Advertising
Advertising

8 Fun, Must Read Books for Kids That Teach Valuable Money Lessons

8 Fun, Must Read Books for Kids That Teach Valuable Money Lessons

It’s a popular complaint among young adults these days that their schools never taught them personal finances. How to balance a check book, how to do taxes, and the value of money. Since its less and less likely for schools to change their curriculum, that means it is up to parents to teach their kids how money works. Here are a collection of books to help teach your kids about money.

1. Lemonade in Winter: A Book About Two Kids Counting Money by Emily Jenkins

Money Lessons

    One of the earliest experiences a child has in becoming an entrepreneur is opening a lemonade stand. In this book, two kids open a lemonade stand in the middle of winter. It teaches some basic math and entrepreneurship and it also teaches kids that something may not be a good idea even if it sounds like one. If there is anything kids should learn early, it’s how to deal with disappointment so they can bounce back and try again.

    2. Bunny Money (Max and Ruby) by Rosemary Wells

    Advertising

    Money Lessons

      Learning how to budget money is an important skill to learn. In Bunny Money, Max and Ruby have saved up $100 to buy gifts for their grandparents. Unfortunately, some things happen and they have to spend some of it. It’s a great book to teach kids how to budget and save money. There are also some math skills involved and it teaches kids that emergencies can drain your wallet unexpectedly. It’s some life lessons definitely worth learning.

      3. Joseph Had a Little Overcoat by Simms Taback

      Money Lessons

        What happens when a kid breaks something? They immediately ask for another one! In Simms Taback’s Joseph Had a Little Overcoat, a child can see a story that shows the value of re-using things. In the story, Joseph’s overcoat is really nice but it starts to get worn. Joseph continuously re-uses the material from the coat to make other items until it becomes a cloth button. The book is great for teaching kids how to be frugal and the importance of re-using things. Until they grow up and get a good job, they may end up having to find creative uses for things they thought were ruined.

        4. Annie’s Adventures (The Sisters 8) by Lauren Baratz-Logsted

        Advertising

        Money Lessons

          The jungle of nonsense that is adult finances is tough enough to get a hold of even if you know what you’re doing. In Annie’s Adventures (The Sisters 8), Annie is put in charge of her parents finances. She has to figure out how to write checks, pay the bills, and balance a budget. It’s a delightfully lighthearted adventure that puts a fun spin on the basics of adult finance management. There are even elements of entrepreneurship and frugality. It’s a really great choice and it’s especially great for girls.

          5. The Lemonade War by Jacqueline Davies

          Money Lessons

            The Lemonade War is a humorous and fun adventure about two siblings who open two lemonade stands. They use some simple ideas to take their lemonade war to ridiculous heights and it’s a truly fun read for kids. The book teaches entrepreneurship, money management skills, how to implement ideas to challenge the competition, and other business-oriented lessons that are essential for tomorrow’s business leaders.

            6. Junior’s Adventures: The Boxed Set by Dave Ramsey

            Advertising

            Money Lessons

              Okay so this is actually a series of books rather than a single one but all of the books revolve around a central premise. In these books, Junior learns the value of working, saving money, spending money, and the pleasure of giving to others. They teach selflessness and how intelligent money decisions can allow you to have nicer things. Kids definitely need to learn the value of the dollar and this is a good series of books to do it!

              7. One Hen: How One Small Loan Made a Big Difference by Katie Smith Milway

              Money Lessons

                One thing that no one really learns before graduation high school is how to manage a loan. Or what you need a loan for. In this story, a boy from Ghana named Kojo takes out a loan and uses it to start a farm to feed and provide for his family. It’s based on true events and it’s a heart warming story of a boy who learns the value of money, how loans work, and how to start a business with very little.

                8. The Federal Reserve comics by The Federal Reserve

                Advertising

                Money Lessons

                  Yes friends, this is a real thing. The Federal Reserve has a host of comics that illustrate lessons about money. It is a comic and the situations are a little more mature than these other ones so we recommend either reading these to your kids or waiting until they’re old enough to understand them. The link above goes to the search page where you can download the PDFs of each comic for free.

