I have been getting a lot of emails asking about good books for teaching a child about personal finance. So, today I decided to take some time and discuss this topic. One of the most effective tools for teaching your child about money is a book. Books may not be as popular as they once were with kids but they are still incredibly useful. A good book can open up a previously undiscovered world to your child. There are financial books available for everyone from kindergarten to college aged. Here are some great books for teaching your kids about finances.
Ages 4 to 8
The Berenstain Bears Dollars’ And Sense
This book teaches kids how to handle money and what it can be used for. It includes tear out checks so that they can learn about a checking account.
The Berenstain Bears’ Trouble With Money
Children learn about saving money and working for money by reading an interesting story about the Berenstain Bears.
Ages 9 to 12
The Everything Kids Money Book
Kids and preteens can learn everything from how money works to how to open a bank account online. This book will teach kids the value of a dollar and some introductory information on investing.
This book contains a number of different exercises that teach kids the basics of savings and investing.
Ages 12 & Up
The Motley Fool Investment Guide For Teens
This is my favorite investing book for teens and adults that are new to investing. It’s a good investing 101 primer.
The Complete Idiot’s Guide To Money For Teens
This is an interesting book on money management. It covers every topic including saving, budgeting, investing, and dealing with debt.
Adults
This is a personal finance classic with useful strategies for living a debt free existence.
An incredibly easy to read book that can be read in one night. It contains simple principles that can help anyone build wealth
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Buy Like Buffett – Make Money Investing The Warren Buffett Way
