Recommended Website: Kid's Bankhttp://www.kidsbank.com
Age Range: 5 and up
ClickScholar Jennifer Bolton, who homeschools her two special needs sons,
recommended this website and co-wrote the review. (Read Jennifer's bio
KidsBank.com is a website sponsored by Sovereign Bank that explains money
and banking to children with the goal of helping them learn to spend and
save their money wisely. Concepts such as simple and compound interest,
checking, and electronic banking are described in an appealing way for young
children, and older children will enjoy the clickable "Professor" who
provides more detailed explanations.
When you get to the site select the Java or Non-Java version. The website
has everything laid out in the form of an interactive tutorial in story-book
format that is guided by animated characters as follows:
*Penny teaches where money comes from and how it's made.
*Dollar Bill helps kids understand why it's important to save money, and
what the bank does with your money.
*Interest Ray demystifies simple and compound interest.
*Checks the puppy explains how checking accounts work.
*Mr. EFT reveals how "Electronic Funds Transfer" moves money around the
world. (I loved Mr. EFT because I finally understand electronic funds -
proving this site has something that appeals to all ages!)
You can follow the story of money in the order designated - or, for greater
flexibility, just select the topic that interests you.
There are free downloadable images, and a game room where you can take
quizzes on the information gathered in the stories. Special interactive
calculators help kids learn about saving for holiday purchases, and a Car
Calculator helps your child plan a savings strategy to purchase a car while
learning how time, contributions, and interest rates impact their savings.
The "Links" page offers a directory of websites with more information about
money, as well as sciences pages, online books, and other sites of interest
to kids. Check it out!
Jennifer Bolton and
Diane Flynn Keith
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