From Pocket Money to First Fortune: How to Cultivate Your Child's Financial Literacy and Entrepreneurial Skills

Author: (USA) Bordon
Publisher:
Publish Date: 2006-10-01
Features: As a parent, do you feel it's better to delay teaching your child about money? Do you often worry about these issues: Should you give your child an allowance? How much allowance is appropriate? Should you let your child know the family's financial situation? How to deal with blind comparisons among children? In this book specifically designed to explore how to cultivate children's financial literacy from a young age, the author provides concrete examples and dedicated methods to address the questions that trouble parents. The book guides parents in giving allowances to children in a scientific and reasonable way, teaches children to learn budgeting, saving, and making their own consumption decisions through the use of allowances. It helps children recognize the misleading nature of commercial advertisements, avoid the negative influence of peer comparisons, and learn the skills of saving and investing from a young age. Through social practice, it fosters an entrepreneurial spirit and a sense of social responsibility. Cultivating financial literacy also cultivates entrepreneurial ability.