3 Must-reads for Teaching Your Kids Financial Wisdom

Confused about navigating the world of teaching your kids personal finance? Looking to brush up on your own money skills so you can walk the walk and pass those lessons down? Here are three excellent books worth reading if you’re looking to equip your child with strong financial literacy skills.

They cover a broad range of topics from delayed gratification to finance fundamentals to how to have age-appropriate money talks with your kids. Take a look: 

1. Make Your Kid a Money Genius (Even If You’re Not), by Beth Kobliner

Personal finance pro Beth Kobliner brings us this engaging  guide to raising money-savvy kids.

Kobliner covers the financial basics and delves into a myriad of money-related topics, from allowance to after-school jobs. She breaks down the challenges of teaching your kids about money and discusses how to address them. She makes intimidating topics like paying for college a lot simpler for both you and your kids and advocates for financial education throughout childhood.

 

2. The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous and Smart about Money, by Ron Lieber  

When speaking with families at a financial literacy event, Ron Lieber asked parents to name the most undesirable qualities they hoped to never see in their own children. While “cruel,” “mean,” and “violent” frequently made the list, “spoiled” topped them all– which is encouraging, since this is a trait parents can influence! Lieber implores parents to teach kids money management while taking time to invest in their good character, too. 

Throughout the book, Lieber answers the question, “What is the opposite of spoiled?” His thoughtful analysis builds a philosophy for raising smart, generous young stewards, with plenty of actionable tips mixed in!

 

3. Raising Financially Fit Kids, by Joline Godfrey  

This updated edition of Joline Godfrey’s Raising Financially Fit Kids (2003) is easy to read, relaxed in tone and packed with lots of practical advice.

Raising Financially Fit Kids introduces ten basic money skills to teach kids as they progress through five developmental stages: children, tweens, middle schoolers, high schoolers, and twenty-somethings.

Godfrey details lots of developmentally-appropriate ways to impart these ten fundamentals to your kids– you’re given access to a reservoir of activities that make teaching financial wisdom fun, so you’ll never miss an opportunity to engage with your kids about money again.

Jassby is a free mobile payments system for the whole family.  With our iOS and web app,  parents can safely give their teens money for rewards, accomplishments, gifts and more; teens can learn money management by saving or shopping from an parent-approved list of online vendors. When it comes to money matters, Jassby is part of the family!

 

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