It’s never too early to start learning about personal empowerment!
Financial literacy is one of the most important life skills that a person can learn. Unfortunately, many people don’t receive adequate financial education until it’s too late. This is why it’s so important to teach kids financial literacy early on in life. Teaching kids about money management and how to save for the future can help them avoid debt and build a solid financial foundation for themselves. Financial literacy isn’t just about learning how to balance a checkbook or invest in stocks – it’s about understanding the basics of money and how to use it responsibly.
So if you want your kids to have a bright financial future, start teaching them financial literacy today!
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Darius Wants A Dog
Darius Wants A Dog
In this first installment of The Financially Fit Kidz series, Darius teaches young readers about budgeting, leadership, and that it’s okay to change your mind.
Darius wants a dog, but he doesn’t know if he wants the responsibility. When Darius asks his dads for a dog, they let Darius babysit his aunt’s dog first. While it’s so much fun to play with the dog, Darius must learn about how to budget for things like food and toys, how to make time for a pet, and that owning a dog isn’t all fun all the time.
Tip Sheet Included
Parents will also find a fun and easy-to-use tip sheet in the back of the book that will help them start conversations with their kids about financial responsibility.
Also available at:
Darius and his Dads are excited to announce that 10% of the profits from Darius Wants a Dog will be funneled into marginalized communities and non profit organizations to help in increasing financial literacy for children. This is just one way that the Financially Fit Kidz series is working to empower young readers all over the world!
Get Your Child Started on the Path to Financial Success
When teaching children about money, too many schools are leaving them behind. However, this slowly changing trend leaves the responsibility of teaching money management to parents and guardians, who may not have learned the sufficient financial skills needed to do so.
In a study conducted in 2020 by Audra R. Sherwood, of Walden University, reports that:
%
of Americans are financially illiterate and unable to manage their finances
In an article by Chris Melore on Study Finds, his post highlights a survey involving 2,000 American parents with children between ages 8 and 14. His article reveals;
Financial literacy teaches students how to manage their money, understand debt and make sound financial decisions – something that will benefit them for the rest of their lives.
So what can parents do to help supplement what their kids learn in school about money?
1. Start Early
Kids need to start learning about money as early as possible. Help them develop good habits when their young, and they’ll be more likely to stick with them later in life.
2. Set Goals
Teach your kids how to set achievable financial goals – like saving up for a new toy or taking a trip – and help them figure out how much money they need to save each month in order to reach those goals.
3. Play Fun Engaging Games
There are lots of fun ways for kids to learn about money, like playing Monopoly or counting coins. Get creative and see what works best for your family.
4. Talk Openly
It’s important for parents to talk openly with their kids about money – both the good and the bad.
When kids understand where money comes from and what it’s used for, they’re more likely to make smart financial decisions when they’re older.
Start using these tips today. Your kids will thank you in the future!
Set Your Kids Up for Financial Success
About the Authors
Bob Wheeler CPA
As a man of true integrity with infectious energy, Bob Wheeler’s crusade for personal growth has cross- pollinated with his accounting practice to create a new approach to personal finances. His passion is to help others gain insights about how their emotions trigger financial decisions. Combining finances with behaviors, Bob explores his personal concept of creating a healthy relationship with money in his book, The Money Nerve: Navigating the Emotion of Money.
Dr. Philip D. McAdoo
Philip served as the former Director of Equity, Justice and Community at the Sidwell Friends School in Washington, DC. He is a proud father and author of two books: Every Child Deserves and Independent Queers: LGBTQ Educators in Independent Schools Speak Out. He is currently the Founder and Chief Operating Officer of Philip McAdoo Diversity and Inclusion Consulting, LLC (philipmcadoo.com). He lives in Atlanta with Sean, his partner, Zaden, his son and Bart-ley, their wondrous dog.
