As parents teaching our children financial literacy is important. With our older children we had plenty of financial discussions some ad hoc, some more in real life training. However when I began seeing reviews for Money Time I was hooked and wanted to know more! A systematic approach, an actual financial literacy curriculum to make sure we hit all the topics, I was in!
when we signed up we had children who were: 8, 11, 13, 16 & 18.
So not all in their target area of 10 to 14, however the older teens decided to cover the material also just to be sure we had covered all with them.
it can be overwhelming to come up with imaginative curriculum ideas, especially when you are working across multiple grades
I am always looking for programs that encourage independence. I knew this one was a winner minutes after we signed in.
This was a sign-on-and-go program for my son. I didn’t need to explain or look over his shoulder. He took off flying and gave himself a job of pulling weeds and raking leaves in our neighborhood.
Responsible adults know that teaching kids financial literacy is important,
Being good with money is an essential life skill for a successful future, but how do you teach it to your children?
MoneyTime can help! We’ve developed an online financial literacy program that is ideal for use as a homeschool resource.
Teaching kids about money is essential. Financial literacy is one of the key skills for a good life – it really can be the difference between a comfortable life with all your needs met or having debt collectors seize your furniture, car, or even your house.
Teaching our kids about money has always been important to us, because the husband and I were pretty bad at managing money as teens and young adults. We lived week-to-week, got furniture on finance, and had two personal loans for cars (when we could have easily saved up).
It took us many years to learn how to have financial freedom – and we knew we wanted our kids to learn the same lessons young, to not waste the time and money we did while learning.
One fantastic program specifically dedicated to teaching money management for teens and middle schoolers is MoneyTime.
If teaching your kids financial responsibility is important to you, MoneyTime checks all the boxes. You can start as early as age ten all the way up to 14. (And probably a bit beyond if your kid is interested.) It’s an engaging program designed for kids using real-life situations. Your child will choose a job, learn about spending, saving, investing, rent or buy a virtual home, and more.
What Is Financial Literacy?
According to the investment website Investopedia, financial literacy is “the ability to understand and effectively use various financial skills.”
A financial literacy course includes topics such as saving, investing, financial institutions, credit cards, debit cards, credit scores, bank statements, insurance, and more.
MoneyTime is an interesting online financial literacy program for kids between 10 and 14.
It is a great tool to start your child’s financial education early and prepare them for more advanced curriculums.
The interactive course covers topics such as budgets, loans and repayments, mortgages, profit and loss, insurance, and more. The program extends through 13 parent-child modules.
Each module requires 30 minutes to complete. MoneyTime is quite flexible and meets curriculum standards.
Why Should You Teach Consumer Math and Financial Literacy to Your Homeschool Child?
It’s important to mention that advocating for the teaching of consumer math and financial literacy does not mean that a traditional math program isn’t important at all.
They both have a role in your child’s education. However, while traditional math is widely taught, consumer math is mainly ignored.
Benefits of using MoneyTime to Teach Kids about Money
- Teaches financial literacy beyond spending, saving, and budgeting.
- Requires NO financial knowledge
- Includes suggested activities for further study
- Online
- Fits easily into your schedule
- Game format including rewards for good performance
- Personalized experience