Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Kids & Koins: Teaching Your Kids About Money
    Kids & Koins: Teaching Your Kids About Money
    Kids & Koins: Teaching Your Kids About Money
    Ebook120 pages54 minutes

    Kids & Koins: Teaching Your Kids About Money

    By iMoneyCoach

    5/5

    ()

    Read preview

    About this ebook

    The book includes the mechanics of running a budget, but the main focus explores important
    philosophies of life that enhance your child’s ability to handle money in a responsible way. For
    instance, Step 2 is titled “From Survival to Significance,” and illustrates why it is important to overcome bad habits and internalize living responsibly. Step 4 explains the difference between “work” and “chores.” Other topics include tracking money, goals, having the right attitude about allowances, developing a correct thought process, investing, entrepreneurship, and much more.

    Kids & Koins was developed as a teaching guide for parents, with parent-child discussion and
    interaction. Each chapter includes
    exercises for Elementary age, Tweens, and Teens to master the principle taught in that chapter. If you start this book with your young child, you can come back and go through the activities for Tweens in a few years and then the Teen activities after that. The lessons are age-appropriate and designed to teach the principals in a way that is relevant to your child's life.

    Our children deserve to learn the financial lessons that will help them be successful in the future, and walking through this book will help you grow together.

    LanguageEnglish
    PublisheriMoneyCoach
    Release dateMar 6, 2011
    ISBN9781458014139
    Kids & Koins: Teaching Your Kids About Money
    Author

    iMoneyCoach

    iMoneyCoach exists to reclaim America’s Financial Freedom and bring people to a place where they can honestly say, “I love my life!” We believe that money is the smallest part of your finances, and in order to make your finances work it is important to examine the different areas of your life and create balance.We have a variety of ways to help you do this, including books, workbooks, a proven debt elimination system, a free online resource center, and our online interactive financial training courses. See http://www.imoneycoach.com to learn more and take the first step towards improving your financial future.”

    Read more from I Money Coach

    Related to Kids & Koins

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Financial Wellbeing

      Aug 25, 2021

      Financial Wellbeing
      2 min read

    • Article

      My 10 Best Financial Literacy Apps for Kids

      Aug 2, 2018

      It's never too early to start teaching kids about money. It will enable them to make smart decisions as they become young adults. Apps for smartphones and tablets on how to handle money can make the learning process more enjoyable. Financial literacy

      4 min read

    • Article

      7 Steps to Teach Kids How to Invest

      May 15, 2021

      When it comes to investing, time is your greatest ally. The more time you give your investments to grow, the larger your nest egg is likely to become.  The trouble is that most people aren't taught the concept of investing until their first 401(k). A

      6 min read

    • Article

      Give Them Presence

      Feb 14, 2020

      HOW do you raise healthy, happy kids who feel at home in the world? Read all the parenting bestsellers, spend hours ferrying them from one extramural to the next, buy them the latest educational toys and gadgets? None of the above. Child experts Dani

      2 min read

    • Article

      How to Talk About Money With Your Children

      Nov 6, 2021

      What's up, everybody? This is Brandon Copeland, AKA Professor Cope. And you are now tuned in to another very special … very, very, very special … very, very, very special episode of Cope'ing With Money. On this episode of Cope'ing With Money, it is t

      5 min read

    • Article

      Planning Your Child's Financial Future

      Dec 15, 2021

      What's up, everybody? It's your boy, Brandon Copeland, aka Professor Cope, and you are now tuned in to another episode of Cope'ing With Money. This particular episode of Cope'ing With Money is very special because my wife Taylor and I recently welcom

      5 min read

    • Article

      How To Avoid 2021 Being As Much Of A Disaster As 2020

      Dec 31, 2020

      When you wake up in 2021, you may first proclaim that you are grateful to be rid of 2020.  The second thing that you may do is to declare your New Year’s resolutions.  Most people’s resolutions start with losing weight. They include going to the gym

      3 min read

    • Article

      Life Lessons

      May 15, 2021

      Life Lessons
      2 min read

    • Article

      4 Ways to Teach Your Children Financial Responsibility

      Jan 29, 2019

      Americans are facing a personal finance crisis. Almost 60% of all working age Americans have no retirement savings. And dealing with unexpected expenses can be a hardship for many families without savings. In fact, 4 in 10 adults could not cover a $

