Next to having “The Talk” about sex, having a talk about money, savings and finance is one of the most important discussions that can take place between a parent and child.
Lucky for you, the Modern Dad Podcast has journalist, commentator and best-selling author Beth Kobliner to help you through it.
Kobliner talks with us about new book, Make Your Child a Money Genius (Even If You’re Not), a jargon-free, step-by-step guide to help parents of all income levels teach their kids about money. Kobliner also walks us through some age-appropriate money concepts including allowance and why paying for chores might not be a good idea.
Make Your Child a Money Genius has garnered high praise from Publishers Weekly for how it “persuasively explains how parents can instill, from a child’s early years, essential character traits and abilities for understanding how money works, and how to earn it and use it wisely.”
“More than just a conversation starter or primer, the book gathers together an abundance of bulleted lists of rules and tips, explanations of complex issues, and sidebars and boxes with illustrations of financial documents. With practical prescriptions, simple but effective action steps, and instructive anecdotes, Kobliner has written a book that belongs on every parent’s shelf,” the review concludes.
Beth Kobliner, a former Money magazine columnist, is considered a leading U.S. authority on personal finance for young people. She has penned the New York Times bestseller Get a Financial Life: Personal Finance in Your Twenties and Thirties. In 2010, President Barack Obama selected her as a member of the President’s Advisory Council on Financial Capability. Her work has appeared in the New York Times and the Wall Street Journal, as well as outlets such as Glamour and O, The Oprah Magazine. She has also served as a content advisor for Sesame Workshop’s financial education initiative For Me, For You, For Later and once offered on-air money advice to Elmo.