Budgeting Financial Planning Relationships & Money Teaching Kids & Teens About Money The ABCs of Money: A Kid-Friendly Guide to Financial Basics Key Terms To Teach Your Kids or Students By Jess Feldman Updated on June 12, 2022 Reviewed by Ebony J. Howard Reviewed by Ebony J. Howard Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. learn about our financial review board Photo: The Balance / Aeri Wittenbourgh Do you remember the first time you were introduced to the concept of money? For most, it happens at a young age through socialization—think overheard conversations between parents in the home, video game interactions, or watching a caregiver receive their pay. But actually teaching financial topics is what can really set kids up for success. Research indicates that starting financial education at a young age helps people develop better money management habits as adults. While a record number of parents reported having conversations about money with their kids once a week or more (47%) in 2021—partially in response to financial distress from the COVID-19 pandemic—starting those conversations may be challenging. For example, 82% of parents cited “fear” as a barrier to talking to their kids about finances, according to a 2019 survey by credit union BECU. To help kids become financially literate, basic money-related terms can be the bridge they need to cross to fully understand key concepts, and The Balance is here to help build that bridge. Download and Print Out The ABCs of Money for Kids Flashcards Just as the alphabet is used to teach kids the 26 letters of the English language that are part of their day-to-day routine, this series will guide parents, teachers, or any other adults to teaching key money terms to kids around 8- to 12-years-old. We’ve covered everything from credit scores, equity, and volatility to zombie debt—all while keeping kids engaged with relatable examples and colorful imagery: The ABCs of Money for Kids: A Through E The ABCs of Money for Kids: F Through J The ABCs of Money for Kids: K Through O The ABCs of Money for Kids: P Through T The ABCs of Money for Kids: U Through Z To keep the learning and conversation going, all 26 terms can be downloaded, printed out, and used as flashcards. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. PR Newswire. “T. Rowe Price: Pandemic's Impact To Financial Well-Being Compels More Parents Than Ever To Have Money Conversations With Their Kids.” BECU. “BECU Finance and Parents Survey,” Page 7.