I have been getting a lot of emails asking about good books for teaching a child about personal finance. So, today I decided to take some time and discuss this topic. One of the most effective tools for teaching your child about money is a book. Books may not be as popular as they once were with kids but they are still incredibly useful. A good book can open up a previously undiscovered world to your child. There are financial books available for everyone from kindergarten to college aged. Here are some great books for teaching your kids about finances.
Ages 4 to 8
This book teaches kids how to handle money and what it can be used for. It includes tear out checks so that they can learn about a checking account.
Children learn about saving money and working for money by reading an interesting story about the Berenstain Bears.
Ages 9 to 12
Kids and preteens can learn everything from how money works to how to open a bank account online. This book will teach kids the value of a dollar and some introductory information on investing.
This book contains a number of different exercises that teach kids the basics of savings and investing.
Ages 12 & Up
This is my favorite investing book for teens and adults that are new to investing. It’s a good investing 101 primer.
This is an interesting book on money management. It covers every topic including saving, budgeting, investing, and dealing with debt.
This is a personal finance classic with useful strategies for living a debt free existence.
An incredibly easy to read book that can be read in one night. It contains simple principles that can help anyone build wealth