Money management is a topic I feel very strongly about. As parents, it’s our job to prepare our children for the future. No matter what the topic though, setting a good example is the number one way to instill the best in our children. Having tools to help you along the way is always helpful.
One of the most important lessons you can teach your child to prepare them for the future is how to responsibly handle money. Prosperity 4 Kids has a series of products that can be useful tools to instill good work ethic and values in our children. Utilizing one or all of these items is a step in the right direction in putting our children on the right path towards financial success:
- Money Mama & The Three Little Pigs– This book, an iParenting Media award winner, introduces children to the basics of money management with simple terms and descriptive illustrations. The four lessons covered are giving, investing, saving, and spending wisely. The book comes with a read-a-long CD.
- It’s Only a Dollar…Until You Add to It Allowance Chart– A spiral bound notebook sized chart pairs nicely with the book to put newly learned skills in action. It comes with a dry erase pen and 4 static cling sheets so it can be used over and over again. It includes a page for each day of the week plus a “goals, dreams, and desires” page.
- Money Mama Piggy Bank– This cute little bank has separate sections for each of the savings goals: giving, investing, saving, and spending wisely.
Start early and make sure your children have the skills necessary to be successful money managers.
My oldest will be turning 4 in a few weeks and over the past couple of months we have been discussing saving up for the things we want. The Money Mama book reminded me that there are many more lessons to be taught when it comes to money and the book covers them all in way that is easily understandable to children.
The allowance chart is great. It also demonstrates one of the smaller topics- the importance of utilizing our purchases and caring for them. Rather than buying a chart that is a one-time use, the It’s Only a Dollar..Until You Add to It chart is reuseable with it’s static cling incentive stickers and write on/wipe off surface. We just started using this and it’s proving to be a great motivator as well as a great teaching tool.
How do you teach your children to be smart money-wise? We’d love to hear your ideas!
A complimentary product/service was provided for this review, however, all opinions expressed are our own. We were not compensated in any other way. See Mommies With Cents disclosure policy for more details.