I will admit…my husband and I haven’t always been the best with money. We were impulse buyers early on in our marriage, and we are still paying for some of those mistakes 10 years later.
This is sponsored post for SheSpeaks/The Beth Kobliner Company.
Though I am not always the best at money, I want to instill good financial habits in my kids. I don’t want them living paycheck-to-paycheck or finding their bank accounts at zero when they have an important bill due.
Beth Kobliner’s Make Your Kid a Money Genius (Even If You’re Not) has giving me hope that I can teach my boys to be great with money – even if I don’t have the best experiences.
Make Your Kid a Money Genius (Even If You’re Not) is an easy to follow, step-by-step guide to help parents teach their kids about money. What I like best about this book is that it’s more of a resource guide. Each chapter is broken down to age groups, so you know how to present good money strategies to your child at each stage of their lives.
Right now, we are sticking with the preschool and elementary school sections for our 3 year old and 6 year old boys. The book is designed for kids ages 3-23, so I feel that we are reading it early enough to really make an impact on their financial knowledge.
We will keep this book on our bookshelf to refer to the older stages of life as our boys grow up!
3 Things I Have Learned from Make Your Kid a Money Genius (Even If You’re Not)
- Only pay for chores that go above and beyond. You don’t want your child thinking everything he/she does around the house is worth a buck. Everyone should pitch in to keep the household running. However, your children can have the opportunity to earn money for a job that goes beyond their normal chores.
- It’s not too early to talk about money to 3 year olds. Before this book, I haven’t talked much about money to my 3 year old. However, I am really missing out on the opportunity to instill good financial habits. This book has given me lots of helpful ideas on how to expose my preschooler to the basics of healthy money knowledge.
- Basic money habits are formed by age seven. I never knew this! My six year old has a piggy bank and likes to spend his own money. However, I didn’t realize we really need to be focusing on his spending, saving, and giving back now rather than waiting until later.
The book is by personal finance expert, journalist, and bestselling author Beth Kobliner and is based on the latest research from the fields of psychology, child development, and behavioral economics. I enjoyed reading Kobliner’s book and her no-nonsense, straightforward way of presenting what is best when it comes to teaching children about money.
What are you doing to make your kid a money genius?