For many parents, teaching their kids about money is a difficult task. There’s the struggle of deciding at what age should you start giving your kids financial pointers and more importantly, how do you make the subject fun? The new 9-part book series, M is for Money gives parents and teachers the tools to introduce kids to financial literacy. Readers will follow twins Tessa and Benji as they learn about money, budgeting, visiting a bank, saving and more.
The series is aimed at kids 5-9 and is written by Teresa Cascioli, a Canadian entrepreneur and has been named one of the Top 100 Canada’s Most Powerful Women by Women’s Executive Network. Since this series of books clearly isn’t aimed at people my age, I decided to enlist a friend to help with my M is for Money review.
M is for Money Review
I figured it would be best to have a child read the books before I did since I didn’t want to have a bias opinion before reading the books. I enlisted Callum, the 7-year-old son of one of my coworkers to help me with the review. Before reading the books he had limited knowledge of money so these books were the perfect way to introduce financial literacy to him. Let’s see what he had to say and what he learned.
Book 1 – The Little Piggy Bank – I learned in the 1st book that value of each coin and bills.
Book 2 – The Little Trip to the Bank – I learned in the 2nd book that making a lemonade stand is a good idea to make money.
Book 3 – The Little Lemonade Stand – I learned in the 3rd book about the bank.
These reviews are a bit short but if you think about it, they’re perfect. Callum was able to learn the basic concepts of financial literacy. As a grade 2 student, this was the first time he was ever introduced to the concepts of money and he was able to understand them. With these books, parents get to decide when the right time is to get their kids thinking about money.
How adults can get involved
Although the books can easily be read by kids on their own, I think it’s a great idea to read these books with your kids. Financial literacy isn’t really in the education system so the earlier you can get your kids understanding basic concepts, the better they’ll do in the long run. Some adults I speak with don’t even understand what compound interest is, but with these books, you can teach your kids to start making money and saving of course.
To be honest, books about money aren’t exactly exciting no matter how old you are so the added activities at the end of each book are genius. There are look & find games, matching games, lemonade recipes, and much more if you visit www.misformoney.ca.
If you’ve always wondered how to teach your kids about money, the M is for Money is the perfect introduction. The lessons introduced here are just as relevant to adults, heck I honestly some adults should read these books for their own personal knowledge. The complete series is available online and at Indigo/Chapters across Canada.