The Best Children’s Books About How To Manage Their Money

Set the right values about money early, so they grow up to have good financial foundations.

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Teach your children about money and financial responsibility in a fun and interactive way and raise money-smart kids who’ll understand the value of money from a young age. Children’s books about money are a great way to do that – and we’re here to show you how.

In this progressively digital world we live in, where credit cards, online banking, and online shopping are only increasing in popularity, the concept of money may be somewhat hard for kids to comprehend. Of course, parents are already trying to teach their kids about healthy eating, the importance of physical activity, and while that’s all well and good, there are many other important life skills to be learned – and financial education is one of them. But money is a complex topic for young children, right?

So what if we tell you that it doesn’t have to be? Indeed, teaching your kids about money can be done in a fun and comprehensive way with the help of some fun and engaging children’s books about money – and we’re here to introduce you to the best ones out there! Before we begin, let’s say a few words on why learning about money from a very young age can be valuable and beneficial to your child later on in life when it comes to financial responsibility.

Why Is It Important to Teach Kids About Money From a Young Age?

We all want to see our children becoming financially secure adults and leading successful lives. In order to increase the chances of this happening, they need to learn the value of money from a young age so they make good financial decisions later on in life.

Firstly, teaching kids about money, especially saving money, makes them aware of other important skills like being patient and having self-control. These life skills develop in early and late childhood, so learning how to be patient and have self-control while learning about money during these years can have incredibly positive effects and many benefits in adulthood.

Secondly, depending on the story, children’s books about money can teach them a great deal about how to set goals and accomplish them. For example, they will be able to understand the necessary steps they need to take so they can buy their favorite toy – like how much money they should save each week, what chores to do to earn an extra buck, how much time it’ll take, and more.

Lastly, they’ll not only learn about what it means to be responsible when it comes to money, but they will acquire a number of soft skills as well. Kids that have some financial knowledge from early on can grow up to be responsible adults without the stress and anxiety most adults face today in regards to money.

Since there are no lessons about money and financial responsibility is primary schools and since many parents don’t really teach their kids money management until they are old enough to start working, books about money with fun stories and interesting illustrations are here to help! Let’s introduce you to the best ones.

Walk-It Willow (Editor’s Choice)

Walk-It Willow is one of the amazing children’s storybooks that can be found at Clever Tykes, and this one is designed to teach kids the importance of organisation and being enterprising, in a really fun way. Through Willow’s endeavors, the books addresses money and money management in a fun way. It’s our favorite one so far and it’s one of the best children’s books about money that can be found online.

Walk-It Willow is a story about Willow, a young girl who loves her dog Stomp. She enjoys walking him every day and realizes that she can turn this activity (and her love for dogs in general) into a great business – her own dog-walking service. Along the way she faces challenges and comes to important realizations: the importance of hard work, money management, organization, problem-solving, communication, and of course, the rewards that come when you work hard to make your goal happen.

What mistakes will Willow make? How will she make them right? What will happen to her beloved canine Stomp?

Your child will learn all of this and more by reading this fun and engaging storybook. The story is amusing, exciting, and easy to comprehend; the detailed and fun illustrations are top-notch, and the message important and on-point. All of this combined makes it our favorite book to recommend. We guarantee that both you and your kid(s) will love it!

The Berenstain Bears’ Trouble with Money

With its 300 books and 260 million copies sold, the Berenstain Bears books are very famous and popular with kids, and this book is no exception. Kids enjoy learning from those bears and in this story specifically, they’ll learn about the importance of being responsible when it comes to money.

In Trouble with Money, both Mama and Papa bear want to explain to their kids that money doesn’t grow on trees. Afterwards, the young siblings will try to make money by starting a couple of “businesses” like opening a lemonade stand, starting their own walking service, and so on. A truly great story about earning and saving – and it comes with 50+ stickers too!

Bunny Money (Max and Ruby)

Bunny Money is an adorable story about two bunnies who want to spend their savings on a gift for their grandma’s birthday.  However, as time passes by, their savings start to decrease as Max and Ruby spend it little by little while searching for a present. Will they manage to keep enough of their savings in order to buy a gift for their grandmother?

This children’s book is a fun tale and it’s one of the 40 books featuring bunnies Max and Ruby written by Rosemary Wells. The story is heavily illustrated and fun to read – your kids will be so entertained that they won’t notice they’re learning about money management along the way!

You Can’t Buy a Dinosaur with a Dime

In this book, the main character is a boy named Pete who has the habit of saving some of the money he gets from his allowance. However, sometimes he spends too much of the savings too fast. That being said, once he realizes this he thinks things over and starts to save his allowance once more while strategizing how to spend it in the future.

This children’s book about money is recommended for kids who are from 5 to 8 years old. The author of the book, Harriet Ziefert, has more than 200 books that are intended for children. This one is perfect if you want to implant the idea of savings in your kid’s mind from early on. If your kid already puts some money aside this book will make him or her think about how and when to spend it.

One Cent, Two Cents, Old Cent, New Cent: All About Money

As the title says, this book is all about money. In an interesting way, of course, your child will get acquainted with various types of currency and objects used for trading that were used long ago. The story is about the history of money and mentions different forms of currency used in different cultures, some of them being shells, leather, coins, and so on.

One Cent, Two Cents, Old Cent, New Cent with its great rhymes also explains how in the bygone eras of the world, certain temples were used as banks, and then it fast-forwards to modern banks and explains the basic concepts related to paying and gaining interest – in an engaging and interesting way, of course.

Lily Learns About Wants and Needs

This is another great illustrated book designed to teach kids about money. In this storybook, the main protagonist Lily goes shopping with her father. While at the shop, she learns all about the wants and needs of consumers, as the title suggests.

This very cute story is recommended for kids between 5 and 8 years old. It’s a guide of sorts that’ll help them understand how the market works and why exactly is money important, but it’s so interesting your kids will barely notice they’re learning. The illustrations are engaging, so it makes it easy for the parent to spark a discussion once reading time is over.

Little Critter: Just Saving My Money

In Little Critter: Just Saving My Money, the author tells a story about a child who wants to buy a skateboard, only for his father to explain to him that he needs to earn and save money first in order to buy something later.

Little Critter takes that lesson to heart and starts working different jobs and doing various chores to make his goal happen – like feeding the dog or selling lemonades. While he works hard to earn money, the Little Critter starts to understand the value of money and money management. This is a great book if you want to teach your child more about entrepreneurship as well as earnings and savings.

Written by Heyz

Heyz is an amazing writer who pops in time to time to contribute to our amazing blog. Loves writing about guides and products for new mothers.

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