M is for Money.
Financial literacy is something that I think that should be taught early. A large portion of today’s youth and young adults aren’t financially literate and for that reason, they don’t make the best decisions when it comes to money. This is the very reason why we as parents should start having conversations when our kids are young. It educates them and creates a good habit that will help them their entire lives.
Gabby is older and gets an allowance for doing chores and gets a portion from when she helps me with my work. She started saving with a piggy bank when she was 4 years-old and now she has a bank account and debit card. She’s learned to be responsible with her money and to save for items or experiences she wants. If she doesn’t want anything, she lets it grow.
Now, Mimi is a few years younger and she is just starting to learn about money. When I had the chance to try out M is for Money and to use them as tools to help her learn, I was stoked. There’s nothing like being able to teach your child something that can be mundane and make it fun for them.
M is for Money is a series of books that help children learn all about money. Mimi is at the perfect age where she is wanting to add coins to her piggy bank. She helps around the house with small chores and her grandparents, aunt and uncle all give her money as well.
Right now, she is using the piggy bank Gabby used to use and she loves clinking in her coins or bills. She can differentiate between the coins and bills and is anxious to learn more about saving money. We are getting closer to opening up a savings account for her too. So, these books are perfectly timely!
Start a Conversation.
M is for Money was created by Teresa Cascioli, a daughter of Italian immigrants who worked very hard to make it in Canada. I can definitely relate to her as we were immigrants when we came to Canada. The books are excellent tools for parents who want to start teaching their kids about the importance of money and saving. They are aimed for children between 5-9 years-old and though Gabby is older, she’s enjoyed reading them to her sister.
You’ll be able to follow the adventures of twins Tessa and Benji as they learn about Canadian currency, budgeting, visiting a bank, saving and more.
We read “The Little Piggy Bank: What is Money?”, “The Little Lemonade Stand: Working for Our Coins.” and “The Little Trip to the Bank: The Big, Big Piggy Bank.” You can get the full series on misformoney.ca or if you prefer to pick them up, they are available at Indigo/Chapters. Mimi loved them and is excited to get started!
On top of the book series, Tess & Benji have made some extra fun stuff! There’s Birthday Party invitations for Boys and Girls, colouring books, magnets, bookmarks, “Great Job”, “Well Done” and “You Did It” note pads and more! The books and goodies are fun ways to learn about money, to get excited about it and to make it fun. Once they grow up and have to pay bills, well–that wanes a little bit. But, at least they will have a great foundation to make good choices as adults.
Talk to Our Kids About Money Day!
To prepare for this day, stock up on M is for Money books and get ready to have even more conversation about money on April 20th. You can check out the Talk with Our Kids About Money Day website and find free tools and resources to help you educate your kids towards financial literacy.
Do your kids earn and save money yet?
Let me know, til then–cheers m’deres!
Nancy Polanco is a freelance journalist and editor of lifestyle blog Whispered Inspirations. A social media junkie, a travel-lover with insatiable wanderlust and an aficionado for fun gadgets, good eats, and entertainment. You can find her on Instagram and everywhere else under @WhispersInspire.