Teaching Gifted Kids to Make Smart Decisions About Money

With concerns about money and the economy at the forefront of everyone’s minds, it’s never too early to start teaching your gifted students about smart money management, savings, investments, charitable giving, and smart spending.

Parents looking to raise money-wise kids should check out the following resources:

  • Tykoon: This new website allows parents to assign tasks for kids and set a value for what they earn. Kids can then be taught to save a certain amount, spend wisely, and give portions to charity, all from one application. A list of other interactive websites for helping kids save and spend can be found here.
  • Money Matters: This Q&A provides tons of tips for parents to incorporate smart saving and spending into their everyday lives—where kids see their actions and results of such behavior immediately.
  • Kids.gov: This site, sponsored by the federal government, provides tons of links to money-related activities for kids, teachers, and parents.

Gifted kids interested in taking things further might enjoy finding projects to fund on sites like Kickstarter, which allows citizens to finance creative projects, or learning to invest their money in the stock market with the help of resources like Prufrock’s The Stock Market Game. Whatever route you choose, it’s never too early to teach kids lessons about spending and saving wisely!