Be sure to check out the other posts in the How To Homeschool For Free series too!
As any parent knows, the economics of keeping and managing a home isn’t something you can learn overnight. The balance of saving, giving, and spending without borrowing unnecessarily does not come naturally in this generation of “get it now” and “instant download” accessibility. Starting young with the basics of “what is money?” and “what is a job?” is a priceless beginning that will build a foundation for the rest of the life lessons of how to be a wise consumer. My hope is that somewhere in these links you will find resources to help yourself and your children develop good habits for being a responsible consumer and manager of the home.
Five J’s shows us how to discuss what a job means, how a person gets a job, and the kind of question one might get in an interview. If you have kids who want to practice filling out forms, Joy also has one link with a downloadable forms for practice.
Practical Money Skills for Life offers lesson plans about money for all ages. These lesson plans start with the basics of “What is Money?” to more complex budgeting & bill-paying lessons. The lecture guides, worksheets and even quizzes and tests are free to download and ready to use. There is a section of lessons specifically for students with special needs. You do have to register to use the lesson plans & play the games, but there is no fee involved at all.
The Center for Economic Education has resources to promote economic literacy. The free lesson plans here are numerous, and many of them use books you could get at your local library. You can download all of them, or just pick choose the ones that fit your needs.
Hands-On Banking has a plethora of resources for teaching money management. It has lesson plans for all grades, even for adults! There are some fun interactive areas for all ages as well. It is well worth clicking the link to see what is offered. I enjoyed exploring the kids area myself!
The United States Mint H.I.P. Pocket Change™ web site is all about coins and learning basic economic understanding! Lesson plans and games make for a fun exploration of money and it’s importance in personal finance. The lessons are for grades K-12.
Money Math is a four-lesson curriculum supplement for middle school math classes, teaching grade 7-9 math concepts using real-life examples from personal finance. The teacher’s guide with lesson plans, reproducible activity pages, and teaching tips is free to download.
Legacy Educational Resources has more lessons that just about money. The lessons here are for developing good character in every area of life. The money section doesn’t just speak of how to earn and save, but also why it’s important to give back to your community.
Council for Economic Education offers comprehensive, K-12 economic and personal finance education programs, including the basics of entrepreneurship. Not only do they have resources for kids, but also for teachers to help prepare for the lessons.
Have your kids ever asked what the letters on the bank window means? The FDIC has a mission to maintain the stability of the nation’s banking system. They also have a Start Smart: Money Management for Teens, which is a series of helpful information about saving and spending money. There is also a section about Identity Theft and how it can happen to kids, too. That section is worth reading for the parents as well!
Money Instructor is a collection of Money lessons, lesson plans, worksheets, interactive lessons, and informative articles. They have printable budget worksheets and budgeting lessons to teach real life basic personal finance concepts and important fundamental money skills.
This lesson uses a chore chart with monetary rewards for teaching your child the value of a job. I like this one because the directions state that the job must be completed without reminders or prompting. Even if you only paid the children for a month, I think it would be good practice for kids to realize that jobs take dedication and diligence. We do not give allowances for daily chores in our house, but it would be a fun way for the kids to earn a paycheck for a month. I had an idea that kids could use the chart to see how long they would have to work and wait to earn enough for a certain toy or item they have been wanting.