Skip to content

How to parent smarter not harder.

View all articles

Thinking Parenting Blog

Children’s books about financial hardship

With the current cost of living crisis, many parents are having difficult conversations with children about money. Explaining financial hardship to children isn’t easy as young children find it tricky to understand what money is and where it comes from (see Talking to children about money and the cost of living). Reading children’s books about financial hardship can be a useful way to introduce key concepts and harness the power of stories to connect with children’s world view.

Whether you are promoting awareness of what is going on in the world around them or trying to help a child understand the choices you are having to make as a family, these six children’s books about financial hardship are a brilliant way to engage children’s curiosity and compassion and start thoughtful conversations.

*This post contains affiliate links 

It’s A No Money Day

This is a beautiful book for promoting empathy and compassion in young children. It’s A No Money Day (by Kate Milner) tells the story of a mum and daughter who run out of money and have to use a food bank.

Despite the difficult topic, it is never bleak. It’s a gentle and moving and powerful book that manages to find hope and kindness in adversity. (3-6yrs)


The Invisible

The Invisible (by Tom Percival) explores the issue of homelessness through the eyes of a child. It’s a profoundly inclusive book which manages to be optimistic without minimising the impacts of financial hardship.

A simple story beautifully illustrated which will prompt a lot of thought. (4-8yrs)


Those Shoes

Those Shoes (by Maribeth Boelts) has been around for a while but it is still a great book for discussing the difference between wants and needs and explaining why it’s not always possible to afford to join in the latest expensive craze for shoes/trainers/clothes etc. Perfect for younger schoolchildren (5-8yrs).


A Chair for My Mother

Another classic, A Chair for My Mother (by Vera B Williams) tells the story of a family in financial hardship who are slowly saving their coins to buy a comfortable chair for the mother to relax in after a long day at work on her feet. It combines messages about making financial choices with compassion for a family overcoming hardship in a lovely warm story. (4-8yrs)


Money Plan

Not so much a story about financial hardship as financial reality, Money Plan (by Monica Eaton) tells a simple tale about a young girl having to accept that she can’t have everything she wants. It uses the framework of a shopping trip with Mom (this is a US book) to walk through some of the reluctant choices we all have to make when living on a budget. (4-8yrs)


Spend It!

Spend It! (by Cinders McLoed) is part of the Moneybunny series that aims to introduce young children to simple financial concepts. Although it is not about financial hardship as such, it uses the idea of carrots to explain how money works – e.g. that we can’t buy something if we don’t have enough money and once money has been spent, it has gone! A good way to help little ones understand money so you can talk about the choices that need to be made. Other books in the series include Save It! and Give It! (3-5yrs)

These are my recommended children’s books about financial hardship – I’d love to hear your feedback and also ideas for other great books I haven’t mentioned. Do leave a comment below!

*This post contains affiliate links which means that if you click through from this post to Amazon and buy one of these books, the Positive Parenting Project will receive a small fee. For more info, see  Disclosure Notice. If you are going to buy a book, it is always worth shopping around at different booksellers for deals and checking your local library first.

montage of six children's books about financial hardship

Share this article:

The Work/Parent Switch.

By Anita Cleare

Not sure where to start?

Practical tips on how to be the parent your child needs and create happy family dynamics (but still do your job!)

2 responses to “Children’s books about financial hardship”

  1. Reading books is a fantastic way to improve a child’s imagination and creativity. It allows them to enter new worlds, meet new characters, and explore different ideas.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

photo of young boy playing with a pink doll's house to illustrate article on why diverse and inclusive toys are important

Why diverse and inclusive toys are important

Albert Einstein famously said that play is the highest form of research. Play is how young children learn about the world and make sense of it. The information children collect through play informs...

montage of book covers showing the best books for teaching children kindness

Best books for teaching children kindness

Books are a fantastic tool for teaching children kindness because they help children see the world through someone else’s eyes. They also provide clear illustrations for younger children on...

The Woorysaurus is one of the best books to help children with anxiety - photo of bookcover

Books to help children with anxiety (2-12yrs)

The best books to help children with anxiety are reassuring and approachable and give children ideas and practical strategies for managing their worries. Children who are worried or anxious...

Photo of book cover of How Are You Feeling Now by Molly Potter

How Are You Feeling Now? Interview with children’s author Molly Potter

Molly Potter is a best-selling children’s author whose books help parents and children talk about feelings and other tricky topics. I’m a huge fan of her books, so I was delighted to have...