Thursday, April 29, 2010

Teaching "money management" to kids

My kids often get dollar bills in the mail from their grandparents and aunts. In fact, Princess Mimi thinks every letter that comes in the mail should have money inside, if it does not, she cries and whines. (Yes, my drama queen!)

We got her a little bank and have tried to explain to her that she should save some of her money and not spend it all in one place, but at such a young age, she has not yet caught on to that concept.

Well, if you are in the same boat, I recommend the children's book, Feeding Penny Pig. Written by Jeannine "Mimi" Fox, a grandmother and financial planner from Texas, the book tells the tale of a little girl and her beloved piggy bank. The story aims to teach children lessons of financial responsibility that will help them avoid common pitfalls when they get older.

The book can be found online at, Amazon, and other major bookstores.

Disclosure: I received a copy of the book, Feeding Penny Pig, in order to write this blog post.

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