Looking for a way to teach you kids the basics of budgeting, spending and
saving? Here are some ideas of books to teach kids about money. Some of the books are geared towards parents and some are for the kids to read themselves.
Book are a great way to
teach your children about money management and they make
great gifts for both parents and kids.
This is a relatively short book to read, aimed at parents of younger children, although parents of children of all ages can apply the principles. The First National Bank of Dad book covers economics, becoming thoughtful consumers, and appropriate allowances. The author includes various antidotes to see money management in action. One of the highlights of the book is the idea of a parent’s bank account in which the author matched his children’s saved money with competitive interest rates.
Raising Financially Fit Kids is broken down into sections for parents to use with kids as young as five all the way up to eighteen. It covers saving and wise spending throughout the book. The book is simple to read, with minimal text while it utilizes graphs and charts. A highlight of the book is that it breaks everything down into simple steps and shows you exactly how to teach your kids about money with tips on how to make tweaks for your children depending on their different personalities.
Money Doesn't Grow on Trees explains that you can teach your kids financial planning from the age of two to the age of eighteen, including games and techniques that are appropriate for the age of your child. The book helps you establish a spending and savings program with your child and a systematic process of how to teach your kids the value of money. A highlight of the book is the inclusion of technology in financial planning. The book covers the power of the internet and how EBay fits into financial budgeting for kids.
The Everything Kids' Money Book is geared towards kids ages 9 and up, with hands-on activities to help kids understand financial concepts. The book is written as a workbook with worksheets for kids to work on while they learn about money. A highlight of the book is the encouragement it gives kids to start their own
savings account.
The book Raising Money Smart Kids: What They Need to Know about Money and How to Tell Them (Kiplinger's Personal Finance) by Janet Bodnar is a kids money book to help you teach your children how to be money savvy. The beginning of the book includes a money quiz to help you understand where you are at before you begin teaching your child about money management. A highlight of the book is covering the difficult questions from your kids such as: “Are we poor?” and “How much money do we make?”
The Kids and Money book is an easy read which includes ideas and tips that you can put into practice today and not months or years from now. The book covers many topics including the value of a dollar, how to make shopping fun instead of a battle, how to save, how to spend frugally, how to cope with peer and media pressure, how to deal with a first part time job, donating money, and the basics of investing for a child. A highlight of the book is the thought that children should not be forced to save and it should be their own decision.
The Growing Money book is about investing and growing your money through different investment options. The investment topics in the book break down information into easy to understand sections covering everything from buying and selling stocks to dividends and equity. In addition to investing it also covers other topics such as
inflation and savings. A highlight of the book is the use of clear examples using a pizza parlor so that kids can understand complicated topics.
The Earn It, Learn It book focuses on earning money and learning the value of hard work to make money. Parents and children can work through new ways of using an
allowance so that children are able to learn valuable skills that are useful in future careers. One of the highlights of Earn It, Learn It is the way that the author details how a task will relate to a future career.
The Money Sense for Kids book is written as a letter to children. It starts with the most basic keys to saving money and continues into topics like banking, saving and investing. The highlights of Money Sense for Kids are the way the book is written with simple words that make the difficult topics easier for kids to understand.