                  Wrap up

                  There are a whole bunch of children’s books out there that teach a great number of things. A lot of them will come through personal experience or through school. However, money management is something that rests almost solely on parents. It’s tough to do but with books like these you can teach your child the value of a dollar and the value of work.

                  Featured photo credit: Indiana Public Media via indianapublicmedia.org

                  More by this author

                  10 Benefits of Sleeping Naked You Probably Didn’t Know 12 Inspirational Speeches That Teach You the Most Valuable Life Lessons 15 Most Effective Cool Down Exercises For Every Workout 10 Things Guys Love That You Didn’t Expect 20 Google Search Tips to Use Google More Efficiently

                  Trending in Money

                  1 How to Answer the Tough Question: What are Your Salary Requirements? 2 How Personal Finance Software Helps You Get More Out of Your Money 3 The Definitive Guide to Get Out of Debt Fast (And Forever) 4 35 Real Ways to Actually Make Money Online 5 30 Fun Things To Do With Your Friends Without Spending Much

                  Read Next

                  Advertising
                  Advertising

                  Published on November 8, 2018

                  How to Answer the Tough Question: What are Your Salary Requirements?

                  How to Answer the Tough Question: What are Your Salary Requirements?

                  After a few months of hard work and dozens of phone calls later, you finally land a job opportunity.

                  But then, you’re asked about your salary requirements and your mind goes blank. So, you offer a lower salary believing this will increase your odds at getting hired.

                  Unfortunately, this is the wrong approach.

                  Your salary requirements can make or break your odds at getting hired. But only if you’re not prepared.

                  Ask for a salary too high with no room for negotiation and your potential employer will not be able to afford you. Aim too low and employers will perceive as you offering low value. The trick is to aim as high as possible while keeping both parties feel happy.

                  Of course, you can’t command a high price without bringing value.

                  The good news is that learning how to be a high-value employee is possible. You have to work on the right tasks to grow in the right areas. Here are a few tactics to negotiate your salary requirements with confidence.

                  1. Hack time to accomplish more than most

                  Do you want to get paid well for your hard work? Of course you do. I hate to break it to you, but so do most people.

                  With so much competition, this won’t be an easy task to achieve. That’s why you need to become a pro at time management.

                  Advertising

                  Do you know how much free time you have? Not the free time during your lunch break or after you’ve finished working at your day job. Rather, the free time when you’re looking at your phone or watching your favorite TV show.

                  Data from 2017 shows that Americans spend roughly 3 hours watching TV. This is time poorly spent if you’re not happy with your current lifestyle. Instead, focus on working on your goals whenever you have free time.

                  For example, if your commute to/from work is 1 hour, listen to an educational Podcast. If your lunch break is 30 minutes, read for 10 to 15 minutes. And if you have a busy life with only 30–60 minutes to spare after work, use this time to work on your personal goals.

                  Create a morning routine that will set you up for success every day. Start waking up 1 to 2 hours earlier to have more time to work on your most important tasks. Use tools like ATracker to break down which activities you’re spending the most time in.

                  It won’t be easy to analyze your entire day, so set boundaries. For example, if you have 4 hours of free time each day, spend at least 2 of these hours working on important tasks.

                  2. Set your own boundaries

                  Having a successful career isn’t always about the money. According to Gallup, about 70% of employees aren’t satisfied with their current jobs.[1]

                  Earning more money isn’t a bad thing, but choosing a higher salary over the traits that are the most important to you is. For example, if you enjoy spending time with your family, reject job offers requiring a lot of travel.

                  Here are some important traits to consider:

                  • Work and life balance – The last thing you’d want is a job that forces you to work 60+ hours each week. Unless this is the type of environment you’d want. Understand how your potential employer emphasizes work/life balance.
                  • Self-development opportunities – Having the option to grow within your company is important. Once you learn how to do your tasks well, you’ll start becoming less engaged. Choose a company that encourages employee growth.
                  • Company culture – The stereotypical cubicle job where one feels miserable doesn’t have to be your fate. Not all companies are equal in culture. Take, for example, Google, who invests heavily in keeping their employees happy.[2]

                  These are some of the most important traits to look for in a company, but there are others. Make it your mission to rank which traits are important to you. This way you’ll stop applying to the wrong companies and stay focused on what matters to you more.

