Help Your Child Develop Financial Literacy

As part of Illinois PTA’s continuing effort to implement the Resolution on Financial Literacy passed at the 2017 Illinois PTA Convention, we have been providing local units and councils with information to share with their families on the topic. A new financial literacy resource, Better Money Habits, has been created through a partnership of Bank of America and Khan Academy.

The Better Money Habits website offers families a variety of topics specifically concerning children and money. Among the topics are:

  • Top questions kids ask about money (and how to answer)
  • How teens manage their money: What parents need to know
  • How to establish money rules for your child at any age
  • Teachable money moments for your child

The partnership with Khan Academy includes a collection of videos focused on careers that ask young adults in those jobs how they are handling their personal and professional financial responsibilities. The videos provide insight into what their job duties are and what their typical day is like. Careers highlighted in the videos include:

  • Salon Owner
  • Firefighter
  • Architectural Designer
  • Commercial Pilot
  • Education Resource Specialist
  • Senior Product Manager

Check out the Better Money Habits section on children and money, the Khan Academy videos, and the Better Money Habits website as a whole to help your child improve their financial literacy and prepare for a life after high school graduation.

Photo © 2003 by Jacob Edward under Creative Commons license.