About the Items
As school quickly comes to a close, keep your kids laughing and learning with products from Prosperity4Kids. 
This beautifully illustrated read-aloud book introduces the basics of sound money management and helps children develop a positive money attitude. Featuring adorable characters and engaging child-friendly explanations, the book helps parents teach their kids the value of giving to help others, investing for their future, saving for retirement and spending their money wisely – the four components of abundant money management.
Lori Mackey, Prosperity4Kids,INC
Award-Winning mompreneur, Lori Mackey, guides kids down the road to financial freedom, and help parents put an end to the “gimmies”. Having two young children of her own, Lori understands the hardships of trying to teach your children the value of money, and simple concepts such as saving, investing and spending money wisely. Lori created Prosperity4Kids to education children in a fun and engaging way, teaching valuable lessons on how to grow up and be financially savvy adults.
Lori recently partnered with ING DIRECT to create a series of fun and creative activity books that engage children in the basics of earning, spending, saving and investing through fun activities using word searches, check writing and math concepts teaching compound interest, investing and the rule of 72. Schools and kids clubs have already begun to implement the books into their curriculum and school children are learning valuable life lessons in money management. ING DIRECT is donating the two part series to schools, teachers and parents in order to encourage financial education.
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My Take on the Items
How did you learn the importance of money? Who taught you how to manage the allowance or babysitting money or money you earned mowing lawns, etc.
Lori Mackey has written a book full of useful information to help children learn the tools to managing their money. She uses a principle that is 10/10/10/70. As adults we can learn how to manage our money or see how our saving, investing, charity giving and daily expenses fit into this principle.
Let me share some of the book with you.
Through
Money Mama’s first pig is THE GIVING PIG. She uses her money to help with nature’s animals, homeless people, and pets. THE GIVING PIG reminds us that by using our time and money we can do something to help the world. She uses 10% of her money for this.
The second pig is THE INVESTING PIG. You can use 10% of your money to invest in stocks, bonds, companies, etc. As you invest the money grows so you can use it for your future.
The third pig is THE SAVING PIG. Putting your money in a savings account now will enable you to travel, purchase large items in your future and other goals you have in mind.Again this is 10% of the money that is made.
The last 70% is for everyday expenses. Maybe they have a camera that needs batteries or a birthday is approaching and they need to purchase a gift or card.
Before a child spends their money on a object,they need to learn about needs and wants and of course choices. Will that toy they want to purchase be something they will enjoy for a long time?
Of course young children need continual guidance. However as your child grows showing them how you budget for the family needs of shelter, food, etc. will help them realize where the family money is spent.
I do recommend this book as a useful guide for the initial discussions on teaching your child money management.
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An Allowance chart
This spiral notebook accompanies the book Money Mama and The Three Little Pigs.
After reading and discussing the story, you can easily implement the step by step directions for using the daily charts.
The pages are reusable. There is a page for each day of the week. At the back of the booklet are tear apart lists for jobs/ responsibilities and coins to represent the money earned. You “punch” these out to use on the daily pages.
So each day you put the jobs the child has and the amount of money that job is worth. If they follow through on their responsibility there is a place to write the amount they earned that day. You proceed through the week and then there is a tally sheet at the end of the week for the total.
You can then reinforce the concept of 10/10/10/70 in relationship to their earnings.
To me ,this is a wonderful visual tool for a child. It will assist them to see their responsibilities and also the money they earn or maybe do not earn during the week.
The nice feature is it is reusable.
Take a look at this .It could be the tool you have been searching for to assist your child in managing their money.
All opinions expressed in this review are my own and not influenced in any way by the company. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer or provider. Please refer to this site’s Disclaimer for more information. I have been compensated or given a product free of charge, but that does not impact my views or opinions.
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Is this book available in French?
I have looked around and unfortunately cannot find any version of this in French. So sorry!