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I appreciated the Dave Ramsey baby steps, but what does he believe in teaching your kids about money & responsibility?
On his website page about kids books, he clearly stated that “help your kids understand the importance of giving, saving, and planning to spend.” As such, it’s no surprise that Dave has some noteworthy books worth considering.
The books that will be mentioned in this article are poised to teach kids on becoming financially literate. Some of them also provide guidelines for parents to educate kids on money and responsibility.
Let’s review some noteworthy Dave Ramsey kids books:
1. Financial Peace Junior Kit
Financial Peace Junior Kit provides parents with all itineraries needed to raise financially conscious kids. The kit centers around four foundational principles; giving, saving, spending, and working. Financial peace junior is packed with resources, tools, and a step-by-step guide for parents.
Another intuitive feature here is that it’s made ultra-easy to understand. It gives out age-appropriate chores and introduces some fun, financial-conscious activities to kids.
Each section of this book has tools to make learning about money an integral part of both the parent and kid’s life. My kids love exciting toys and games. And I’ve seen changes in their savings, spending, and giving characteristics. The bulk of the changes experienced by my kids here was impacted through the fun stories in the activity book.
There’s a dry-erase board for kids to track their progress.
Summarily, I believe that this book doesn’t just provide tools to show kids how to win with their money, it shows them how.
2. Smart Money Smart Kids: Raising the Next Generation to Win with Money
I used to be a fan of purchasing books. So consistent in my knowledge-seeking drive that I can call myself an elliptic book reader. However, every book seems to be the same. More stories, little advice, and the same conclusion. Most books about teaching financial literacy to kids; are mostly filled with unrealistic advice that is difficult to follow.
However, in Smart Money Smart Kids, Dave Ramsey, and his daughter, Rachel Cruze teach parents how to manage money in the most effective way possible. They focus primarily on helping parents teach kids on channeling their resources towards productive efforts and also ensuring parents are a good example to their kids.
This audio file starts with some simple financial challenges that most parents face, then it graduates to other complex matters like debt avoidance, financial contentment, paying for college etc.
The most captivating feature of this file for me is Dave and Rachel’s common-sense approach to discussing issues. They made seemingly complex topics simple, and applicable. They also give in-depth information on the perks of each strategy they introduce.
3. Junior’s Adventures: Storytime Book Set
The Junior Adventures storytime book set has six fun-filled adventure books. From noticeable changes I experienced, these books help to teach kids how to handle money.
Beyond this, they’re written most entertainingly and colorfully possible to ensure kids are engaged with the book’s storyline.
From saving and working to spending and giving, the stories in this book help kids understand real-life lessons about money management. Also, the stories are fun enough to keep children engaged, so much so that they won’t know they’re learning. The set is very suitable for kids between ages 3 and 10.
The books in this set include;
- The Super Red Race
- The Big Birthday Surprise
- Battle of the Chores
- The Big Pay-Off
- My Fantastic Field Trip
My kids have learned great work ethics, prudence, giving habits, and how to manage debt with this book. It’s highly recommended for parents that want financially independent kids.
4. Junior Adventures Storytime Collection: Teaching Kids How to Win with Money
This book made me believe that it’s never too early to teach kids about finances. The book elucidates fun ways to educate your child financially.
The collection has a total of 6 books, among which three of them may be your kid’s favorite. Little Johnny is particularly interested in the super red racer, battle of the chores, and the big birthday surprise.
For the super racer, he particularly loves the idea of owning a bike that the storyline gives. He’s taught that although he has a flair for bikes, he has to work hard to own one. It’s been so impactful that he applies that idea to everything he desires to own.
Another super impactful section of this collection is the battle of the chores. It gives kids an idea of the dangers inherent in debt. It teaches them to make the right decisions, even when it’s tough. The big birthday surprise on the other hand helps kids appreciate their special day, and to inculcate the habit of giving on that day.
Through engaging storytelling and humor, the collection impacts kids with habits needed to win financially. I’m sure the knowledge here will remain useful for when the kids grow up.
5. Junior’s Adventure: The Boxed Set
Although there are many details for 3-year-olds to follow and understand in the book, it’s tailored to the needs of kids from ages 3-10. You can summarize some details for the kids as I think the knowledge is very helpful.
This boxed set isn’t just educational, it’s also fun to read for all age groups. As a first time parent, the book explains concepts that help to create an interesting routine around money management.
It teaches kids to understand giving even when they can barely count to 20 without skipping numbers.
It helps kids know their chores, be active in daily activities, and look forward to certain events in the future. Overall, I recommend it.
6. The Big Birthday Surprise: Junior Discovers Giving (Life Lessons with junior)
The Big Birthday Surprise focuses on a fictitious character called Junior, and he’s celebrating his birthday. The book teaches your kid what a birthday surprise entails. As it relates to money management, your kid learns how to give their finance and time to others.
The most interesting feature of this book is its intuitive use of cartoons to pass information.
I believe it’s best suited for kids between the ages of 5 and 10. However, the information therein is also informative to even me, so I think it’ll impact them with values they’ll find useful as your adults.
The entire book is 26 pages, so it’s a breeze through if parents guide kids to understand its content.
However, a major con to this book is its lack of empathy for kids raised outside the traditional homes. While it’s recommended for families, it’s not exactly ideal for kids in foster homes.
7. Juniors Adventures: The Boxed Set (Hardbook)
This box set of books offers parents one of the most unique ways to impact kids with noteworthy financial management skills. The information in the book is well depicted with cartoon characters to aid fast simulation in your chaps. It teaches kids how to work, save, spend and give. The book has wonderful stories that teach kids real-life stories, so kids can have fun and get educated at the same time.
This box set contains some of the best money books for kids in Kindergarten class. Junior Adventures are by far the favorite of most kids. Kids often ask for them to be read again.
The book on overspending was another favorite. It’s written in a way to help kids anticipate the sad outcomes of spending money on things that bring pleasure.
The book on work is another great read. It helps kids understand the importance of money, and the value it holds. I highly recommend this series to parents and guardians with a desire to teach their young chaps the money concept.
8. Investing for Kids: How to Save, Invest, and Grow Money
Investing for kids offers one of the most insightful information to teach kids great ways to manage money. For example, investing for kids is a perfect intro for 8–12-year-olds about money.
This book’s author believes people that learn about money early in life make the most of it. I agree with this school of thought. As such, I’ll agree that parents that want to make their kids learn about money value should introduce this book to their kids.
Investing for kids helps make kids money savvy, showing them how to earn it, and also make savings plans. It also introduces kids to investing and guides them on the importance of physical cash.
With some help from Investing Woman and Mr. Finance, this guide introduces young chaps to the world of bonds and stock. It also helps people know how to invest in them, and ways to build wealth with them.
It teaches kids the concept of “risk” and “reward.” It also teaches them how they can better diversify their portfolio.
Summary
I believe this book gives kids practical advice on money management and investment advice on the stock. The book also gives real-life examples that both kids and their parents can relate to. With the right guidance, I believe an average kid can learn how to make important lifelong decisions with this book.