      3 min read

    • Article

      Paul’s Verdict

      Mar 4, 2022

      How can I set up a super fund for the grandkids? Paul, I have been an admirer of your books, Money magazine and advice for a number of years. I have given my four adult children your books, which they have put to good use. My wife and I are retired

      3 min read

    • Article

      Here's How to Foster Good Financial Habits in Your Children

      Jun 22, 2021

      One of the best ways parents can secure their children's future is to teach good money habits from a young age. By helping them understand the value of money, the value of saving and the importance of eventually achieving financial independence, pare

      4 min read

    • Article

      OF FEAR and FORTUNE

      Jul 16, 2021

      OF FEAR and FORTUNE
      3 min read

    • Article

      5 Timeless Financial Lessons Our Children Need Now

      Nov 13, 2019

      As a parent, there are many practical lessons we teach our children over the years -- from tying their shoes to riding a bike and driving a car. But all too often, we don't prioritize teaching our children basic lessons in personal finance. This is a

      3 min read

    • Article

      MONEY Advice

      Jul 28, 2019

      MONEY Advice
      6 min read

    • Article

      Parenting Lessons I’m Learning as My Son Learns about Money

      Nov 15, 2021

      My son loves learning – both inside his elementary school classroom and wherever his curiosity takes him. These days he’s been learning all he can about money and investing. I don’t know exactly what prompted this interest in personal finance. But he

      4 min read

    • Article

      4 Ways to Share Your Money Smarts with Kids

      Apr 30, 2019

      Do you know anyone who's struggling with managing their personal finances? You probably do. One in 4 adults (25%) do not pay their bills on time, and almost 1 in 3 millennials (32%) feel not at all or not very knowledgeable about how their credit sc

      2 min read

    • Article

      Will My Kids Ever Leave Home?

      Sep 15, 2019

      Will my kids ever leave home? Surely I can’t be the only parent who asks this question? Okay, I still have a 12-year-old but I know the 17-year-old has no plans whatsoever to move out of home in the next 10 years or so. The answer to this question, o

      6 min read

    • Article

      Are Your Adult Children Living at Home?

      Sep 29, 2020

      What kinds of rules can parents put in place for their adult children living at home to ensure they can launch successfully? This question is more relevant now than ever before. More young adults were living with their families in July (52%) than the

      3 min read

    • Article

      Kiplinger Q&A: Hill Harper

      Aug 27, 2019

      TV and film actor (ABC's "The Good Doctor," CBS's "CSI: NY" and Columbia Pictures' "Concussion") and author Hill Harper sees a void in the lesson plans for today's students ("We don't teach money," he laments) and believes celebrity influencers like

      7 min read

    • Article

      I Wish I Had Done This Years Ago: All Too Common Financial Regrets

      Aug 12, 2019

      I was recently enjoying dinner with my husband and our three children at our local country club. It was a relaxed and comfortable setting, the perfect place to spend a weekend with the people I love after a long workweek. As I sat across the table f

      3 min read

    • Article

      Fearless Conversations Can Help You Grow Your Money – and Your Relationships Too

      Jun 7, 2022

      Let’s face it. Talking about money is not one of those conversations most people look forward to. Everyone has different opinions about money: How it’s used, how much you need, how much you should save, how much you should spend. The list is truly en

      3 min read

    Related categories

    Reviews for Kids & Koins

    5/5

    2 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Kids & Koins - iMoneyCoach

      The iMoneyCoach Financial Life Training System

      Kids & Koins

      Teaching Children, Youth and Teens About Finances

      By iMoneyCoach

      Published by iMoneyCoach at Smashwords

      Copyright 2012 iMoneyCoach

      Discover other iMoneyCoach titles at Smashwords.com

      Smashwords Edition, License Notes

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      For more information, visit iMoneyCoach.com

      ****

      Table of Contents

      Welcome

      Step 1: Introduction and Commitment

      Step 2: From Survival to Significance: Habits

      Step 3: Living in Balance

      Step 4: Chores and Allowances

      Step 5: Personal Work Energy (PWE)

      Step 6: Tracking Money

      Step 7: The Thinking Process

      Step 8: Goals

      Step 9: Entrepreneurship

      Step 10: Investing

      ****

      Kids & Koins: teaching children, youth and teens about finances

      Welcome to the iMoneyCoach Financial Life TrainingTM System’s segment on teaching kids about money and finances. This course will give you the tools and resources you need to teach children, youth and teens about money and finances.

