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Reviewed by Philip Van Heusen for Readers' Favorite
Pay Matters to Kids is a neat book by David Weaver that shares creative ways children can learn to earn and use money. I firmly believe that children should be rewarded with an incentive for their work. This might be an allowance or prize. As your child reads this book, they will learn that money should be divided into categories such as giving, saving, or spending. Some children save money for a quick reward, while others save money for college or to start a business. David shows the reader that handling money includes giving to others. Giving might involve doing something nice for the family or helping feed those who are hungry. As a trained financial counselor, I think this book is a great introduction to finances for children. The younger your child is when they start budgeting, the more successful they will be with finances as adults.
When did you learn about money and how to use it wisely? David Weaver’s book, Pay Matters to Kids, will help you introduce simple financial concepts to your children at a young age. The sooner children learn how to handle money, the more successful they will be in navigating the complicated financial labyrinths in adulthood. David’s writing style is simple and engaging. Tamara Joubert richly illustrates the book. As you discuss this book with your child, ensure they understand that money is a tool to reach goals, not the goal itself. Help your child learn how to divide their money into a good budget, including money for enjoyment and to give to others. Stress the importance of savings and the wonderful magic of compound interest. I suggest helping your child set up savings for short-term and long-term goals. Reaching short-term goals will encourage them to keep saving while giving them the satisfaction of achieving goals.
