Teaching Your Kids About Money: The Basics [NOOK Book]

Overview

Plato said, "Let parents bequeath to their children not riches, but the spirit of reverence."

That old guy knew what he was talking about. As parents, we are not just responsible for providing food, clothing and shelter for our kids. We are also responsible for teaching them about God and life — and money...
See more details below
Teaching Your Kids About Money: The Basics

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$2.99
BN.com price

Overview

Plato said, "Let parents bequeath to their children not riches, but the spirit of reverence."

That old guy knew what he was talking about. As parents, we are not just responsible for providing food, clothing and shelter for our kids. We are also responsible for teaching them about God and life — and money is a part of life!

Parents are often scared to talk to their kids about money.

Some lessons mean admitting mistakes; others signal unattainable goals. But the consequences of not imparting those lessons on your own kids could be more consequential than ever before. Unlike parents, who may have a pension and employer provided health insurance -- most children now need to understand much more than basic budgeting. Big brother does not have anyone's back anymore.

Kids will need to understand how to save for their own retirement, manage health care costs and even cope with diminished Social Security benefits. Sounds like this is jumping the gun? It is not.

Proper preparation of your children, even at a young age, can start them down the path of a successful financial life.


You should talk early and often. Children should start learning about money long before their first savings account, job or credit card. Begin the conversation even before they are in school by talking about work and money. Avoiding the subject until your child needs a bank account can make the conversation hasty and confusing.

Everyday activities are teachable moments. A trip to the grocery story is a good time to explain price comparison, value and inflation. An ATM stop offers a chance to explain that money doesn't actually come from a machine. You can discuss earned income, investment returns and even inheritance. Opening bills is a chance to talk about payment for services, credit card debt and interest rates. Children need to be taught about debt, specifically loans and credit cards. Talk about insurance with teens, especially as they learn to drive or as you're selecting what health care options are available to your family.
Read More Show Less

Product Details

  • BN ID: 2940016041391
  • Publisher: James Mazzola
  • Publication date: 1/24/2013
  • Sold by: Barnes & Noble
  • Format: eBook
  • Sales rank: 1,154,653
  • File size: 79 KB

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)