Posts tagged ‘budgeting’

SOUND FINANCIAL ADVICE

Profitable Money Skills for Kids

Written by Michael Slochowsky

This is a basic primer for kids with all the necessary information to understand money.

It is written in fairly simple language though I believe younger children will need additional guidance for complete understanding. The author begins with an introduction as to why he wrote the book, and why he included interactive strategies to implement its lessons.

Chapter One explains the history of money and its purposes. Then we move on to different types of saving strategies, budgeting, and tools to use. Kids learn the differences between needs and wants, and how to invest smartly. There are suggestions about how kids can earn money, give to charity, and avoid scams. Finally, there are goal-planning strategies, and discussions about planning for a sound financial future.

This book is a valuable financial literacy tool that can grow with the child providing a strong foundation for a sound financial future. Highly recommended to parents and teachers.

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$ AND CENTS

A Budget for Bingo: (Penny Power)

Written by Tori Filas

Illustrated by Ethan Roffler

Fizzy and Lou are two siblings who want to adopt a dog as a new member of their family. They have a conversation with their mother.

She quickly points out that adopting an animal is like assuming responsibility for a new member of the family. Mom points out there will be new expenses, responsibilities, and job- sharing. The children learn about preparing a budget to pay for the expenses, and the work entailed in having a pet. They even discover new ways to earn that money and practice responsible leadership skills.

This book is the first in a series that will teach children about finance and money. Using animals as an important part of the story line is a clever idea. The vocabulary reinforcement section at the end of the book can be used to review the concepts taught. It is a wonderful introduction to economics for elementary school-age children. Highly recommended to parents and teachers of children to learn about budgeting.

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TRAVELING RIGHT

98 Best Travel Tips: A Guide For Travel Junkies on a Budget with KIDS

Written by Chris A. Baird

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I have done quite a bit of traveling in my lifetime, but I must say this book is the best guide that I have seen. It covers any conceivable topic related to travel from soup to nuts.

Baird begins by explaining the broad definition of travel; it does not necessarily mean a long, time-consuming journey. He gives us concrete reasons for travel like being able to connect better to others, discover ourselves and expanding our children’s horizons. Baird lists many of the excuses people use not to travel like not having enough time, money or physical resources.

The heart of the book gets down to the nitty-gritty of where you start, how to budget, and plan for your safety. His list of reminders like careful research, passport and insurance information, and booking don’t leave anything out. Baird lays out what you need to know about packing and planning, when and what to do at the airport, and invaluable tips on planning, packing and involving your children in the trip. The author does not forget about preparing for the trip home while still on vacation, and how you should already be thinking about your next family adventure.

This book is a good choice for anyone who is hesitant about traveling with the family, as well as those who are seasoned travelers. Parents can share the book with older children. I can’ think of anything that has been left out. Strongly recommend reading this one before you plan your next vacation.

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