Financial Literacy for Kids
VentureLab |
August 31, 2020
Master the Mindsets of Success
If you’ve been following our entrepreneurship workbook series, you’ve already begun practicing the essential mindsets of a creator. To truly thrive as a young entrepreneur, the next step is mastering financial literacy.
What is Financial Literacy?
Financial literacy means understanding exactly how money works—including how to earn it, save it, and use it to support yourself, your family, and your community.
For entrepreneurs, “money smarts” are the foundation of a sustainable business. You need to understand finance to:
- Scale Your Business: Fund growth and buy essential materials.
- Manage Capital: Understand how to take out loans while avoiding debt.
- Attract Investment: Prepare to present your ideas to future investors.
- Build a Team: Budget for hiring and professional advertising.
This Week’s Financial Literacy Activities
Engage with these hands-on exercises designed to make money management fun and intuitive.
🪙 Activity 1: Coin Rubbings (Observation Skills)
Take a closer look at the currency we use every day. This activity encourages attention to detail and an appreciation for the history of money.
💵 Activity 2: New Bill Design (Creative Innovation)
If you were in charge of the mint, what would our currency look like? Redesign the dollar bill to reflect your own values and vision.
🍋 Activity 3: Follow the Money (The Business Cycle)
Trace the cycle of money through the lens of a classic lemonade stand business model. Learn how revenue flows from customers back into your business.
📝 Activity 4: Gratitude & Giving (The “Thank You” Note)
Philanthropy is a key part of entrepreneurship. Practice gratitude by writing a thank-you note to someone who has supported your journey or provided a gift in the past.
💼 Activity 5: Career Exploration (How People Earn)
Explore the diverse ways people earn a living. From creative arts to technical trades, discover the different paths to financial independence.
And lots more! Download below:
