Friday, April 22, 2011

Money Doesn't Grow on Trees

One of the books I have found that deals with teaching kids about money is “Money Doesn’t Grow on Trees, A Parent’s Guide to Raising Financially Responsible Children” by Neale S. Godfrey. She also wrote “Money Still Doesn’t Grow on Trees” dealing with teens.
The book contains games and activities for different age groups to teach kids about money. The chapters contain topics such as how to handle allowances, introducing your kids to banking, and budgeting. There is also a chapter on how to use the world as your financial classroom. If you take a couple of minutes to explain what you are doing can help your children learn. When you write a check or use your debit/credit card, explain that you need to make sure you have enough money in your account to use them or that you should be able to pay off your credit card each month.
One of the stories in the book is about a friend of hers that took his young sons across the country to visit their grandparents. Each time they stopped to eat, one of the sons was almost lagging behind. When they were almost home he asked him why. The son told him that he had to keep picking up the money he kept leaving on the tables. If not explained what he was doing, to a 5-6 year old it would look like his dad was forgetting his money.
This is one of the many resources available on this subject.

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