top of page

Making Money Fun: Creative Ways to Teach Finance to Young Learners

As an educator passionate about promoting financial literacy for elementary schoolers, I've seen firsthand how vital it is to start teaching kids about money from a young age. However, even bringing up the topic of finances with children can seem daunting. The good news? It doesn't have to be! This article is dedicated to showing you how teaching finance can be as enjoyable as it is informative. So, let’s dive into some creative ways to make financial literacy fun and engaging for your young learners.


Table of Contents


kids learning about finance

Starting with the Basics

Why Start Early

Introducing children to financial concepts early in life is crucial. Just as we teach kids about letters and numbers, instilling basic financial knowledge is equally important. Starting with the basics lays a strong foundation for understanding more complex financial topics later on. 

It’s during these formative years that kids are most curious and open to learning new concepts, making it the ideal time to introduce good money habits. This early education can shape their attitude towards money management, influencing their financial decisions well into adulthood.

Age-appropriate Concepts

When it comes to financial literacy for elementary schoolers, tailoring lessons to be age-appropriate is key. For the younger ones, start with the very basics:

  • Understanding Money: Teach them to identify different coins and bills, and their values.

  • Basic Transactions: Explain how money is used in exchange for goods and services.

  • Simple Saving Concepts: Introduce the idea of saving money in a piggy bank for something they want in the future.

  • Basic Earning Ideas: Discuss how people work and provide value to their community to earn money.

Play-based Learning

Children learn best when they are actively engaged and having fun. Here are some ways to incorporate play into financial learning:

  • Playing Store: Set up a mini-store at home where kids can 'buy' and 'sell' items using play money. This helps them understand the concept of transactions.

  • Lemonade Stand: Encourage setting up a lemonade stand. It’s a classic way for kids to learn about earning money, pricing, cost, and profit.

  • Board Games: Use board games like 'Monopoly Junior' to teach about earning, spending, and saving in an enjoyable setting.

Everyday Learning Opportunities

Everyday moments offer valuable opportunities to teach kids about money:

  • Counting Coins: Turn coin counting into a game. It's a fun way to start understanding money value.

  • Grocery Shopping: Involve kids in grocery shopping. Discussing prices and comparing items can teach them about budgeting and decision-making.

  • Needs vs. Wants: When they ask for toys or treats, use these moments to discuss the difference between needs and wants.

  • Savings Jar: Have a savings jar for a family goal. It can be a visual and tangible way for kids to see how saving money over time can help reach a goal.

By starting with the basics and using age-appropriate, play-based learning, and everyday experiences, you’re not only teaching children about money – you’re setting them up for a lifetime of financial literacy and responsibility.

apps for teaching elementary kids money

Interactive and Engaging Learning Tools

Technology and Games

In today's tech-driven world, using technology and games can significantly enhance the teaching of financial literacy for elementary schoolers. These interactive tools not only make learning fun but also ensure that the content is engaging and easily relatable for young minds.

Finance-related Apps

Apps specifically designed for teaching money management can be incredibly effective. They often use interactive games and challenges to teach key financial concepts. Here are a few ways apps can be used:

  • Budgeting and Saving Games: Look for apps that simulate budgeting scenarios or saving for a goal.

  • Interactive Challenges: Apps that include missions or challenges related to earning and saving money can be particularly engaging.

  • Real-life Simulations: Some apps offer simulations of real-life financial situations, like running a business or managing a budget, tailored for a younger audience.

Educational Board Games

Board games are a time-tested method to teach while having fun, and many are designed with financial literacy in mind:

  • Monopoly Junior: This game simplifies the classic Monopoly, teaching basic money management and property buying concepts.

  • The Game of Life: It introduces kids to different financial milestones, like careers, loans, and insurance.

  • Pay Day: This game focuses on budgeting and managing unexpected expenses, offering lessons on financial preparedness and planning.


Using stories and books that include financial lessons can be a subtle yet effective teaching tool. Here’s how storytelling can play a role:

  • Moral-based Stories: Choose books that have morals related to money, such as the value of saving or the consequences of overspending.

  • Real-life Success Stories: Share stories of successful entrepreneurs or individuals who made wise financial decisions from a young age.

  • Interactive Storytelling: Engage kids by asking them what they would do in various financial scenarios presented in the story.

