Many educators and financial experts believe children should learn money management early on. Most children learn how to count and spend money before they can add or subtract, and an article on MSN Money shared that money habits are typically formed by age 7.

Many educators and financial experts believe children should learn money management early on. Most children learn how to count and spend money before they can add or subtract, and an article on MSN Money shared that money habits are typically formed by age 7.

Why Teach Financial Education?

According to the infographic, The Value of Financial Literacy, 20 percent of Americans live beyond their means and half of Americans do not maintain a budget. Research also suggests a positive relationship between financial education and higher savings and net worth as an adult. Afterschool programs are a great place to explore concepts such as entrepreneurship and investment through hands-on enrichment activities.

8 Resources to Teach Healthy Money Habits:

Teaching financial literacy to kids may seem like a daunting task, but fortunately there are tons of great resources, lessons and activities to foster healthy money habits in children: