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Reviewed by Vernita Naylor for Readers' Favorite
Financial literacy should begin as young as age 5. As your child continues to grow well into their pre-teen years, they should have a better handle on and understanding of money management. Roy Hollinshead’s Children's Money Savvy Questions offers young readers over forty various types of savvy scenarios used for present and future decision-making, from purchasing an iron and buying comics and magazines to learning how to pay your bills by prioritization. Roy explains everything from what a bill entails and what is an overdraft to why it's important to avoid borrowing from financial institutions. Also, in the book readers will see a blank budget sheet, and an example of how to lay out all of your bills on the balance sheets including rent and food. And of course, to help you along your journey, the reader will see the answers to the savvy questions.
Children's Money Savvy Questions by Roy Hollinshead is ideal to teach youngsters about money because not only will the young reader learn a lot about money management but they will also learn about ways to save. “Whenever you get paid – very likely once a month – remember not to spend all your money straight away!” says Roy. I liked how Roy expressed the importance of concentrating on how to pay your bills and focusing your efforts as to when your bills are due to avoid being late. The young reader will learn from this book that there are consequences to not being responsible when it comes to money management. Roy Hollinshead’s Children's Money Savvy Questions is the ideal book for young readers to begin the path of money management.