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Beyond Piggy Banks and Lemonade Stands: How to Teach Young Kids About Finance
Beyond Piggy Banks is written for you: the loving, responsible and overworked parents of young children. It takes the stress and mystery out of finance, and focuses on the basic fundamentals elementary children should understand so they can make smart decisions as they grow. This usable, light hearted, real-world guide provides parents with the specific tools and step-by-step lessons needed to teach their child. The lessons provided are easy to teach and understand. The activities are quick, enjoyable and educational. Each concept starts with the basics, and builds upon them so your child has a full understanding of the topic. The chapters are broken out into simple and digestible sections, made for busy parents who don’t have time for a finance novel. Most of all, the book focuses on how to incorporate teaching finance to your child through everyday real-world activities that you and your child are already doing.
This book provides parents with the confidence to teach simple financial basics to children. With that confidence comes excitement and inspiration; by teaching your children about finance you will influence every step of their lives in a positive and meaningful way. The ultimate goal of this book, and of any parent, is to raise healthy, independent and responsible children; kids who are prepared when adulthood hits!
This book provides parents with the confidence to teach simple financial basics to children. With that confidence comes excitement and inspiration; by teaching your children about finance you will influence every step of their lives in a positive and meaningful way. The ultimate goal of this book, and of any parent, is to raise healthy, independent and responsible children; kids who are prepared when adulthood hits!
176 pages, Hardcover
Published September 9, 2019
17 people are currently reading
995 people want to read
About the author
Liz Frazier
1 book15 followersLiz Frazier is a Certified Financial Planner specializing in financial planning for families and working professionals. Her goal is to alleviate the anxiety that surrounds finances and provide simple and painless advice for all of life's stages and changes.
Her passion for teaching children finance began soon after she started her practice. She realized how intimidated most people were about finance - for good reason! They had never been exposed to it, so of course they weren't comfortable with it. She realized that if everyone was taught the basics as a child, it would take the mystery and fear out of finance. Starting out life with a base understanding would lead to financially healthy behavior, smart decisions and financial confidence as an adult.
She is also a regular finance contributor on Forbes.com, focusing on everyday personal finance that anyone can understand and use; her articles provide real world simple, accessible, and entertaining financial advice.
In addition to her CFP, Frazier holds an MBA from Wake Forest University and is a member of the Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA). She joined her family's firm, Frazier Financial Consultants (FFC), in 2014. FFC has been providing money management and financial planning since 1986.
Frazier lives in Westchester NY with her husband and children. Outside of work, she can be found playing dinosaurs with her toddler son, on "movie dates" with her five-year-old daughter, conducting science experiments with her nine-year-old stepson, or sneaking away for the much needed date night with husband and friends.
Readers can connect directly with Frazier on her website at lizfrazier.com or on her firm's website at frazierfinancialconsultants.com.
Her passion for teaching children finance began soon after she started her practice. She realized how intimidated most people were about finance - for good reason! They had never been exposed to it, so of course they weren't comfortable with it. She realized that if everyone was taught the basics as a child, it would take the mystery and fear out of finance. Starting out life with a base understanding would lead to financially healthy behavior, smart decisions and financial confidence as an adult.
She is also a regular finance contributor on Forbes.com, focusing on everyday personal finance that anyone can understand and use; her articles provide real world simple, accessible, and entertaining financial advice.
In addition to her CFP, Frazier holds an MBA from Wake Forest University and is a member of the Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA). She joined her family's firm, Frazier Financial Consultants (FFC), in 2014. FFC has been providing money management and financial planning since 1986.
Frazier lives in Westchester NY with her husband and children. Outside of work, she can be found playing dinosaurs with her toddler son, on "movie dates" with her five-year-old daughter, conducting science experiments with her nine-year-old stepson, or sneaking away for the much needed date night with husband and friends.
Readers can connect directly with Frazier on her website at lizfrazier.com or on her firm's website at frazierfinancialconsultants.com.
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Displaying 1 - 9 of 9 reviews
November 19, 2019
This is a book for parents to help you teach your children about finance. Truthfully, it can just as easily be a remedial Econ class for parents. The book is thorough. It covers everything from what are coins and dollars to investing in the stock market. Better yet, it’s easy to read and understand. My favorite parts are the activities in each section. I love the games and real life ways to help kids practice all of these financial topics because I truly believe that’s how they’ll learn best. An impressive guide for parents into the scary world of preparing your child for financial success...or at least competence.
October 2, 2019
“Beyond Piggy Banks & Lemonade Stands: How to Teach Young Kids About Finance (and They’re Never too Young)” – A book review
Have you ever read a book and thought, “Dang, I wish MY parents had had that book when I was younger?!” That’s the thought that kept running through my head with every page turn. “Beyond Piggy Banks & Lemonade Stands: How to Teach Young Kids About Finance (and They’re Never too Young),” by Liz Frazier is the BEST! I learned an incredible amount of information related to finances, saving, budgeting, goals, money (in general), tips/tricks, etc!
