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The Best Wallets for Kids

Because they need to keep that chore money somewhere.

It’s hard to talk to kids about money. It doesn’t grow on trees but an ATM spits out $20 and daddy swipes a card to bring LEGOs home. The best kids wallets, then, are those that, above all else, facilitate children’s understanding of the concept of money. Considering what financial literacy looks like in our country, it’s never too early to start.

With wallets, kids count and organize their dollar bills, save them until they’re ready to make their purchase, and stroll into a store and choose what to buy. The kind really doesn’t matter. But you do want a kid’s wallet that is easy to use (think Velcro straps to open and close them), has plenty of room to store all those coins, bills, and, let’s face it, random rocks, they accumulate, and are well-made enough that they won’t fall part when they’re stuffed into the bottom of a soggy backpack. Otherwise, lean into colors and themes (be it Minecraft or Mickey Mouse) that your kids like. Here are some options to consider.

This rugged nylon wallet will last. And last. It has a magnetic tape closure, so it opens and shuts easily as well as a trifold design that has one zippered cash pocket, a mesh ID window, and an inner mini zippered pocket for any extras. There's a coin pocket, of course, and a hook where kids can connect a carabiner so this thing hangs from the inside of a jacket or bag and doesn't go missing.

With its zippered closure, this compact little wallet keeps bills, coins, and school IDs safely contained. It has one exterior and three interior pockets.

Another wallet that's not here to play, this trifold is made of canvas. it has 4 card slots, an ID window, and a coin slot. There's a metal ring so kids can attach house keys to the wallet. And the Velcro closure keeps things in place.

Kids sling this compact yet upgraded wallet over the shoulder and have whatever they need handy. It has a small main compartment that fits their keys, an internal phone pocket, and plenty of room for cards, bills, and coins.

For older kids who don't like to travel light, a wristlet is the answer. The strap goes right around the wrist and the wallet itself holds a half-dozen cards, as well as bills and coins. It's on the larger side, but then again, it can also fit documents or homework.

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