It seems everyone is interested in money and how to keep it.
Some have lots of money and it just slips through their fingers. Others don’t
have so much but are able to leave an inheritance to the generation that
follows.
There has to be an easy way to understand how that is done.
Ron Lieber offers a basic book on the proper use of money.
Really every school should have a couple of courses offered
to help young and old how to properly handle the coins and paper that pass
through their hands. They haven’t in the past and that may be one reason we
have so much debt and section 11’s today.
How do you explain finances in a way that is
understandable? When is the best time to
start the discussion?
In the United States we are aware of the divide between the
rich and the not so rich. And it doesn’t have to be in observable actions.
Sometimes it is in ways we treat others.
Our children are watching.
They observe how we use our money. Do we spend more than we
make or do we carefully handle what we have?
This book helps a person think through the question.
I enjoyed the idea of
teaching giving. Start with three jars labeled give, save, and spend. Then
explain to the child that a portion of each allowance is to be divided evenly
between the three jars.
They have the freedom to use the spending jar anyway they
wish, but once it is gone it is gone until it is replenished.
I found this easy to follow and it seems to be useful.
When your child asks you a question like” are we rich?” you
could just ask back, “why do you ask?” Find out why they are asking. And answer
only what they are asking. But do have the conversation.
Don’t change the subject.
This book will help firm you up to what needs to be covered.
As I said above, it is easy to understand and I found it enjoyable.
It is written more for the parent than the child.
It is published by HarperCollins and 213 pages with notes, bibliography,
and index adding 26 extra pages.
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