She goes into great detail with every phase of life that your child or children enter. The concepts are easily broken down with “bite-size” pieces for parents to read and follow along and put into practice. It’s great because she acknowledges that not everyone is doing great financially – but that’s the whole point of the book – so that we, as the “next generation” of parents, can help guide our kids down the right path to *hopefully* avoid financial failure in the future!
Each chapter of the book has several ideas on fun games to play with your kids that introduce them to different aspects of how finances work. For example, for the slightly older kiddos, there’s a section about setting up a grocery store. Gather a bunch of folks that you’re close to and everyone plays a specific role – store owner, customer, baker, produce section attendee, cashier, etc. Let your child play each role to get a feel for how being in that role would actually be like in real life! There’s always an angry/irritable client who wants to argue price; the store owner wants to mark up prices to make more money; the cashier may choose to be lazy and not get those $0.02 from you that you owe, so you get less coins back (makes it easier on the cashier – but would be a way to “throw” your kiddos off!). You get the idea!
Each chapter ends with a list of resources for you as the parent to help your kids further along. Do you have ANY IDEA how many APPS there are to help children build their financial smarts?! Apps that my 2 year old could benefit of! APPS that teenagers could enjoy that will definitely help them throughout their school careers! Another great resource that’s included are a lot of books/authors who have taken the time to teach certain practices/ideas to kids while simultaneously making it fun to read! Not everything about finances has to be boring to kids – it can be quite fun – especially if they get to follow flawed characters around while they’re learning what NOT to do themselves!
Not only is this a great book about savings, investments, and all of that jazz. It’s an excellent resource for teaching kids about the less fortunate and how to share! (Man - that can be SUCH a scary word when it’s related to money). But Ms. Frazier doesn’t just specify that kids should be sharing money – she goes into a plethora of other ways that kids can share. For instance, they can share their time, by volunteering at a soup kitchen or local animal shelter. They can share their “like new” toys with less fortunate children to make room for any new toys they might be gifted for their birthdays or Christmas. There are excellent resources listing a lot of great programs/places that kids can share or volunteer!
My husband and I already had/have several ideas that we want to implement with our kids in the future – and we’ve mentioned a handful of times to them that “mommy and daddy don’t have the money for that”; but being as my kids are only 1 and 2 at the moment, we really hadn’t started with them yet (not to mention, “mommy and daddy” aren’t in such a great financial spot themselves at the moment LOL). We’ve taken the proper steps to ensure our futures with setting up our 401K’s, investing in buying a home and other steps like that – but we’re definitely still of the living paycheck to paycheck bunch; like the majority of folks I know!
The best part of this book (in my opinion) can be broken down into two parts. One, it’s a book that I’ll be keeping on my bookshelves for YEARS to come. Two, this book touches on everything from the quintessential piggy bank, to investing, to taxes, to entrepreneurial activities (lemonade stand, anyone?) and beyond. It’s a great way to show your kids the basics and the complicated structure of the financial world. I simply can’t wait to begin introducing these concepts to my kids – and I encourage you, my readers, to do the same!
Send me your thoughts or any questions you may have! A huge thanks to Ms. Lindsey Brodowski @ Smith Publicity for giving me the chance to review this book! Always a pleasure!
Kelly Ann
Have you ever read a book and thought, “Dang, I wish MY parents had had that book when I was younger?!” That’s the thought that kept running through my head with every page turn. “Beyond Piggy Banks & Lemonade Stands: How to Teach Young Kids About Finance (and They’re Never too Young),” by Liz Frazier is the BEST! I learned an incredible amount of information related to finances, saving, budgeting, goals, money (in general), tips/tricks, etc!
She goes into great detail with every phase of life that your child or children enter. The concepts are easily broken down with “bite-size” pieces for parents to read and follow along and put into practice. It’s great because she acknowledges that not everyone is doing great financially – but that’s the whole point of the book – so that we, as the “next generation” of parents, can help guide our kids down the right path to *hopefully* avoid financial failure in the future!
Each chapter of the book has several ideas on fun games to play with your kids that introduce them to different aspects of how finances work. For example, for the slightly older kiddos, there’s a section about setting up a grocery store. Gather a bunch of folks that you’re close to and everyone plays a specific role – store owner, customer, baker, produce section attendee, cashier, etc. Let your child play each role to get a feel for how being in that role would actually be like in real life! There’s always an angry/irritable client who wants to argue price; the store owner wants to mark up prices to make more money; the cashier may choose to be lazy and not get those $0.02 from you that you owe, so you get less coins back (makes it easier on the cashier – but would be a way to “throw” your kiddos off!). You get the idea!
