It is never too late to start teaching your kids about money. We need to teach our kids many skills, but teaching them how to manage money is definitely one of the most important. While it is best to start teaching kids about money when they are young, you can begin at any age. Financial literacy is so important, yet lacking in many American homes. It can be difficult to know where and how to begin teaching kids about money. These 5 awesome resources will give you the tools you need for teaching money skills to your kids.
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Besides the fact that I love her first name, Beth Kolinder has some awesome resources for parents who want to help their kids become financially literate. Her approach to teaching kids about money is sequential and in-depth and well thought out. You can find her website at www.bethkolinder.com Be sure to pick up a copy of her book.
Dave Ramsey is probably one of the most well known authorities on personal finance. He has a nationally syndicated talk show and he is the author of many, many books on personal finance. He is the creator of the debt snowball that has helped millions of people get out of debt. Dave has created many resources for helping parents teach their kids about money. His website is www.daveramsey.com and this is his book about personal finance for kids.
Rachel Cruze is the daughter of Dave Ramsey and also a well known personal finance expert. She was raised on the principles of personal finance that Dave Ramsey began teaching after going through bankruptcy. Ms. Cruze is dedicated to helping the next generation become savvy with their money. Her website has many resources for kids and parents. She co-authored a wonderful book with her dad called Smart Money, Smart Kids that is a great resource for anyone who wants to educate their children about personal finance. Her website is www.rachelcruze.com
I just recently came across the Money Mammals website created by John Lanza and his wife. I heard him speak on a podcast and I really loved what he had to say about teaching kids about money. The Money Mammals books and videos are geared toward younger children and are very cute and engaging. Mr. Lanza recently wrote a book that covers teaching all ages of children about money.
I love the title of Ron Lieber’s book The Opposite of Spoiled which can be difficult to achieve in this day and age. Today’s kids live in a non stop 24/7, easy access world, so they are unintentionally spoiled in ways we never were. Mr. Lieber has been the “Your Money” columnist at The New York Times since 2008. You can find him at www.ronlieber.com
You can check out the resources from all these people or just pick one to follow. No matter what, you will learn some great skills that will help you raise money smart kids.
If you are struggling to straighten out your own personal finances, check out this post I wrote Personal Finance Experts Every Woman should know. I learned about many of the resources I shared in this post from reading books and listening to podcasts by these experts.
Wondering what other skills you kids will need to know? Check out my post 10 Skills Every Young Adult Should Know
Here is how to start a fun tradition with your kids that will help you Save Money on Greeting Cards.
My goal is help you stay organized, save money and teach your kids about money. Do you have any great books about kids and money you would recommend?