Incorporating these interactive and engaging tools into financial education makes learning about money management an enjoyable and memorable experience for elementary schoolers. By using technology, games, and storytelling, you can provide a rich learning environment that prepares them for real-world financial decisions in a way that resonates with their interests and understanding.

family teaching finance to their elementary age kids

Real-Life Financial Experiences

Learning by Doing

The most enduring lessons often come from real-life experiences. For young learners, being actively involved in financial activities not only teaches them about money but also imparts valuable life skills. Here are some practical ways to involve children in everyday financial decisions:

Family Budgeting

Involving children in family budgeting is a powerful way to teach them about the value of money and basic money management. It's about turning abstract concepts into tangible learning experiences.

  • Interactive Budgeting: Let them help with planning the family budget. Use simple terms to explain income, expenses, and savings.

  • Goal Setting: Involve them in setting financial goals, like saving for a family vacation. This teaches them about planning and saving for future needs.

  • Track Spending: Show them how to track spending and discuss ways to cut costs, turning it into a fun challenge to find savings.

Earning Income (Allowances)

Earning Income (or allowances) can be a great tool to teach children about earning money and financial responsibility.

  • Chore-Based Income: Tie their allowance to chores around the house. This teaches them the concept of working for money.

  • Saving and Spending Income: Encourage them to divide their earnings into spending, saving, and maybe even giving. This helps them understand budget allocation.  You can match them for certain things like saving.  Just think that you’re their employer and you’re giving a 401k match!

  • Financial Responsibility: Teach them to manage their allowance, making decisions about what they want to buy and helping them understand the consequences of their spending choices.

Grocery Shopping

Grocery shopping is an everyday activity that can be a perfect opportunity for financial education.

  • Price Comparison: Teach them how to compare prices and look for deals. This introduces them to the concept of value for money.

  • Budgeting for Groceries: Involve them in making a grocery list within a budget. This can be a practical lesson in planning and staying within financial limits.

  • Understanding Needs vs. Wants: Use this opportunity to discuss the difference between essential and non-essential items, reinforcing the concept of needs versus wants.

Through these real-life experiences, children can gain a practical understanding of financial concepts, making them more likely to develop responsible money habits. These activities provide a hands-on approach to financial literacy for elementary schoolers, making the lessons learned more impactful and lasting.

showing savings that can be taught to elementary school students

Creative Savings Challenges

Making Saving Exciting

Saving money is a critical financial skill, but it can be a challenging concept for kids to understand and practice. To make saving more appealing and fun, try turning it into a game or challenge. This approach not only teaches the value of saving but also makes the process enjoyable and rewarding for young learners.

Set Savings Goals

Encouraging children to set savings goals can be a highly effective way to teach them about delayed gratification and goal setting. Here's how to make it work:

  • Specific Goals: Help your child pick something they really want to save for, whether it’s a toy, a book, or an activity. This gives them a clear objective.

  • Progress Tracking: Use a chart or a visual tracker to mark their progress toward the goal. This provides a visual representation of their efforts and the rewards that come with patience and persistence.

  • Celebrating Milestones: Celebrate small milestones along the way to keep them motivated. It could be a small treat or praise when they reach halfway to their goal.

Visual Tools

Visual aids can make the concept of saving more concrete and understandable for children.

  • Piggy Banks: A classic piggy bank is a great visual tool. Watching their money accumulate over time can be exciting for kids.

  • Savings Charts: Create a savings chart that they can fill in as they save money. This can be as simple as a thermometer drawing that gets colored in, or a chart with stickers.

  • Digital Tools: For tech-savvy kids, consider using a digital savings tracker where they can see their progress in a fun, interactive way.

Matching Savings

Introducing the concept of 'matching savings' can be a powerful incentive for kids to save more.

  • Matching Concept: Offer to match a portion of their savings. For example, for every dollar they save, you could contribute a certain amount. This not only boosts their savings but also teaches them about investment and growing their money.

  • Encouraging Regular Saving: Set up a regular saving schedule, like adding to their savings every week, and match it consistently. This teaches them the habit of regular saving.

  • Understanding Interest: Explain that your matching contribution is like earning interest, helping them understand how savings can grow over time in a bank.

By making saving a fun and interactive process, children can learn the importance of setting aside money for their future needs and wants. These creative savings challenges can instill a sense of accomplishment and responsibility in young learners, providing a strong foundation for their future financial habits.

elementary aged students selling lemonade

Entrepreneurial Ventures for Kids

Learning Through Business

Introducing entrepreneurial concepts to children is a fantastic way to teach financial literacy in an engaging and hands-on manner. It’s not just about making money; it's about understanding the value of hard work, creativity, and smart decision-making. Entrepreneurial projects can teach kids about earning, investing, and the basics of running a business.

