Penny Saved

by Tad Richards, Neale S. Godfrey

A guide for parents offers advice on how to teach children the value and uses of money with sections on goal setting, budgeting, saving, understanding the difference between self-worth and net-worth, and ethical behavior. 100,000 first printing. National ad/promo.

Genres: Parenting

240 pages, Hardcover

First published May 10, 1995

Reviews

[Stephanie · Rating 3 out of 5]

This is a very useful book. Godfrey presents some good ideas and I will definitely incorporate some into our family discussions and practices. Some strategies I know that I wouldn't use and that's fine, as there are lots that I will. A worthwhile read for most parents, I would think...

[Sangeetha · Rating 4 out of 5]

It’s a very useful book for people of any age. Some of the things the author thinks you could make 3-year-olds do, like earning and saving money, calculating taxes and shopping on their own may sound ridiculous(not that I know kid behaviour, just guessing), but the same tips could be very useful to the adult reader. I may not need all of these tips now but I am sure I’ll read this book a second time in the fairly distant future, when the need arises. For now the biggest thing I’ll be taking from this book is time budgeting.

[Melissa McCauley · Rating 3 out of 5]

Godfrey gives very practical advice and examples of how to introduce your children to the concept of money as pre-schoolers, and continues with age-appropriate ideas to apply through the teen years and beyond. The point is to raise conscientious, ethical children and the financial knowledge is just the by-product. Includes many charts for introducing budgeting, saving, planned gifting, chores and allowances, etc.

[Laura · Rating 5 out of 5]

Actually, I'm reading this book and it is full of great ideas for teaching children about money--what it is, how it's used, the place it should have in their lives.

[Beverly Sommer · Rating 4 out of 5]

Great ideas to teach young children financial responsibility..... Tools I hope to use in the future.