Synopses & Reviews
The need for financial savvy is ever increasing. With university tuition and housing costs rising, parents want to ensure that their children learn the basics of earning, saving, and managing money. This is an indispensible life skill, yet it is not taught in most schools. Parents are left to pass on this skill to their children— even though they usually lack tools at hand to teach it. And, sadly, most parents do not have the underlying knowledge of finance and budgeting to be able to help their kids.
“Piggy Banks to Paychecks: Helping Kids Understand the Value of a Dollar” is a practical approach for parents to help their children learn the critical money skills that aren’t taught in schools, like earning and saving money, budgeting, understanding taxes, and running a business. Each chapter tackles a different skill and includes interviews with parents and kids from across the country, and worksheets and checklists to help both parent and child on their financial journey. Mohr also includes fun games and activities to reinforce and hone kids’ (and parents’) money smarts!
Angie Mohr’s extensive experience as a professional accountant and management consultant guides the book’s content and scope, but it is her face-to-face experience with thousands of individual clients and readers in both Canada and the United States that gives Piggy Banks to Paychecks its uniquely readable style and tone.
Parents will learn how to talk to their kids about:
• The law of supply and demand
• Earning money
• Saving money
• Wise spending choices
• Banking and credit
• Basic business principles
• Taxes and how they relate to budgeting
• Insurance basics
• Allowances
• Budgeting
Synopsis
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.
About the Author
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.