Teach a Kid to Save - by Stephen Day (Paperback)

About the Book

This comprehensive guide helps parents teach their children about money through a fun and practical mini-economy system. Kids get hands-on experience with earning, saving, spending, and even entrepreneurship, making financial education engaging and effective.

Book Synopsis

Some of the toughest choices we make in adult life are about money. If we feel ill-equipped to handle our own finances, how can we teach our children to earn, save, and spend wisely?

Teach a Kid to Save is your go-to, hands-on guide to teaching your kids important concepts surrounding the wise use of money and helping them practice managing money through an innovative, interactive mini-economy. In the mini-economy, your kids have jobs, earn a play-money income, make a plan for their money, shop at the household store, and even create their own businesses! The mini-economy makes learning about money fun and memorable, helping your kids create healthy lifelong habits that will serve them well.

With chapters on work, rest, generosity, saving, spending, and entrepreneurship, as well as a quick-start guide, templates, visual aids, resources for parents (to get money conversations started), a special appendix for homeschools, and research on teaching kids about money, Teach a Kid to Save is the all-in-one resource you've been waiting for.

About the Author

Stephen Day is a term associate professor in the Virginia Commonwealth University (VCU) School of Business, director of the VCU Center for Economic Education, and chairperson of the Virginia Jump$tart Coalition for Personal Financial Literacy. He is the author of many peer-reviewed articles about how to teach kids about money, and his ideas have been featured in Forbes and Junior Scholastic. He has helped hundreds of teachers create mini-economies in their classrooms, and he runs a household mini-economy with his own children.