How difficult is it to raise a money-smart child? It’s a whole lot of work, and it’s especially tough if you still trying to figure the money thing out yourself! While I don’t have all answers, I do believe that with the right tools, research, and lots of patience everything is possible.
Today I want to share a great tool my family has discovered recently that speak to the kids in the language they can understand – the Piggy Bank Book by Andrea de Fraga.
Andrea de Fraga is a Business Management professor at Chicago’s Columbia College. While teaching her college students budgeting, she realized that many young adults don’t understand the basics of money management. Should we wait for the kids to grow up before teaching them to be money-smart? A mother of three herself, she decided to create a book that would help her and other parents teach their kids about money. Using the Piggy Bank Book builds skills to achieve a healthy spending habit.
We had a chance to speak with Andrea at the Piggy Bank Book launch a few weeks ago and even got an opportunity to ask her a few crucial questions in this video:
The Piggy Bank book starts a conversation with kids 6+ about money, allowance, and spending in an easy going way. It’s designed to help kids slow down, filter out the noise, and figure out what they want. By tracking their money, your child will take pride in what they’ve accomplished instead of comparing what they have with their friends. It only takes five minutes a week to work on the ledger pages, and it will have a lifelong impact on how your child spends money.
Spending time working with the Piggy Bank Book will teach your child to thoughtfully purchase instead of mindlessly consume. They will develop a healthy spending habit of taking with them into adulthood.
I was curious to see how Andrea approached the topic of money with her children and was surprised to find out that even her 4-year old gets an allowance as she wants him to grasp the concept at an early age – how awesome is that?
The Piggy Bank Book team wants to help more kids to grow money-smart and make better financial decisions as adults. If you feel the same way – please consider supporting their Kickstarter by pledging at Piggy Bank Book Page.
We are giving away the Piggy Bank Book to three lucky winners who can’t wait to raise money-smart kids
The Piggy Bank Book