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Economics for Kids — Book 3

by Ryan Semerau

Ages 7–12EconomicsPersonal Finance

The third book in the Economics for Kids series. Covers personal finance essentials — budgets, bank accounts, paychecks, credit cards, loans, insurance, investing, and staying safe from scams. Practical money skills explained in plain language for young readers.

16 chapters · 76 lessons · first 6 free

IntroductionFree

1 · Money Choices at Home

1.1 · Budget ConstraintFree
1.2 · Goals and TimingFree
1.3 · Opportunity CostFree
1.4 · A simple budget plan that actually worksFree
Chapter 1 TestFree

2 · Cash Flow

2.1 · Cash Flow BasicsFree
2.2 · Bills🔒
2.3 · Subscriptions🔒
2.4 · Timing Traps🔒
Chapter 2 Test🔒

3 · Paychecks and Taxes

3.1 · Gross Pay🔒
3.2 · Withholding🔒
3.3 · Payroll Taxes🔒
3.4 · Filing Taxes🔒
Chapter 3 Test🔒

4 · Total Cost

4.1 · Sticker price vs total cost🔒
4.2 · Sales Tax🔒
4.3 · Property Taxes🔒
4.4 · Inflation🔒
Chapter 4 Test🔒

5 · Opening Accounts

5.1 · Accounts🔒
5.2 · Who Can Open Accounts🔒
5.3 · Choosing a Bank🔒
5.4 · Using Your Account🔒
Chapter 5 Test🔒

6 · Checking Accounts

6.1 · Checking Basics🔒
6.2 · Holds🔒
6.3 · Overdrafts🔒
6.4 · Avoiding Fees🔒
Chapter 6 Test🔒

7 · Debit Cards

7.1 · Debit cards vs cash🔒
7.2 · Pending Charges🔒
7.3 · Card Protection🔒
7.4 · Online Payments🔒
Chapter 7 Test🔒

8 · Saving Products

8.1 · Why Save🔒
8.2 · Savings Accounts🔒
8.3 · Money Markets🔒
8.4 · CDs🔒
Chapter 8 Test🔒

9 · Shopping Smart

9.1 · Sales Timing🔒
9.2 · Loyalty Programs🔒
9.3 · Membership Stores🔒
9.4 · Poverty Premium🔒
Chapter 9 Test🔒

10 · Big Loans

10.1 · Loan Basics🔒
10.2 · Auto Loans🔒
10.3 · Renting vs. Owning🔒
10.4 · Student Loans🔒
Chapter 10 Test🔒

11 · Credit Cards

11.1 · Credit Card Basics🔒
11.2 · Statements and Interest🔒
11.3 · Minimum Payments🔒
11.4 · Fees and Rewards🔒
Chapter 11 Test🔒

12 · Credit History

12.1 · Credit Reports🔒
12.2 · Credit Scores🔒
12.3 · Building Credit🔒
12.4 · Fixing Credit🔒
Chapter 12 Test🔒

13 · Insurance

13.1 · Why Insurance🔒
13.2 · Health Insurance🔒
13.3 · Auto Insurance🔒
13.4 · Renters Insurance🔒
Chapter 13 Test🔒

14 · Investing Basics

14.1 · Saving vs investing🔒
14.2 · Diversification🔒
14.3 · Retirement Accounts🔒
14.4 · Fees and Patience🔒
Chapter 14 Test🔒

15 · Scams and Identity

15.1 · How Scams Work🔒
15.2 · Common Scams🔒
15.3 · Account Safety🔒
15.4 · What to Do🔒
Chapter 15 Test🔒

What you'll learn

✓How to create and understand a budget
✓What cash flow is and why timing matters
✓How paychecks and taxes work
✓The difference between checking accounts, savings accounts, and debit cards
✓How to shop smart and compare total costs
✓What loans, credit cards, and credit history are and how they work
✓Why insurance exists and how it protects you
✓The basics of investing and growing money over time
✓How to spot scams and protect your identity

How to use this workbook

15 chapters, designed for one chapter per week (4 short lessons per week plus a chapter test). Each lesson takes about 15–20 minutes — read the lesson, talk it over with the AI tutor, then answer a few short questions in your own words. Your work is graded by the tutor and you can retake a chapter as many times as you need.

Prerequisites

Completion of Economics for Kids Books 1 and 2, or a solid understanding of basic economics concepts like scarcity, trade, contracts, risk, and incentives.