- Thomas M.
- Saturday, January 21
The Financial Literacy book review series #FinLit recommends thought-provoking books about money, investing, and personal finance. This post is about Beyond Piggy Banks and Lemonade Stands by Liz Frazier.
Liz Frazier explains the “why” of this book really well – today’s elementary schoolers will be 18-year-olds in no time, complete with access to credit, loans, and legally binding contracts. If now is not the time for financial literacy, then when? Her fully featured guide to teaching younger kids about money includes activities, games, book recommendations, scripts for speaking to children, and discussion points to use with each topic. Topics include: Where Does Money Come From, Needs vs Wants, Kid Jobs, Budgeting, Saving, and Sharing.
The book is up front about how difficult parenting is, so don’t worry about any guilt in here. Children learn at different rates in different formats, and nobody expects them to turn into accountants overnight. Each chapter sets realistic expectations around how to model positive behaviors and talk about money in a constructive way. Frazier cites a lot of research to back up her suggestions, with articles for further reading.
Thomas M. is a Certified Financial Education Instructor℠ (CFEI®) and has previously blogged about Talking To Kids About Money as well as Five Money Myths That Will Hold You Back. His previous #FinLit Book Reviews have been compiled into a booklist.
