Financial Literacy For Teens - Bibliography

Selected Financial Literacy Websites, Articles & Books

Below lies a small offering of websites where you can obtain free (or almost free pamphlets), curriculum
guides and brochures as handouts for your programs.

National Organizations
www.jumpstart.org Jumpstart Coalition
www.ja.org Junior Achievement—Teach Free Enterprise to Kids
www.nefe.org National Endowment for Financial Education
www.ftc.gov Federal Trade Commission—Consumer Protection
www.ncce.net National Council on Economic Education


National Grantors
www.jpmorgan.com J.P. Morgan Chase Foundation
www.ffliteracy.com The Foundation for Financial Literacy
www.emkf.org Ewing Marion Kauffman Foundation
www.citigroup.com Citigroup Foundation

....of course there are many more but feel free to seek other grantors through the Foundation Center’s Online
Directory!


Inspirational Reading Material

Bamford, Janet. Streetwise: A Guide for Teen Investors. (2000)

Bijlefeld, Marjolijn and Sharon Zoumbaris. Teen Guide to Personal Financial Management. (2000)

Draut. Tamara. Strapped: Why America’s 20 and 30 Somethings Can’t Get Ahead. (2006)

Godfrey, Neal & Caroline Edwards. Money Doesn't Grow On Trees: A Parent's Guide to Raising Financially
Responsible Children. (2006)

Kiyosaki, Robert and Sharon Lechter. Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money—
That The Poor and Middle Class Do Not! (2000)

Jones, Patrick. New Directions for Library Services to Young Adults. (2002)

Mundrake, George and Betty Brown. “A Case for Personal Financial Education.” Business Education Forum.
15:1 (2002): 22-25.

Morris, Kenneth and Virginia. Wall Street Journal Guide to Understanding Money & Investing. (1999)

Owen, David. The First National Bank of Dad: The Best Way to Teach Kids about Money. (2003)

Jonathan, Jack. Yes You Can: Raise Home Grown Financially Aware Kids. (2002)

Talan, Carole. Founding & Funding Family Literacy Programs: A How-to-Do-It Manual. (1999)

Vaillancourt, Renee J. Managing Young Adult Services. (2002)
Articles of Interest


“Are Credit Cards For Teens a Good Idea?” NewsNet5. 2002. 8 January 2003.
http://www.newsnet5.com/yourmoney/troubleshooter/yourmoney-troubleshooter

Asinof, Lynn. “A Crash Course in Setting A Budget: A Young Professional Learns How to Stop Living from
Paycheck to Paycheck. Boston Globe. 11 December 2005

Brown, Carolyn M. “Teaching Financial Literacy. Africana.com Education
http://www.africana.com/Column/bl_ways_43.thm 8 January 2003.

Cook, Stephanie. “Teen Investors Lured by a ‘Game that Can Pay”. Christian Science Monitor. 26 February
2001.

Johnson-Elie, Tannette. “Club teaches girls value of money” Milwakuee Journal Sentinel. 6 May 2002.

Pressler, Margaret Webb. "Kids Get Money-Smart". Washington Post, 15 April 2007.

Reeves, Scott. “Kids Say 'Charge It!'; Granny Says 'Make Do'". Forbes. 26 October 2005

Rosen, Steve. “Kids’ Corner: Parents’ Efforts Can Go Far in Ending Financial Literacy.” Kansas City Star. 3
February 2002

Rosen, Steve. “Teens Who Earn Money May Need to File Tax Returns.” Kansas City Star.18 March 2002.

Silver-Greenberg, Jessica. "The Dirty Secret of Campus Credit Cards". Business Week. 6 September 2007.

Stefanova, Kristina. “High Schoolers, High Rollers”. Washington Times. 2 July 2001.

Tergessen, Anne. “No Kidding! Teens are Trading Big-Time. Business Week. 8 January 2003.

Todorova, Aleksandra. "Are We Better Off Today?". Smart Money, January 31, 2006

Webb, Dexter. “Why Teenagers Have an Entrepreneurial Edge.” Wall Street Journal.11 February 2003.

