The perfect parent-and-child primer on the basics of financial management–
Mom and Dad were right: money doesn't grow on trees. But too many kids don't learn that lesson early enough. For parents who want to give their kids "money smarts' before they learn the hard way, here's the perfect parent-and-child primer on the basics of financial management, from balancing a cheque book to using ATM machines, and from understanding the value of money to taking the first steps toward investing. Parents learn how to teach sound money values, explain basics like taxes and bank statements, determine allowances, and help kids learn to budget and set savings goals.
This book demonstrates quick and easy ways to teach your kids how to:
- set financial limits
- get a job or start a business, at any age
- understand the perils of going into debt
- save toward their post-secondary education
- set up money market funds, mutual funds, and other growth options
- be generous and charitable
"From piggybanks to mutual funds, from lemonade stands to paying for college, this guide shows us the ropes in clear language that makes even the most sophisticated concepts easy to understand."
– Diane Harris, a contributing editor to Parenting magazine and author of its "Money Matters" column.