I grew up with little or no money. My mom was the only parent working. She was working in factories and making minimum wage or piece work. Piece work is where you get paid for every item of product you have completed. At an early age I learned to be frugal and the value of money very fast.
Of all my experiences you would expect that I know how to teach my daughter the value of money. You would think I have a foundation of knowledge but I have nowhere to start. I think it is very hard for my daughter to understand when I pay for everything with plastic and where most of my bills are automatically paid.
I think M is for Money is a great guide for all parents to help teach our kids that money does not grow on trees. (I wish it did) M is for Money follows Tessa and Benji by watching them learn how money plays an important roll in everyday life.
Talking about money with my kids is important. It will help them to learn to be financial responsible. Your kids could be 5 or 15 years old. It is never too late to start to talk to your kids about money. April 20, 2016 is Talk With Our Kids About Money Day.
The fourth book is called "The Little Wallet Named Pouch" where Tessa and Benji learn what a wallet is and when we get change when we pay for an item. This is a great basic book about how we store our cash and why we get change.
The fifth book is called "A Little Loan for Benji" where Tessa would lend Benji some money to help him with his purchase. Tessa was really kind to help Benji out when he was short on cash. If you continue with the series, in book eight "The Payback", is where Benji pays back Tessa. I think this is a very important lesson. I have discovered that kids in college/university who open a credit card the first time do not realize that they have to pay it back. In many cases, credit cards are their first loan they have to pay back within a month or so.
The sixth book is called "Counting Comes First" where Tessa and Benji learned that planning ahead helps prevent you from going over your budget and making the most out of their dollar. This is my favourite book in this series. It is more complicated than the first five books. This is a great book to show that you can't just purchase whatever when you have a limited cash on hand. I believe once my daughters learn how to budget it could really help them in the future.
Each book can be read alone but it is better to start from the beginning. The books are easy to read so my oldest could read it too. These books have provided me some great idea I could work with my daughter. These books are great start of teaching my daughter about money. If you also have problems teaching your child the concept of money this book series is a great idea to read with your child.
M is for Money follows the financial adventures of twins, Tessa and Benji, as they learn about basic money concepts in a fun and creative way. The books are aimed at children ages 5 through 9. The M is for Money book series helps parents and teachers being hte conversations about moey early so that they establish a solid foundation for a child's financial success in the future.
The books and eBooks are well as fun merchandise can be downloaded at www.misformoney.ca. Book 1 to 9 are available at Chapters and online.
For more information, visit www.misformoney.ca
*Disclosure - This is a sponsored post. All opinions expressed in this review are my own.
yeah we've never made more then min wage, and I was very, very lucky my kids were not into brand names. I always said, do I need it, or do I want it. I made sure that all the family allowance (its child tax credit now) went into resp's for the kids, and somehow managed to get braces on my sons teeth ($4500)but we always lived from one paychq to another. My daughter is so frugal right now that she's vegan (She's in her second yr of college and just refuses to pay the amount of money for meat lol) My son, he's not so frugal but has learned to do without quite a bit of things as he's in Alberta and we all know how bad things are there.
ReplyDeleteIt's so important that children learn about money early, that you have to work to be able to earn it and that saving really is a worthwhile thing to do. I grew up in a household where only my dad worked at a menial job and with 3 kids in the house it must have been really tough for my mum to make ends meet but she did. She taught me a good lesson, that I still value today. If I don't have the money then I can't buy it and there are no two ways about that.
ReplyDeleteThese sound like fun. I remember money games similar to these when I was a kid.
ReplyDeleteI think that these will be useful to parents to help their kids understand about money. I remember about 20 years ago being at an ATM and seeing lots of the paper chits flying around, I picked some up and nearly all said 'no funds' available. It was a shock to me but there again I also knew someone who rushed downtown (30 min drive) to shop because there was 10% off, however she was using her credit card which wasn't paid off so paying enormous interest which of course was way more than the 10% she was saving not to mention the gas she was using.
ReplyDeleteThis series of books sounds like a great way to talk to kids about money. With ATMs, credit cards and so many ways to pay without using cash, some very basic money concepts could be very confusing if we don't take the time ti explain them.
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