      The iMoneyCoach curriculum is unique in that it is designed to teach not only techniques for managing money but why those techniques are important. Our systems and strategies are based on first-hand experience and research with thousands of clients over a period of more than 20 years of independent professional practice.

      We are committed to providing curriculum, tools, and resources that are simple to use with practical application.

      Children are the future, and we believe it is important to start teaching them about money early so they can be successful with it. We look forward to helping you create a prosperous future for yourself and your family!

      How this Book Works

      This book is divided into a number of different topics to teach your kids about money and how life relates to it. In each section we have developed lessons relevant to kids of elementary school age, tweens 10-12 years old, and teenagers. With a young child you can go through the book and do all of the elementary lessons, then go through it again in a few years when your child is a little older, and once more as a teen. There are different things that you and your kids can pick up on each time. If you are starting this book with a teenager, you can still read through the other lessons to pick out some of the basics that go with the teen-specific lessons.

      Why teach kids about money and finances?

      Why is it critical, now more than ever, to teach our children the proper beliefs, attitudes, and skills about money?

      Almost 30 years ago, the U.S. Census Bureau conducted a study that showed less than 5% of Americans would reach financial independence by the age of 65. Shortly thereafter, the financial services industry (banks, insurance companies, and investment companies) exploded with droves of individuals and organizations entering the market to provide financial planning, advice, counseling, and consulting. Today, America’s economy is more unstable than ever before, we have more debt than ever before, and the financial future of the average American is even less promising.

      During the last 100 years, America has slowly moved from being a country of hard-working, high-producing, earners, savers, and investors, to a country of consumers who often borrow to live beyond their means and who many times operate from a mentality of entitlement.

      Debt is an alarming Epidemic in our country. The average household carries $9,616 in credit-card debt, according to Cardweb.com. It is estimated that about 70 percent of cardholders carry a balance from one month to another. This is called revolving consumer debt, and it’s on the rise.

      Nellie Mae reports that graduating students owe an average of more than $21,000 in combined education loans and credit card balances. That much indebtedness often puts young people in a hole that is very tough to climb out of.

      To Reclaim America’s Financial Freedom, drastic and immediate change needs to take place in the beliefs, thoughts, and behaviors of the American people.

      As guardians of America’s financial future, we must commit ourselves to a life of financial significance…that is, to learn how to become financially successful ourselves, and then to teach others how to succeed financially.

      ****

      Step 1 - The First and Most Important Thing Regarding Kids and Money

      The most important thing a parent or guardian can do to teach kids about money and finances is to lead by example. If you have not completed our Financial Life Training program, we encourage you to check it out online at www.imcuniversity.com.

      As you work through the curriculum in this course, be sure you are doing everything you are asking your children to do. A child doing something only because you told them to, will likely fail in making any permanent impression on them.

      Eventually, your children have to learn to do the right things for the right reasons, which results in financial success.

      It is critical to the long-term financial health of your child that they see how the basic principles you are teaching them to use now become adult behaviors so that later they maintain good role models for money and finances.

      As a parent lead by example! Kids are watching how you deal with your money, and are going to imitate you. Teach by example!

      For the long-term financial health of your child, it is critical for them to understand that the financial principles they practice now, will become adult behaviors.

      Financial understanding begins at home with communication and hand-on experience. Regularly talk with your kids about money and how your family handles money. What expectations do you have as a family about money? What goals do you have? The more you talk with your kids about money, the better understanding they will have of it. And the sooner you start the better.

      As you walk through this workbook together, remember to start incorporating

      Enjoying the preview?
      Page 1 of 1