Are you looking for help teaching your child about money? You need to read Beth Kobliner's new book, Make Your Kid a Money Genius (Even If You're Not). This is a sponsored post, but all opinions are my own.
Money. It's a huge part of our culture, but it seems no one ever teaches us – or our kids – about it. Sure, they learn to count coins in school, but it doesn't seem to go much further than that.
My husband and I have had many conversations about what we think should be added to the lessons that our daughters are taught. One of the things we feel is very important is for them to understand how money works.
Now that we homeschool them, we have the opportunity to teach them everything we wish people would have taught us about money when we were kids. It's a pretty cool feeling to have control over what our kids learn.
We know and understand that not all families are in the position to homeschool, nor do all families even want that option for themselves. Regardless, we should all be teaching our kids about money.
Did you know that research has shown that even preschoolers can understand basic money concepts? Or that a study from Cambridge University confirmed that basic money habits are formed by the age of seven?
Where are they learning those money habits? If you said from mom and dad, then you're right. So you need to be setting a good example and teaching them what they need to know from the start.
But what do you teach them? If you were never taught about money, you may not even know where to start with your kids. It's something that doesn't feel easy or natural to teach for most people. That's okay.
Make Your Kid a Money Genius (Even If You’re Not)
Beth Kobliner just released her new book today, Make Your Kid a Money Genius (Even If You’re Not). It's a jargon-free, step-by-step guide to help you teach your kids about money, no matter your income level.
Some of the values it teaches are: delaying gratification, working hard, living within your means, getting a good education and acting generously toward others.
It has some interesting perspectives like how allowance isn’t necessarily the best way to teach your kid to handle money and how an after-school jobs isn't necessarily the answer either.
Kobliner even talks about how paying our kids for good grades isn't the way to go! My parents always paid me for good grades when I was young. It motivated me, but not my siblings so that is a very interesting tip!
I'm still working my way through Make Your Kid a Money Genius (Even If You’re Not), but so far so good. I didn't grow up being taught about money, so it's great to be able to get advice on how to teach my kids about money.
If you're looking for advice on how to teach your kids about money, pick up a copy of Make Your Kid a Money Genius (Even If You’re Not) – it was just released today!