Best Books on Financial Literacy for Kids and Teens

Teaching your kid about money matters, such as investing, budgeting skills, and financial discipline will go a long way in setting them up for the future. Teaching your young kids can be challenging, calling for you to bring all the necessary tools out of your arsenal for a smooth financial education session.

Books are among the most reliable educational tools for teaching your child about money, as they are easy to use and readily available. The following are some of the best books on financial literacy for kids and teens that will make your money lessons a walk in the park.

1. The Berenstain Bears’ Trouble with Money˗ Stan and Jan Berenstain

A classic children’s book about finances, many adults grew up on it and it was their orientation to money matters. The Berenstain Bear’s Trouble with Money is the work of the husband˗wife duo of Stan and Jan Berenstain and is among the books in the Berenstain Bear series.

The book teaches young ones the importance of financial responsibility, saving, and how to make money. 

2. Count on Pablo˗ Barbara deRubertis

Count on Pablo is a best-selling children’s book by Barbara deRubertis that focuses on the titular character and his exploits at the market as he helps his grandma sell vegetables. You can use this book when teaching your 5˗8-year olds about money math and problem-solving.

So far, the book, first published in 1999, has sold over 15 million copies and has been the recipient of several awards, hinting at its excellence. At the back of the book are math and reading questions, which can help improve your kid’s comprehension skills.

3. If You Made a Million˗ David M. Schwartz

David M. SchwSchwartz'sk is perfect for kindergarten to elementary school˗going kids. It came out in 1989 and introduces your kids to Marvelosissimo, a mathematical magician, and his animal friends. It is a fun fantasy book that tackles money units, how people earn money, and how to make money.

The book’s simple language and vibrant illustrations make it a darling for many kids who used and still use it to learn about money and math.

4. Rich Dad Poor Dad for Teens: The Secrets About Money That You Don’t Learn in School˗ Robert Kiyosaki

If you have a teenager or preteen, you might want to get them Robert Kiyosaki’s Rich Dad Poor Dad for Teens: The Secrets About Money That You Don’t Learn in School. The author is famous for his Rich Dad Poor Dad series, of which this book lies. 

It is a nonfictional self-help publication that came out in 2004 and it shares crucial financial tidbits through Kiyosaki’s personal experiences. The book will help your young ones learn about the language of money and how to have money working for them, instead of the other way around.

5. The Teen Money Manual: A Guide to Cash, Credit, Spending, Saving, Work, Wealth and More- Kara McGuire

The long title of the book not discourage you from getting for your teenage children, as it packs valuable information. From the title, you get a hint of what it covers, and most of them are crucial learning points for our kids as they seek monetary literacy.

This guidebook provides up-to-date tips regarding making money, spending, saving, investing, and protecting it. It focuses on concepts like discipline and responsibility, which are key pillars of financial independence. 

While its target audience is teenagers and young adults, you may also benefit from it as an adult, where it educates you on money matters that you may have missed when you were young.

6. The Richest Man in Babylon- George S. Clason

Finalizing our list of the best books on financial literacy for kids and teens is the famous, Richest Man in Babylon, by George S. Clason. Regarded as a classic financial literature piece, the book came out almost a century ago in 1926, and continues to be quoted by many investment gurus.

The Richest Man in Babylon shares money advice through a set of parables set more than 4000 years before the book's publishing. It is an excellent gift for your teen child or young adult who is interested in investing and being good at it. 

Conclusion

Highlighted are among the best books on financial literacy for kids and teens that will help them understand and appreciate money. Get a book that your kid can easily comprehend, depending on their age for a fruitful learning session.