This is a sponsored post written by me on behalf of The Beth Kobliner Company LLC. All opinions are my own.
As parents, we prepare ourselves for several “serious” talks with our children. From how to deal with others, to changes during puberty, to even more *ahem* mature subjects. But, one topic often gets glossed over — money. Parents might avoid talking about finances with their kids because they don’t know how to approach the subject or they feel their kids are too young. Maybe the parents themselves are at a loss when it comes to financial literacy. The fact is that kids need to learn about money to get a good start. We don’t want them to find out the hard way what happens when you mismanage funds. Fortunately, there’s a great tool for teaching kids about money.
Teaching Kids About Money — Beth Kobliner’s Book and Live Q&A
Recently, I was sent the book Make Your Kid a Money Genius (Even If You’re Not) by Beth Kobliner. This newest release from the author of a New York Times bestseller is geared to children ages 3 to 23. Not only does the book give solid reasons for teaching kids about money but it includes actionable methods of how to do that. The writing tone is down to earth and easy to understand. Financial terms are explained in no-nonsense terms that parents will relate to. Kobliner covers the basics of teaching the value of money, why it’s so important to use cash versus plastic, how paying kids for chores actually does more harm than good, help look into future planning, and even breaks down salaries and taxes.
The release date of Make Your Kid a Money Genius (Even If You’re Not) was last Tuesday, February 7, 2017. On that day, Munchkin and I attended an event with Kobliner to talk about her newest book. Well, Kobliner was actually in New York at the time so our group was tied in virtually. We participated in a live question and answer session via Facebook live with local blogger, Brandi Riley, as the host.
Photo credit: Green Vintage Photography
Photo credit: Green Vintage Photography
Photo credit: Green Vintage Photography
It was so interesting to hear Kobliner’s answers to questions such as:
- How do you handle it when each child has a different disposition towards money?
- What tips do you have for families with kids in a wide range of ages?
- How do you get started with investing for elementary ages?
- What is the most common mistake parents make when teaching kids about money?
- How do you show that saving is cool and that we don’t need to buy everything we see?
- Do kids have to save or should they be allowed to spend all their own money?
You can see the entire Facebook Live video here. What really hit home was the fact that you can start teaching kids about money from a young age and that it doesn’t have to be hard. There are several activity ideas in the book and a few were on display during the event. I loved the idea of decorating jars (one for saving, one for spending, and one for giving) to help children learn to budget.
Now, I’m the first to admit that I absolutely hate reading. But, I was drawn to the manner in which Kobliner tackled this intimidating topic. The information is well-rounded and suggestions are totally doable. Even my daughter was surprised while she flipped through the book. She said, “What?! When I start working I have to pay taxes?!” We have spoken to her about this before but it didn’t quite sink in the same way as when she read it in the book.
Teaching Kids About Money — Get the Book Now!
This a fantastic step-by-step guide for families. It puts financial literacy jargon into plain words and provides actionable planning tips. Kids will be able to gain the knowledge and confidence to make better financial decisions now and in the future. Parents will also be better equipped. Using this book, they can steer their children in the right direction when it comes to money. Check out Make Your Kid a Money Genius (Even If You’re Not) by Beth Kobliner today! You can find it online through Amazon or Barnes & Noble.
This is a sponsored post written by me on behalf of The Beth Kobliner Company LLC.
1 comment
Great article!
I think it’s important to start financial education at a young age. You shouldn’t wait until your child is in high school. Discuss the importance of having financial plans and savings with your kids and ask them how they will apply the newly learned information.
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