This is a book written to help parents teach their kids about money. And it 100% hits the mark.
What I loved about the style is that the author speaks to parents as a parent. Not as someone who knows it all but has been there, done that, and learned. The book is divided into various sections with practical activities at the end. Those are what make this book special. It is easy to tell someone what they should do, but it can be hard to implement. These activities are a guideline for discussing financial literacy with our kids.
Right from the start, I can relate to Clifton as he shares the pitfalls of his first credit card. And much like him, I don’t want my kids to fall into that same trap. Digging yourself out of debt is much harder than learning about what to do to stay out of debt in the first place.
But it isn’t just about debt. The book outlines money concepts – piggy jars (not banks – clear so you can see the money), allowance (not for chores!), interest, and much more. It isn’t a budgeting book. It is a financial literacy book.
Finally, I appreciate how he reminds parents to take it at their kid’s pace. Some kids will be able to identify money denominations faster than others, some kids will really get into investing, the point is all kids are different and this book is only a guideline.
Definitely worth a read for all parents.
For more resources go to cliftoncorbin.com