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Raising Money Smart Kids
Janet Bodnar
What They Need to Know about Money and How to Tell Them
Kaplan Education
August 2005
384 pages
ISBN: 1419505165
Paperback
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Self-Help
A parent's guide to helping kids unravel the mystery of
money. The children of the 21st century have more spending
power than any generation to date. Along with this increased
power comes an unmatched curiosity about our monetary system
and a greater expectation of fiscal responsibility. How can
parents help their children grasp money and its role in
society? Janet Bodnar, mother of three and a nationally
recognized expert in the field of children's and family
finances, shares her strategies for helping parents help
their kids understand the power of a dollar in Raising
Money Smart Kids. Bodnar, executive editor of
Kiplinger's Personal Finance, provides parents with
sensible ways to help children-from toddlers to
teenagers-understand the role of money and how it works. She
teaches parents how to handle the sticky questions like "Are
we poor?" "How much money do you make?" and the inevitable
"It's my money, so why can't I spend it the way I
want?" Raising Money Smart Kids begins with a
"Test Your Money Smarts" quiz, and each chapter includes
real-life questions and answers from Bodnar's popular weekly
column. At the end of many chapters are stumpers that kids
toss parents' way-along with appropriate responses. Some of
the issues addressed include:
*Curing a case of the grocery-cart "gimmies"
*A kid's-eye view of money
*Family money habits, good and bad
*Allowances: how much and how often
*Saving and budgeting
*Credit cards
*Teaching kids about investing With Raising Money Smart
Kids,parents can convince kids that money doesn't just
jump out of bank ATM machines in an educational and
kid-friendly way.
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