viaDigita

Money Sense for Kids!

MINI REVIEW:  How Kids Can Earn, Save, Budget, and Invest Their Own Money

A fun and informative guide to money for kids, including ideas for boys and girls on how to earn, save, budget, and invest their own money.

Money Sense for Kids!
(Paperback Edition)

This is a really fun book, not only for kids either. Even as a parent, I learned quite a bit I’d never known. Comprised of four sections, this guide covers the basics of exactly what money is, how to obtain it, how to grow it, and finally a few ways to have fun with it.

See It

Part I is an entertaining introduction to money, both what it is and descriptions of the physical characteristics of our American money and the American money system. Did you know that Congress passed the dollar money system into law in 1792? I didn’t.

There are fascinating charts and discussions that reveal the various codes, symbols, and illustrations found on our American bills and coins. Many references to American history and politics, Latin phrases, famous paintings, and more put our physical money, and the design of each bill and coin within our money system, into perspective.

Add To It

Part II covers a variety of ways that kids (and adults too!) can acquire and earn money. From simply finding money on the street to earning allowances, receiving monetary gifts, selling items or services, to a brief overview of adult job skills, this section has the basics of moneymaking covered.

Monetary vehicles and terminology including bonds, savings accounts, interest, mutual funds, and stocks are introduced in this section. America’s Social Security System is described as well. “Money Math” is covered here, too; basic calculator operations are covered, as well as financial rules such as the Rule of 72.

Grow It

Part III covers some physical aspects of banking, including opening an account, depositing money, using a passbook, examining a bank statement, and use of ATM machines and ATM cards.

More in-depth discussions of interest, corporate bonds, mutual funds, and stocks follow. These are all presented at a level that most any 10- or 12-year-old can understand, and since most adults like myself have never learned too much about these, it is also interesting for adults as well. I certainly found it enlightening. A particularly interesting section covers three companies and their financials: Berkshire Hathaway, eBay, and Cannondale.

Fun With It

Part IV contains money-related word searches, crossword puzzles, multiple-choice questions, word-matching, coin games, and more. There are also financial quotes from famous people, several money-related glossaries, and additional reference material.

Learn It

Money Sense for Kids! is an excellent introduction to one of life’s most important systems in present-day America. Many adults were never taught about much that this book covers, and we only learn about these things as we go through life, which is not necessarily the most effective way to become acquainted with such an important aspect of our own society.

If you have, or know, a child who hasn’t learned about the American monetary system, this book is a must-read!

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