Wednesday, June 4, 2008

Kids' Money, Allowances, and Investing

Do you ever tell your kids, "Money doesn't grow on trees." How do you teach your kids the value of money? Here are some books and websites that may help you out:

Explanations about Money concepts (Savings, Checking, History etc.)
Neale S. Godfrey's Ultimate Kids' Money Book by Nealy S. Godfrey
An overview of checking, savings, credit cards, banks, and the history of money.

Money by Joe Cribb
Eyewitness book that examines the meaning of money, how money is made, and how to collect coins.

The Story of Money by Betsy Maestro
History of money from ancient times to today.

For Entrepreneurial Kids
Beyond the Lemonade Stand: Starting Small to Make it BIG! by Bill Rancic
Business advice from the winner of the TV show, "The Apprentice.

Growing Money: A Complete Investing Guide for Kids by Gail Karlitz
Explains the different types of investing and provides information to help make decisions on each kind of investment.

A Smart Girl's Guide to Money: How to Make it, Save it, and Spend it by Nancy Holyoke
Business, saving, and investing advice for girls.

For Parents
Kids' Allowances: Expert-Approved Real-World Approaches (Website)
Three families share their strategies and systems for allowances.

Parents Mistakes Teaching Kids About Money Can Lead to Difficulties Later in Life by Leanne Italie (Article)
Tips on what to do and what not to do if you are a parent.

Teaching Kids About Money: 10 Tips by Trista Winnie (Article)
10 tips on how to teach kids about money.

Disclaimer-- the articles and websites mentioned are not necessarily those of the Palo Alto City Library.

My Summer Reading Plug-- Over 200 kids have signed up for Summer Reading! If you have not signed up, you can click here to sign up your child. Your kids could get a free book and pizza coupon for completing the program.

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