I decided to ready How To Save For a Rainy Day with Max to start introducing to him different ways where he can start to practice financial responsibility. We discussed the differences between wants and needs as well as how he can start earning and saving money. We also spoke about how he can reward himself after saving a certain amount of money. So we agreed that he will do chores and help me around the house and for every $25 he spends, he can spend $5.
This book did an amazing job at introducing the bank and what it does, money advisors and taking the right steps to a financially better future. It’s never too early to start speaking with your children about finances, it is our responsibility as parents to set our children up for success!