Each chapter ends with a list of resources for you as the parent to help your kids further along. Do you have ANY IDEA how many APPS there are to help children build their financial smarts?! Apps that my 2 year old could benefit of! APPS that teenagers could enjoy that will definitely help them throughout their school careers! Another great resource that’s included are a lot of books/authors who have taken the time to teach certain practices/ideas to kids while simultaneously making it fun to read! Not everything about finances has to be boring to kids – it can be quite fun – especially if they get to follow flawed characters around while they’re learning what NOT to do themselves!
Not only is this a great book about savings, investments, and all of that jazz. It’s an excellent resource for teaching kids about the less fortunate and how to share! (Man - that can be SUCH a scary word when it’s related to money). But Ms. Frazier doesn’t just specify that kids should be sharing money – she goes into a plethora of other ways that kids can share. For instance, they can share their time, by volunteering at a soup kitchen or local animal shelter. They can share their “like new” toys with less fortunate children to make room for any new toys they might be gifted for their birthdays or Christmas. There are excellent resources listing a lot of great programs/places that kids can share or volunteer!
My husband and I already had/have several ideas that we want to implement with our kids in the future – and we’ve mentioned a handful of times to them that “mommy and daddy don’t have the money for that”; but being as my kids are only 1 and 2 at the moment, we really hadn’t started with them yet (not to mention, “mommy and daddy” aren’t in such a great financial spot themselves at the moment LOL). We’ve taken the proper steps to ensure our futures with setting up our 401K’s, investing in buying a home and other steps like that – but we’re definitely still of the living paycheck to paycheck bunch; like the majority of folks I know!
The best part of this book (in my opinion) can be broken down into two parts. One, it’s a book that I’ll be keeping on my bookshelves for YEARS to come. Two, this book touches on everything from the quintessential piggy bank, to investing, to taxes, to entrepreneurial activities (lemonade stand, anyone?) and beyond. It’s a great way to show your kids the basics and the complicated structure of the financial world. I simply can’t wait to begin introducing these concepts to my kids – and I encourage you, my readers, to do the same!
Send me your thoughts or any questions you may have! A huge thanks to Ms. Lindsey Brodowski @ Smith Publicity for giving me the chance to review this book! Always a pleasure!
Kelly Ann
December 27, 2019
Help for parents who want to raise financially smart kids!
January 2, 2021
This is a very well organized book that covers basic financial literacy for children. Starting with what is money (like, literally, what is a quarter), Frazier moves forward with allowance, saving, spending, and sharing. For more ambitious parents/children, there's even a section at the end on general economics and banking and investments. I think her assessments of age appropriateness are off, but there is so much variety in child development that it kind of goes with the territory. If your preschooler is able to do the division required to truly understand how many quarters go into a dollar, that's great. If your preschooler is still learning not to mouth the quarter, then they'll need to wait a bit before they proceed. What's nice is that the checklist style isn't hung up on age in and of itself; even adults can use this as a check of whether or not they've got the basics down.
One warning on the suggested resources at the end of each chapter: they're not that good. Maybe it's the nature of the web, but many of the websites and apps suggested just aren't high quality. The book recommendations are better, but I would touch base with a children's librarian first. This in no way affects the effectiveness of the text as a whole. Starting the conversation is still the most difficult step.
One warning on the suggested resources at the end of each chapter: they're not that good. Maybe it's the nature of the web, but many of the websites and apps suggested just aren't high quality. The book recommendations are better, but I would touch base with a children's librarian first. This in no way affects the effectiveness of the text as a whole. Starting the conversation is still the most difficult step.
June 17, 2020
This book will get you thinking about how much your kids are ready to understand about finance and how to go about teaching them. I really like Liz Frazier's fun, intentional approach. She breaks the topic down into how to start, what they may already know and how to proceed as they get older and more knowledgeable. She offers resources on investments that I will probably look at myself to understand more. She also gently invites you to look at your own finances and habits to see if you can help yourself to change anything you see as you show your children.
The chapters are quick and easy to read so that a busy parent can read it in small chunks over a few days or read it as they apply it over time. I would recommend this to any parent or grandparent. (I received this book in a goodreads giveaway.)
The chapters are quick and easy to read so that a busy parent can read it in small chunks over a few days or read it as they apply it over time. I would recommend this to any parent or grandparent. (I received this book in a goodreads giveaway.)
April 2, 2020
I think a physical copy would have been much better than the ebook due to the way it was written. It didn't really get to the point until 25% through and I felt like it was disjointed. I may pick it up again later when the kids are bigger.
January 17, 2020
Good basics for kids. I'm a Dave Ramsey fan but, really did not take away anything new from this book. I had previously read Smart Money Smart Kids. Smart Money Smart Kids was more detail oriented.
February 18, 2020
I loved the idea of this book but not all of the suggestions.
September 27, 2024
This is the book parents need to read to help kids have a healthy relationship with money management.
Displaying 1 - 9 of 9 reviews