Children have a hard time understanding the concept of money. For a significant portion of their lives, things are handed to them. Even if they work to earn an allowance, it can be hard to truly understand the importance of managing money and developing the necessary skills for making smart financial decisions later in life. However, financial guru Dave Ramsey has set out to change that.
Through his series of books designed for children aged 3-12, Dave Ramsey seeks to instill financial skills in children early in life. In books such as The Super Red Racer, kids learn about earning money to get the things they want and Careless at the Carnival helps them learn to budget that money and choosing wisely how to spend it on fun. Children also learn valuable lessons about giving and acting with integrity through books such as The Big Birthday Surprise and A Special Thank You. His book series also features stories on debt and saving.
It may be hard to believe that six short picture books can teach kids the skills needed to experience financial success, but Dave Ramsey’s books have the potential to do just that. Combined with his other Financial Peace Jr. tools kids can start to become motivated to earn money and start spending it wisely. While they may not have a lot of money to work with while they are young, the habits will stick with them. As they transition into adulthood the lessons from the simple picture books will stick with them.