Teaching financial literacy to children and teens

Most Americans can’t pass a basic financial literacy test, according to the Finra Foundation. In fact, 66% of Finra test takers could not answer three out of five questions correctly.

Though more financial courses in public education could certainly help here (only a few states require students to take personal finance in school), parents may be able to make the most immediate impact.

Do you want to teach your child the ins and outs of money management, help them establish good credit and encourage financial independence as they grow older? With lessons, resources and interactive games, apps and activities, this guide can help. Each section in this guide is based on the Council of Economic Education’s standards for financial literacy.