Need help teaching economics to your children? Check out this new set of free resources from the Federal Reserve Bank of St. Louis. It includes a series of questions and answers to go along with well-known books aimed at kids ages 3 to 10. The result is an easy and fun way to learn about saving, spending, personal finance and more.
“The approach is twofold: parents have a tool to broach a difficult topic, and children get to enjoy reading with their parents,” said Mary Suiter, assistant vice president and economic education officer at the St. Louis Fed.
Parent Q&As for 10 children’s books are posted on the bank’s website.
Book titles include:
- “Alexander, Who Used to Be Rich Last Sunday” by Judith Viorst
- “Because of Winn-Dixie” by Kate DiCamillo
- “Bunny Money” by Rosemary Wells
- “Isabel’s Car Wash” by Sheila Bair
- “Just Saving Money” by Mercer Mayer
- “Little Nino’s Pizzeria” by Karen Barbour
- “One Hen: How One Small Loan Made a Big Difference” by Katie Smith Milway
- “Sheep in a Shop” by Nancy Shaw
- “The Berenstain Bears’ Mad, Mad, Mad Toy Craze” by Stan and Jan Berenstain
Q&As to accompany nine more books will be released this spring.
Econ Lowdown offers free pre-K to college classroom lessons about economics, personal finance, money and banking, as well as about the Federal Reserve itself. Similar free resources are available for parents and the public at large.
