Financial Literacy for Kids

Moneymanagement is a learned skill. If you give a cave man a wad of cash, he'd probably eat with it. A smarter one might wipe his... anyway. Learning to build wealth is an important skill for young people. Having money undoubtedly makes life easier. Money is the #1 thing married people fight about and, most people believe that money is the only thing standing between them & their dreams.

I believe that, as parents, one of the most important things we can do is to raise our children without financial struggles. By sharing our money woes with kids, we're just TEACHING them to stress over money and complain about it.

I was raised by divorced parents. One of them is a money magnet while the other repels money. I've decided to raise my kids to be money magnets, by listening intently to my "money magnet" parent's advice and learning from the wealthy, rather than the poor.

One thing we're doing in our house is having open and honest discussions about money and immersing ourselves in financial literacy texts. The Uncle Eric books and the Robert Kiyosaki books are some of our favorites, I've reviewed them below.

I found another curriculum, that's distributed for free, from the Federal Reserve. Just for kicks, we downloaded it and plan to compare what they're teaching to what the "real" books are teaching.

So far I'm a big fan of Uncle Eric.