3 Fun Books for Teaching Kids Financial Responsibility
I love books. And so do my kids. So when I saw “Three Cups” stashed away in a storage room at the library, I brought it home read it to my little ones, and learned that they liked learning from books much better than they like learning from me.
If you've got the same situation at your home, there is help for you as well. Today I'm going to share three of our family's favorite money-related books.
by Tony Townsley and Mark St. Germain
A little boy. Three cups. Adventure forever.
On his fifth birthday, Mark received an allowance and three cups from his parents – they promised that these cups would take him on many adventures. One of the cups was for spending, the other cup for savings, and the other cup was to be used for charity.
Every week, he would divide his allowance among the three different cups: spending, savings, and charity.
He learned a great lesson from his three cups; he learned how to save, spend, and give.
I loved this book. It captures everything that I want my kids to learn: how to be responsible spenders, how to save, and to be charitable.
If You Made a Million
by Davis M. Schwartz
My kids have a grand appreciation for all things magical, so to have a little wizard teach them about how a dollar is four quarters, and a quarter is two dimes and a nickel, and a nickel is five pennies, was pretty great.
It introduces other concepts such as interest, and work; it also gives fun visuals so that kids can see just how much money they would need to take mommy to the movies, or to buy something ridiculous like a hippo farm.
It’s just a fun, helpful book.
Alexander, Who Used to be Rich Last Sunday
by Judith Viorst
That poor little Alexander. Not only has he had a terrible, horrible, no good, very bad day, but now the dollar that he was given by his grandparents has suddenly turned into a pile of remorse.
His dad told him to save that dollar, but instead he made a few bets (and lost); and he impulsively bought gum, a used candle, and an incomplete deck of cards.
This is a hilarious display of poor financial decisions.
How do you teach you children financially responsible?