In the book, Chinkee Tan would emphasis that parents should be role models when it comes to money matters. While the book aims that our kids learn to be money wise, parents themselves will benefit a lot by reading the book. There are wonderful tips from cover to cover. It has the right balance of explaining the concept and in giving out the practical side that you can apply right away. Chikee Tan’s Raising Up MoneyWise Kids book is a good book to help parents raise kids who will become financially free. I was looking for a book that will help me teach Gab about money values and this book is a good start. Nonetheless, it doesn’t dilute the message of the book.
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I hope they can correct them in the next printing. There are just a few but it’s irritating to see them. One problem with the book though are some glaring errors that the editorial team have missed. Other resources are about kids with bad spending habits, rewards and incentives for kids, and for parents to become good role models. Obviously, I can’t teach Gab about investing in the stock market, right? So the book Raising Up MoneyWise Kids has a suggested outline on what money lessons and activities to teach for kids who are 2-5, 4-5, 6-8, 9-12, and 13-15 years old. There is an Age-by-Age Guide in Teaching Kids about Money. I personally like the additional resources given in the book. A lot of these tips have been proven to be effective since Chinkee used them personally when he was raising his own kids. But keep reading and the book will provide practical tips and actionable items that you can apply and practice with your child right away. This part can be repetitive and redundant at times. The Raising Up MoneyWise Kids book discusses a lot on the WHY we should teach these money lessons for kids. The list is easy to teach anyway. But the book was able to offer more that is why still decided to buy it. Getting Into Debtīy just reading these 10 lessons listed at the back of the book you can simply start teaching them to your child already. The 10 Life Changing Money Lessons For Your Child listed in the Raising Up MoneyWise Kids book are: The books outlines The 10 Life-Changing Money Lessons for your Child and I find them very helpful in choosing the topics that I should focus on. I have read several books about personal finance and it is hard to pick which topic to start teaching kids about money.
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I bought the Raising Up MoneyWise Kids book at National Bookstore for 400 Pesos.
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Since Gab will be getting his first allowance, I was looking for resources on how to get him started to be financially literate.Īll throughout my academic year, Personal Finance was never taught in school. But after graduating and earning my first salary, I learned how important financial literacy is.