Kids books on money..

Discussion in 'Living Room' started by Beginner1, 10th Dec, 2020.

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  1. Beginner1

    Beginner1 Well-Known Member

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    Does anyone have any recommendations for kids books introducing them to money, saving, investing concepts? For upper primary/early high school kids in an Australian context. The books seem mostly targeted at parents.
     
    Last edited: 10th Dec, 2020
    Beginner1, 10th Dec, 2020
    #1
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  2. Shogun

    Shogun Well-Known Member

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    Me I would
    Buy them some "shares" with Comm Pocket.
    Teach them about the compounding effect.
    Budgeting .
    Saving, Why you need them. For emergencies and wants eg holidays etc
    Dangers of credit for "wants". How much it really costs.
    Not sure books are the best way to teach kids about money
     
    Shogun, 10th Dec, 2020
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  3. Millie

    Millie Well-Known Member

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    The Barefoot Investor for Families: How to teach your kids the value of a buck.
    By Scott Pape.
     
    Millie, 10th Dec, 2020
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  4. Lizzie

    Lizzie Well-Known Member

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    There is a RichDad PoorDad for Kids book ... his adult book was my "aha" moment so might be worth having a look
     
    Lizzie, 10th Dec, 2020
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Scott No Mates, 10th Dec, 2020
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  6. Shazz@

    Shazz@ Well-Known Member

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    Don’t need a book. Teach them yourself
     
    Shazz@, 10th Dec, 2020
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  7. skater

    skater Well-Known Member

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    Try Richest Man in Babylon. It's not exactly a kids book, but reads like a story, and easy to understand.
     
    skater, 10th Dec, 2020
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  8. Lizzie

    Lizzie Well-Known Member

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    It's a great read ... but also reads as fiction so it didn't resonate with me personally
     
    Lizzie, 10th Dec, 2020
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  9. skater

    skater Well-Known Member

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    Yeah, it does, but I've found that for some people it's great. Another one is The Wealthy Barber. Again, it reads like a story, is really easy to read and suitable for teens.
     
    skater, 11th Dec, 2020
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  10. Angel

    Angel Well-Known Member

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    We had a Noel Whittaker book that I have given away to older teens. I think it is called Getting it Together. It was published a long time ago - I wonder if he has done an update.
     
    Angel, 11th Dec, 2020
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  11. 2FAST4U

    2FAST4U Well-Known Member

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    Making Money Made Simple by Noel Whittaker is another great book.
     
    2FAST4U, 11th Dec, 2020
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  12. datto

    datto Well-Known Member

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    What about Form Guides?

    [​IMG]

    It's got nice photos and the thumbs up. lol.
     
    datto, 11th Dec, 2020
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  13. Redwing

    Redwing Well-Known Member

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    Redwing, 12th Dec, 2020
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  14. Scott No Mates

    Scott No Mates Well-Known Member

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    Are you teaching your kids how to run a book? Definitely a skill worth knowing.
     
    Scott No Mates, 12th Dec, 2020
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  15. Redwing

    Redwing Well-Known Member

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    Redwing, 12th Dec, 2020
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  16. Beginner1

    Beginner1 Well-Known Member

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    Beginner1, 13th Dec, 2020
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  17. Redwing

    Redwing Well-Known Member

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    Not sure what this one is like, but $19 at BigW

    Shareplicity

    upload_2020-12-14_13-42-47.png
     
    Redwing, 14th Dec, 2020
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  18. Redwing

    Redwing Well-Known Member

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    Also $19 at Big W, another Australian Book

    Money School

    upload_2020-12-15_6-52-42.png

    Amazon reviews are always a good resource

    I'm a big Noel Whittaker fan though; The Beginner's Guide to Wealth: To the Young People of the World here on Google Play for $6.76 (e-book)
     
    Redwing, 15th Dec, 2020
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  19. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Yes.
    Even if they read a book they may not understand it or absorb the concepts.
    Be the mentor that you never had yourself.
     
    Ace in the Hole, 15th Dec, 2020
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  20. Lizzie

    Lizzie Well-Known Member

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    I took a year of accounting at school, worked two years as a teller in a bank, and still didn't understand the concept of debits and credits until explained in Rich Dad Poor Dad ... for every deposit (wallet, bank account, shop till) they had to be a withdrawal (wallet, bank, shop till)

    Unless you're the government, where you simply print the damn stuff
     
    Lizzie, 15th Dec, 2020
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