How much did you learn about finance while growing up? It's hardly surprising that this is the most indebted generation in Canadian History and that the pattern is set to continue as it has over many generations before us. What to do? A great starting point is to read Money Savvy Kids which was written by Gordon Pape and his daughter Deborah Kerbel. Inside the approximately 220 pages of this book you will find a wealth of information that is shared in a way that makes it easy to comprehend whether you are a financial wiz or absolutely clueless, but do keep in mind that Money Savvy Kids: The Best Ways to Teach Your Children about Money for a Strong Financial Future (as the full title states), is primarily geared towards suggesting methods to engage your children in this subject, and at which ages the various techniques should be applied.
The back states: Money Savvy Kids features timely information on:
- how to teach the "value" of money
- whether allowances are a good idea and, if so, how much?
- saving, spending, and sharing
- teaching your kids to shop smart
- coping with children-directed advertising
- games that teach money skills
- great websites and apps - some reviewed by the kids themselves
- money-smart books for young readers
- finding that first job
- saving for college
Author website for Gordon Pape: http://www.buildingwealth.ca
Author website for Deborah Kerbel: http://www.deborahkerbel.com