These are complex times, and financial worries are at the front door for many of us. It’s situations like these that highlight the significance of financial health. That’s why there’s never been a better time to teach your kids about financial basics.
Earlier this year, we rolled out our first set of financial literacy lessons for kids that taught the fundamentals of saving, assessing needs vs. wants, and the cost of buying things on credit. Now, we’re proud to announce that, in continued collaboration with TD Ameritrade, we’ve created another set of activities that takes these basics even further.
Geared toward children ages 9 to 15, these activities are designed to ensure kids have an early and fundamental understanding of real-world finances so they can use those principles to make positive and informed decisions. Our goal is to empower the next generation with the tools they need to make smart financial decisions throughout their lives, so they can manage their money confidently and proactively – through good times and bad.
The next three activities we’ve launched are:
- Banking Your Money: Through simple calculations and some online research, students learn what interest is, how to calculate it, and the importance of saving your money starting at a young age.
- Evaluating Investment Alternatives: Advancing beyond the basic savings accounts, students learn about different types of investment options like education savings accounts, Individual Retirement Accounts (IRAs), and brokerage accounts, and the risks and withdrawal stipulations associated with them.
- My Work, My Future: It’s one thing to have a dream. But getting where you want to go in life takes hard work and planning. In this activity, students think about their dream jobs, and the steps along the way – and the financial considerations – it will take to get there.
These financial education activities live alongside other fun, educational activities in 4‑H at Home, our hub for at-home, hands-on activities to help kids develop critical skills to be successful in life. These are fun activities, and perfect for right now, when you’re looking for creative ways to keep your kids learning and entertained.
We’re proud to collaborate with TD Ameritrade to bring these fun educational activities to families across the country.
Tell us what you think, and what you’d like to see more of, by reaching out to us on social media.
Please keep in mind TD Ameritrade® commentary is for educational purposes only. Member SIPC. All investing involves risks, including risk of loss.