From pocket money to "first pot of gold"

Author: (USA) Bodnar, J. (Author), Qian Xinhua, Li Houqi (Translator)
Publisher:
Publish Date: 2007-01-01
Features: As a parent, do you think it's better to delay exposing your child to money? Do you often struggle with these questions: Should you give your child an allowance? How much allowance is appropriate? Should you let your child know the family's financial situation? How do you deal with blind comparisons among children? In this book specifically designed to explore how to cultivate your child's financial literacy from an early age, the author provides concrete examples and dedicated methods to address the concerns that plague parents. The book guides parents in giving allowances to children in a scientific and reasonable manner, teaches children to learn budgeting, saving, and making their own consumption decisions through the use of allowances, helps children recognize the misleading nature of commercial advertisements, avoid negative influences from peer comparisons, and learn the skills of saving and investing from a young age. Through social practice, they can also develop an entrepreneurial spirit and a sense of social responsibility. Cultivating financial literacy also cultivates entrepreneurial ability.