos, podcasts, articles, calculators and lesson plans intended to teach the essentials of personal finance.

See related:4 wrong money messages for kids (and 4 right ones), Charged Up! Podcast: Becoming financially literate

What’s up next?

In Student credit cards and young credit

5 smart banking tips for college students

The bank your college chooses may be more convenient. However, experts say you're better off thinking about what you really want from a banking service before you sign your name on the dotted line. These tips can help you decide

Published: March 8, 2012

See more stories
Credit Card Rate Report Updated: September 11th, 2019
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.