10 best tools for teaching kids about finances

By BenefitsPro


By Andy Stonehouse

With a new school year just around the corner for American kids (and teachers), those educators hoping to instill some basic financial skills and knowledge in a new generation can find some good resources for the year ahead.

The Alliance for Investor Education, a nonprofit consortium of many of the country's most prominent regulatory and industry organizations in the financial education world, has built a new website specifically aimed at cultivating tools for educators and the general public.

As a starting point, the Alliance has selected 10 of the best ideas for younger learners, pooled together as Investing and Finance for Kids:

1. How to Make Personal Finance "Connect" With Young Adults - http://bit.ly/R0BHPw, American Association of Individual Investors.

2. Generation Money - http://bit.ly/Ov1EWA, FINRA Investor Education Foundation, Channel One News, and the Consumer Federation of America.

3. Live “Stock” Adventure - http://bit.ly/OEcwQp, North American Securities Administrators Association.

4. High School Financial Planning Program - http://bit.ly/NEuOTl, National Endowment for Financial Education.

5. Saving and Investing for Students - http://bit.ly/MuMnku, U.S. Securities and Exchange Commission.

6. Kids & Money – Preschoolers through Teenagers - http://bit.ly/Q89iFc, Employee Benefit Research Institute.

7. Stock Market Game - http://bit.ly/Q89sfU, SIFMA Foundation.

8. Teach Investing - http://bit.ly/N7sLlI, Investor Protection Trust.

9. Teaching Your Teen About Money - http://bit.ly/LZnel4, 360 Degrees of Financial Literacy/American Institute of Certified Public Accountants.

10. Federal Reserve Kids Page - http://bit.ly/MW0DoQ, Federal Reserve Board.

Sue Duncan, AIE president and, during the day, vice president of the Investment Company Institute Education Foundation, said the organization hopes the resources can be used to help young people learn some foundations of the financial realities and responsibilities of the adult world.

"Educators are a key source for sharing that knowledge with kids starting at an early age and as they grow," she said, in a release. "The AIE wants to make sure all teachers have access to the best tools for showing children the importance of saving and investing their money so they are best able to meet their financial goals as they grow.”

As an additional benefit, the ICIEF is also providing grants of up to $25,000 each for teachers in the greater Metro D.C. area to launch or expand their investment education classes, programs or activities at their schools.

Originally published on BenefitsPro.com