Small Projects

Start with small, manageable projects that are age-appropriate and exciting for kids. These projects can provide practical lessons in entrepreneurship:

  • Bake Sales or Lemonade Stands: Classic examples like bake sales or lemonade stands teach kids about cost, pricing, sales, and profit. They also learn customer service skills and basic marketing.

  • Crafting and Selling: Encourage them to create and sell simple crafts. This can be a lesson in product development, cost of materials, and valuing their own work.

  • Gardening: If they have a green thumb, growing and selling plants or produce can teach them about the cost of supplies, caring for a product, and understanding the market.

Understanding Investment

Teaching children about investment through these activities can be incredibly beneficial:

  • Time and Resources: Explain how investing time and resources, like buying supplies for their project, can lead to earning money.

  • Reinvesting Profits: Discuss the importance of reinvesting some of their earnings back into the business, helping them understand the concept of growing a business.

  • Risk and Reward: Talk about the risks and potential rewards involved in any business venture, teaching them to make calculated decisions.

Inspiring Stories

Sharing success stories of young entrepreneurs can be hugely inspiring for kids. It shows them what’s possible and motivates them to pursue their own ideas:

  • Real-Life Examples: Share stories of kids who have successfully run small businesses. Highlight what they did, the challenges they faced, and how they overcame them.

  • Lessons Learned: Discuss the lessons these young entrepreneurs learned, emphasizing perseverance, creativity, and financial savvy.

  • Role Models: Identify role models in the world of entrepreneurship that children can look up to. It could be famous entrepreneurs or local business owners who started young.

Incorporating entrepreneurial ventures into financial education can be a powerful way to teach children about money. It helps them develop a sense of responsibility, understand the value of money, and learn practical skills that can be applied in various aspects of life. These ventures can be fun, empowering, and highly educational, fostering a proactive attitude towards financial literacy for elementary schoolers.

elementary school kids giving to charity

Educating Through Charitable Activities

Teaching Empathy and Social Responsibility

Integrating charitable activities into financial education for children is not just about teaching them to manage money; it's also about instilling values of empathy, kindness, and social responsibility. By involving kids in charitable acts, you help them understand the broader impact of their financial decisions and the importance of helping others. This can be a profound and eye-opening experience for young learners.

Donating Old Toys or Savings

Encouraging children to donate teaches them about generosity and the value of sharing resources with those who are less fortunate. Here's how you can approach this:

  • Toy Donation: Have your child go through their toys and select items they no longer use or need. Explain how these toys could bring joy to other children.

  • Savings for Charity: Encourage them to set aside a small portion of their savings for charity. This can be a powerful lesson in prioritizing giving as part of their financial planning.

  • Choosing a Cause: Let them choose a charity or cause they feel passionate about. This personal connection makes the act of giving more meaningful.

Understanding the Impact

Discussing the impact of their donations is crucial in helping kids understand the significance of their actions.

  • The Difference They Make: Talk about how their contributions, whether toys or money, can make a real difference in someone’s life. Share stories or examples to illustrate this impact.

  • Broader Financial Decisions: Use this opportunity to discuss how all financial decisions, big or small, can have broader implications. This can be a stepping stone to discussing concepts like ethical spending and responsible consumerism.

  • Gratitude and Awareness: Encouraging charitable giving also fosters a sense of gratitude and awareness about their own circumstances, helping them appreciate what they have.

By educating children about charity through their own actions and decisions, you are not only teaching them a vital aspect of financial literacy but also guiding them towards becoming compassionate, socially responsible individuals. This holistic approach to financial education ensures that they grow up understanding the importance of both managing money wisely and using it to make a positive difference in the world.


Incorporating these creative methods can make the journey of teaching financial literacy to your young ones both fun and impactful. Remember, the goal is not just to teach them about money, but to instill lifelong habits that will help them navigate the financial world with confidence and responsibility. As you embark on this journey, remember to adapt these methods to suit your child's interests and age. And don’t forget to share your experiences and any creative ideas you have discovered along the way!


Interested in Free Lesson Plans?

Visit our site and become a member! When you do, you'll get access to our member only section, including free downloads of Lesson Plans and Presentation slides to use when teaching personal finance to your children!

Interested in Our Books and Services? Click the link below to visit our store!

Become an Affiliate Seller!

Interested in Joining our team as an Affiliate Sales member? We offer a competitive 10% flat-rate commission on all sales!

Note: As an Amazon Associate I earn from qualifying purchases. These commissions are small and do not influence the content that appears in this blog.


bottom of page