Children’s Fiction

Axelrod, May. Pigs Will Be Pigs: Fun with Math & Money. (1997)
Berenstain, Stan. Berenstain Bears’ Trouble with Money
Brown, Marc. Arthur’s Pet Business (1990)
Child, Lauren. Hubert Horatio Bartle Bobton-Trent. (2004)
Clements, Andrews. Lunch Money (2005)
Coleman, Evelyn. Riches of Osceola McCarty. (1998)
--------------------. Born in Sin. (2001)
Curtis, Christopher P. Mr. Chickee’s Funny Money. (2005)
-------------------------. Elijah of Buxton. (2007)
Davies, Jacqueline. Lemonade War (2007)
DePaola, Tommie. Erandi’s Braids (1999)
Friedman, Laura. In Business with Mallory (2006)
Flake, Sharon. Money Hungry. (2001)
----------------. Begging for Change. (2004)
Greene, Stephanie. Owen Foote, Money Man (2003)
Grey, Mini. The Adventures of the Dish and the Spoon. (2006)
Hayes, Joe. A Spoon for Every Bite. (1996)
Lasky, Kathryn. Vision of Beauty: The Story of Sarah Breedlove Walker. (2003)
Leedy, Karen. Follow the Money. (2003)
Merill, Jean and Jan Palmer. Toothpaste Millionaire. (1999)
Na, An. A Step from Heaven. (2003)
Paulsen, Gary. Lawn Boy. (2007)
Viorst, Judy. Alexander, Who Used to Be Rich Last Sunday. (1987)
Warner, Sally. This Isn’t About the Money. (2002)
Williams, Vera. A Chair for My Mother (1984)
Ziefert, Harriet. You Can’t Buy A Dinosaur with a Dime: Problem Solving in Dimes and Cents. (2003).


Young Adult Fiction (Grades 8 and up)

Alexie, Sherman. The Absolutely True Diary of a Part-Time Indian. (2007)
Cheva, Cherry. She’s So Money (2008)
Ecklisen, Eric. The Last Mall Rat. (2003)
Jasper, Kenji. Seeking Salamanca Mitchell. (2004)
Johnson, Angela. First Part Last. (2003)
Mazer, Anne. Working Days: Short Stories About Teenagers at Work. (1997)
Souljah, Sister. Coldest Winter Ever. (1999)
Westerfield, Scott. So Yesterday. (2004)
Von Siegesar, Ceily. Gossip Girl Series (2002- )

Home Video Recommendations
Danny Schechter (Director). “In Debt We Trust” Disinformation, 2006. DVD
James D. Scurlock (Director). “Maxed Out” Magnolia, 2007. DVD
PBS:Frontline. “Secret History of the Credit Card” (2004). DVD & VHS

Children’s Nonfiction

Adams, T.R. and Rob. How to Be a Teenage Millionaire. (2000).
Berg, Adriane and Arthur Berg Bochner. The New Totally Awesome Money Book for Kids. (2007)
Cribb, Joe and Laura Buller. Money (DK Eyewitness Books) (2005).
Drobot, Eve. Money, Money, Money: Where It Comes From, How to Save It, Spend It, and Make It. (2004)
Fuller, Donna Jo. The Stock Market (How Economics Works) (2005)
Gray, Farrah. Reallonaire: Nine Steps to Becoming Rich Inside and Out. (2004)
Graydon, Shari and Warren Clark. Made You Look: How Advertising Works and Why You Should Know.
(2003)
Karlitz, Gail. Growing Money: A Complete Investing Guide for Kids (2001)
Lewis, Barbara. A Kid’s Guide to Service Projects. (1995)
Linecker, Adelia. What Color is Your Piggy Bank: Entrepreneurial Ideas for Self-Starting Kids (2004)
Maestro, Betsey and Guilio. The Story of Money. (1993)
McGillian, Jaime K. The Kids’ Money Book: Earning*Saving *Spending*Investing*Donating (2004)
Reeves, Diane L and Gayle Bryan. Career Ideas for Kids Who Like Money. (2001)
Godfrey, Neale. Neale S. Godfrey’s Ultimate Kids Money Book. (1998)
Loewen, Nancy. Ups and Downs: A Book About the Stock Market. (2005) Money Matters Series
Marioti, Steve. Young Entrepreneur’s Guide to Starting and Running a Business. (2002)
Nguyen, Duy. Origami with Paper Bills: Another Way to Impress People With Your Money! (2005)
Rancic, Bill. Beyond the Lemonade Stand. (2006)
Smith, Pat and Lynn Roney. Wow the Dow!: The Complete Guide to Teaching Your Kids How to Invest in the
Stock Market (2000)


