Hopefully you’ve checked out our #OMFBack2School blog and you’re now totally (or at least mostly) prepared for the school year ahead.
In between reading the classics, try to sprinkle in a book that teaches a money lesson. With everyone from preschoolers to parents in mind, check out our top picks for readers at every level.
[Ed. Note: The authors listed below do not sponsor or endorse OneMain Financial.]
For Young Kids:
“Lemonade in Winter: A Book About Two Kids Counting Money” by Emily Jenkins
Recommended for preschool to second-grade students, this picture book teaches children some easy-to-understand lessons in counting, spending and earning money. The last page even breaks down all the different types of coins and explains how much each are worth. With this on the shelf, story time is about to make a whole lot more cents!
This book uses kid-friendly terms to break down the basics of savings accounts, bonds, stocks and even mutual funds. By the time their piggy bank is full, they’ll have all the info they need to let their investing days begin.
Now that they’ve got their allowance saved up and maybe some birthday money in their pocket, this’ll help teens learn what to do with it. Winner of the 2015 EIFLE (Excellence in Financial Literacy Education), this personal finance book is a great building block for a solid financial future.
“The Money Savvy Student” by Adam Carroll
With graduation in their sights and perhaps some paychecks rolling in from that first job, it’s crucial for high-schoolers to focus on their finances. This book opens by challenging the reader to tally up all the costs of their life (clothes, cell phone plan, etc.), showing how fast expenses add up.
“Make Your Kid a Money Genius (Even If You’re Not)” by Beth Kobliner
You don’t have to be a financial guru or an economics professor to teach your kids about money. This guide is written for parents of all income levels, and it’s loaded with tips for children from age 3 all the way up to 23. Or in other words, from their first dollar to their first car.
On Your Mark, Get Set, Read!
Start young, both with reading and with learning the basics of money management. Even if it takes a little extra encouragement to get them started, your kids will thank you someday down the road.