Short, Authoritative, Useful eBooks
Short, Authoritative, Useful eBooks
$3
‘Learn About Financial Literacy for Children in 30 Minutes’ by Stacey Lwin is a practical guide aimed at helping parents and educators teach young children, starting from age seven, the basics of financial literacy. The book stresses the importance of instilling financial values early, explaining concepts like the history of money, the significance of budgeting, and the value of time as a resource. It encourages children to reflect on their personal relationship with money, introducing key lessons like distinguishing between needs and wants and making responsible decisions.
Through engaging activities, like managing allowances with the ‘Three Jars’ method (Saving, Spending, Sharing), children learn to budget and prioritise their financial choices. The book also involves practical lessons such as understanding household expenses and participating in family shopping to grasp the real cost of everyday items.
Lwin’s own experiences, as a parent and financial professional, form the core of the book’s advice, making it relatable and accessible. The guide is designed to foster early financial responsibility and decision-making skills, ensuring children grow up understanding how to manage money wisely and work towards financial independence.
This is why involving children in grocery shopping and other routine activities can be so educational. Firstly, they see the prices, handle the money, and begin to make connections between cost and value. For instance, when a child chooses a product and then decides not to consume it, it’s an excellent opportunity to discuss wastage and its implications.
Secondly, these shopping excursions can serve as practical lessons in budgeting. Children can learn to compare prices, figure out discounts, and perhaps most importantly, understand why budgeting is necessary in the first place (because the supply of money is limited).
From there, it’s a short hop to appreciating the efforts that made this money available in the first place and hence the love their parents put into providing for the family. This understanding can foster a greater appreciation for what they have and encourage more responsible behaviour.
We can integrate these lessons into everyday activities, thereby helping our children grow into financially savvy teens and adults. They’ll learn not only to appreciate what they have but also to make better informed decisions about money, especially one of the most important: when to spend and when to save for the future. This awareness is essential in a world where financial literacy is increasingly important for personal success and security.
Stacey is a 17-year veteran of the financial industry in Singapore. Being a mother herself, possessing a love for working with children, and having an abiding interest in the idea of financial independence have all combined to ignite her passion to educate young children with the correct values and habits regarding financial literacy in general and money in particular.
Her vehicle is MONI ENOUGH, a children’s program and series of books she has created based on the wealth of experience she has accumulated working with families.
Learning about money can be dry and abstract, even for adults. Now imagine how much tougher it is for children aged 7-12 who are still learning about the world, who possess only a rudimentary idea of the significance of money. Children learn best when the learning experience is fun, experiential, and phased. Hence, it’s important to ensure that ‘lessons’ are enjoyable; be rooted in practical, real-world situations, preferably from daily life; give children the independence to make their own financial choices, helping them develop critical decision-making skills; and be held in a safe environment, one that allows them to make mistakes.
MONI ENOUGH was created with these very requirements in mind. Stacey uses gamification and NLP-based techniques in her workshops, making learning fun, easy, and effective for children. The books have been written and illustrated mainly by Stacey’s daughter Sophie. Each focuses on a single idea related to financial literacy, eg earning money, spending money, and sharing money. They are available from her Website.
Stacey’s Qualifications
— Mental Toughness Coach & Facilitator
— NLP Master Practitioner
— NLE Enneagram Practitioner
— LAB Profile Practitioner
— Positive Intelligence