Young Adult Nonfiction (Grades 8 and up)

Covey, Stephen. Seven Habits of Highly Effective Teens. (1998)
Gardner, David & Tom. Motley Fool Investment Guide for Teens: 8 Steps to Having More Money than Your
Parents Ever Dreamed Of. (2002)
Graham, Stedman. Teens Can Make It Happen. (2000)
Johnson, Cameron. You Call The Shots: Succeed Your Way—And Live the Life You Want—with the 19
Essential Secrets to Entrepreneurship. (2007)
Kiyosaki, Robert and Sharon Lechter. Rich Dad, Poor Dad for Teens: The Secrets of Money—That You Don’t
Learn in School.(2004)
McGraw, Jay. Life Strategies for Teens. (2000)
Temko, Florence and V’Ann Cornelius. Money Folding. (1995)
Zeiler, Freddi. A Kid’s Guide to Giving. (2006)


This bibliography was created by Vickie Beene-Beavers for the MLA 2008 Annual Conference: Growing Communities 5/8/2008 and is published here with her permission.

-Sarah C.

Financial Literacy for Teen

Presenter: Vickie Beene-Beavers

Some Statistics (from 2004):
98% of teens reported spending rather than saving.
More than 1 in 5 youths (12-19) had their own credit card or access to one of their parents'.

Consumer Reports survey of 12 year olds:
28% didn't know that credit cards are a form of borrowing.
40% didn't know that banks charge interest
34% didn't know that you can't tell how good product is from by how much it's advertised.

Today's teen discretionary income:
US teens spent $155 billion in 2000 (mostly on clothing, cds and make up)
US teens spend $158 billion in 2005 and $168 billion in 2006

Children's spending has roughly doubled every ten years for the past 30 years, tripled in the 1990's.
Average adolescent spends $264 a month
Yearly spending increases from nearly $1500 at 12-13 to $4500 by ages 16 to17.
More young adults filed for bankruptcy than graduated from college in 2003.

* * *

In 2000 the SEC said that whole the problem used to be lac of information, now there is a glut of information. The problem being that people don't necessarily have the foundation in financial basics that allow them to use the information they have.

Advertising in teen magazines are for things that are typically very expensive (Coach, Yves St. Laurent, etc.) Not just for women- young men want to look good and will spend the money to do so and don't forget about the rims for their cars (which you can now get on layaway). Cell phones and new technology are the hippest new things that all young people want. - Young celebrities throw money around and they're the role models for our young people.

* * *

Basic Financial Literacy: Introduction to the knowledge and development of real-life skills for personal money-management.

Why should we be concerned:

• It's what we do, we provide information to the public to assist them in making informed choices.
• We can help support 21st Century Learning practices by offering students what they need to understand.
• Today's teens are future taxpayers and need a reason to support our institutions if local governmental budgets dwindle.

There have been a number of examples of teens becoming entrepreneurs who have been very successful. Many more young people have the ability to better themselves and other people's live, but need the support (from people like us) to succeed.
Why should we have Financial Literacy programming?

• To attract new library users and expose them to the value, role an resource of the public library.
• Opportunities for intergenerational programming and peer role-modeling
• Parents, teachers and librarians can discuss how important literacy is for future success.
• Community outreach, local industries and businesses will want to partner with the library.
• Still supporting our kids.
• This is our chance to support and introduce the Economic Standards for the State of Massachusetts.

2004 Harvard School of Ed study found that teens in entrepreneurship programs:
Increase in independent reading by 4%
Demonstrated a 32% increase in attending college
occupational aspirations rose by 44%

* * *

Actual Programming:

Vickie ran week-long programs introducing teens to the way finances work as well as the ways they could start a business. She had teen entrepreneurs and adult entrepreneurs come in and talked to teens. She mostly did advertising in newspapers.

Vickie put together an extensive presentation including many statistics and ideas that I'm sure she will be interested in sharing with you. Please email her at vbeenbeavers@semls.org for more information.

I will also be posting her bibliography as soon as I get it.

-Sarah C.