Teaching Money to Kids with the The Money Game
I have recently been reading a book called Make Your Kid a Money Genius (Even If You’re Not) by Beth Kobliner. It has these amazing tips for teaching money to kids. I am excited to be working on a sponsored campaign for this book!
I know this is important to start teaching at a young age. I have always tried, but I am not the best at money management myself, so this title really caught my eye! I used this great book to create a Money Game for kids to use to teach kids personal finance. Let’s make those dreaded money talks a little more fun!
The author of Make Your Kids a Money Genius (Even If You’re Not), Beth Kobliner is an authority on personal finance. She also wrote the bestselling book Get a Financial Life: Personal Finance in Your Twenties and Thirties. She used to write for Money Magazine, has contributed to New York Times and the Wall Street Journal and done some other great stuff like serving on President Obama’s Advisory Council on Financial Capability for Young Americans. I trust her advice.
About the Book- Make Your Kid a Money Genius (Even If You’re Not)
It is a step-by-step guide to help parents teach their kids from ages three to twenty-three about money. This book has 10 chapters to help parents with teaching money to kids. Chapter 1 starts out with 14 rules for talking to your kids about money. These rules include: Starting Young, Keeping it Age Appropriate, Using Stories, Don’t Lie About Money, Don’t Try to Keep up with The Joneses, and more…
Chapter 2: Save More
Chapter 3: Hard Work Pays
Chapter 4: Drop Debt
Chapter 5: Smarter Spending
Chapter 6: Get Insured
Chapter 7: The Plain Truth About Investing
Chapter 8: Give Back
Chapter 9: Your Kid’s Most Important Financial Decision: College
Chapter 10: Financial Advice for You, the Parent
Within each of these important chapters, the author breaks it down by age group. I love how she does this. There is definitely not going to be the same solution for a 5-year-old as there would be for a 15-year-old! She uses the following age categories for discussing each topic: Preschool, Elementary School, Middle School, High School, College, Young Adulthood.
The beauty of this book is that it is full of “teachable moments” that allow parents to learn how to teach their kids character traits that are important in all aspects of life: a strong work ethic, the ability to exert self-control and to weigh our choices carefully, the perseverance to work toward distant goals, and a giving spirit.
What I Liked About the Book
Chapters 2, 3, and 5 were my favorites. I feel like they are some of the important basics for me to use to start out! I loved the tip about not letting your kids skip in line. She gave an example of waiting in line at an airport bathroom and she overheard a mom say to her child, “This is part of life. Sometimes you just have to wait!” This applies to money and many other areas of life! If you want to buy something, often you will have to save up for it and wait a little while to get it. It’s a great analogy!
If you are looking for a good book to help you along with teaching your kids about money and finances, this definitely a good one to look into reading. It is sold at Amazon and Barnes & Noble.
Teaching Money to Kids with The Money Game
Since I am always looking for creative ways to teach, I though it wold be appropriate to create a printable money game to go along with this book. This game is a great way to help kids realize how much life costs and how hard it can be to spend, yet also how important it is!
The goal of this game is the to be the first one to save $1000. It seems easy, however as you go around the board you land on save or spend spaces. The save cards give you money and the spend cards take away your money. I made it tailored to kids with things they would spend their money on and their income opportunities are also things that kids would do to earn money.
It includes a game board, printable money and game cards to go along with it. My kids and I had so much fun playing it together!
Interested in Downloading The Money Game?
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This is a sponsored post written by me on behalf of Make Your Kid A Money Genius (Even If You’re Not).