                  Advertising

                  3. Continuously invest in yourself

                  Investing in yourself is the best investment you can make. Cliche I know, but true nonetheless.

                  You’ll grow as a person and gain confidence with the value you’ll be able to bring to others. Investing in yourself doesn’t have to be expensive. For example, you can read books to expand your knowledge in different fields.

                  Don’t get stuck into the habit of reading without a purpose. Instead, choose books that will help you expand in a field you’re looking to grow. At the same time, don’t limit yourself to reading books in one subject–create a healthy balance.

                  Podcasts are also a great medium to learn new subjects from experts in different fields. The best part is they’re free and you can consume them on your commute to/from work.

                  Paid education makes sense if you have little to no debt. If you decide to go back to school, be sure to apply for scholarships and grants to have the least amount of debt. Regardless of which route you take to make it a habit to grow every day.

                  It won’t be easy, but this will work to your advantage. Most people won’t spend most of their free time investing in themselves. This will allow you to grow faster than most, and stand out from your competition.

                  4. Document the value you bring

                  Resumes are a common way companies filter employees through the hiring process. Here’s the big secret: It’s not the only way you can showcase your skills.

                  To request for a higher salary than most, you have to do what most are unwilling to do. Since you’re already investing in yourself, make it a habit to showcase your skills online.

                  A great way to do this is to create your own website. Pick your first and last name as your domain name. If this domain is already taken, get creative and choose one that makes sense.

                  Advertising

                  Here are some ideas:

                  • joesmith.com
                  • joeasmith.com
                  • joesmithprojects.com

                  Nowadays, building a website is easy. Once you have your website setup, begin producing content. For example, if you a developer you can post the applications you’re building.

                  During your interviews, you’ll have an online reference to showcase your accomplishments. You can use your accomplishments to justify your salary requirements. Since most people don’t do this, you’ll have a higher chance of employers accepting your offer

                  5. Hide your salary requirements

                  Avoid giving you salary requirements early in the interview process.

                  But if you get asked early, deflect this question in a non-defensive manner. Explain to the employer that you’d like to understand your role better first. They’ll most likely agree with you; but if they don’t, give them a range.

                  The truth is great employers are more concerned about your skills and the value you bring to the company. They understand that a great employee is an investment, able to earn them more than their salary.

                  Remember that a job interview isn’t only for the employer, it’s also for you. If the employer is more interested in your salary requirements, this may not be a good sign. Use this question to gauge if the company you’re interviewing is worth working for.

                  6. Do just enough research

                  Research average salary compensation in your industry, then wing it.

                  Use tools like Glassdoor to research the average salary compensation for your industry. Then leverage LinkedIn’s company data that’s provided with its Pro membership. You can view a company’s employee growth and the total number of job openings.

                  Advertising

                  Use this information to make informed decisions when deciding on your salary requirements. But don’t limit yourself to the average salary range. Companies will usually pay you more for the value you have.

                  Big companies will often pay more than smaller ones.[3] Whatever your desired salary amount is, always ask for a higher amount. Employers will often reject your initial offer. In fact, offer a salary range that’ll give you and your employer enough room to negotiate.

                  7. Get compensated by your value

                  Asking for the salary you deserve is an art. On one end, you have to constantly invest in yourself to offer massive value. But this isn’t enough. You also have to become a great negotiator.

                  Imagine requesting a high salary and because you bring a lot of value, employers are willing to pay you this. Wouldn’t this be amazing?

                  Most settle for average because they’re not confident with what they have to offer. Most don’t invest in themselves because they’re not dedicated enough. But not you.

                  You know you deserve to get paid well, and you’re willing to put in the work. Yet, you won’t sacrifice your most important values over a higher salary.

                  The bottom line

                  You’ve got what it takes to succeed in your career. Invest in yourself, learn how to negotiate, and do research. The next time you’re asked about your salary requirements, you won’t fumble.

                  You’ll showcase your skills with confidence and get the salary you deserve. What’s holding you back now?

                  Featured photo credit: LinkedIn Sales Navigator via unsplash.com

                  Reference

                  Read Next