Piggy Banks to Paychecks tackles the subject of money head-on in an easy-to-understand, friendly format. If you are a parent, grandparent, or teacher, or are otherwise involved in helping kids learn financial basics, this book is for you. In its pages, you'll find straightforward answers on saving, spending wisely, investing, and donating. You will find help in setting up an allowance plan for kids along with various methods of tracking savings and evaluating purchases. You will learn the language of money and be able to set your children on the path to fiscal responsibility.
It doesn't matter how old your children are or how difficult your financial situation is. It doesn't matter where you start to teach your kids about money. It doesn't matter what kind of allowance system you choose to set up with your kids. It only matters that you get started-right now-with the tools you have to work with and the knowledge you already have.
"Angie Mohr packs a lot of information into her pages, taking sophisticated financial concepts and turning them into ideas that parents and kids can understand and use. This will be a valuable resource for many families."
- Ellen Roseman, personal finance columnist, Toronto Star and Moneyville.ca
"The confidence to make good financial decisions throughout life can begin at home. That's why this book is important to you and your family." Evelyn Jacks, President, Knowledge Bureau and bestselling author of Essential Tax Facts.
Angie Mohr is a Chartered Accountant, Certified Management Accountant, and financial consultant. She has worked with thousands of clients over the years from mom-and-pop startups to rock bands and celebrity chefs. She is the author of the best-selling Numbers 101 for Small Business series of books and writes for Forbes, MSNBC, the Globe & Mail, Yahoo! Finance, Investopedia, and Motley Fool, among other financial publications. She splits her time between Canada and the United States and currently lives by the ocean with her husband and two children, who have finally learned that money doesn't grow on trees.
What Money Myths Are You Still Carrying Around?
In the same way that our kids learn money habits by what they see us doing, we likely learned them the same way—from watching our parents. It's time to examine what we think we know about money and put our financial beliefs to the test. Do we really know as much as we think we do? How many of these common money myths are you still carrying around?
1. My banker knows best how to invest my money.
2. If I spend less than I make, I don't need a budget.
3. It's too late to start saving for my kids' college or university tuition now.
4. My house is my best investment.
5. I don't need an emergency fund as long as I have room on my credit card.
6. I don't claim some deductions on my taxes because I don't want to get audited.
7. My job is solid. I get a raise every year.
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