I recently bought Dave Ramsey’s Financial Peace Jr. for teaching kids how to win with money. Here is my review of why I bought it and what I think of the product.
Why I bought Financial Peace Jr. For My Child
The hallowed toy isle. Whatever store I was in, if it had one, I would find it. And once my father would eventually catch up to me, I would grab his hand with my tiny fingers and drag him down the lane to show him all my prized selections. Either I was trying to break him down with my cuteness, or the Lord blessed me early with frugality because as I stopped at each toy, I asked the same two questions. “How much is this daddy?” and regardless of what came out of his mouth I followed with, “is that a lot?”
Children are not oblivious to the concept of money. Much like everything else, they are absorbing how you handle your finances. They are watching you, closer than the IRS, because they quickly learn that it takes a magical piece of paper (or plastic) to acquire things like toys and snacks and fun. That’s why teaching children the value of money from a young age is a great step to setting them up for future success. Trust me, you don’t want them just starting to figure out this money thing in college, or you’ll have them calling you up to by them a pizza at 1:00 am because they are starving (college students are great guilt trippers). Money guru Dave Ramsey has a variety of wonderful products to help get your family on the financial right track.
Financial Peace Jr. Review
Dave Ramsey’s Financial Peace University, Junior Edition is a great program with all kinds of fun tools for children ranging from ages 3 to 12. This is not a sponsored review. Here is an affiliate amazon link for your convenience:
Financial Peace Jr. is filled with resources for both children and parents to make it a family learning experience. Parents can refer to the parents guide while kids can enjoy the activities for Junior.
There are a bunch of awesome chore ideas that can be easily tailored to your child’s age level. The program also ingeniously helps motivate children who are not too excited about helping out around the house by making chores more “commissioned” based and not under a blanket allowance. Why not help your family work together and eliminate undue stress?
The activities are designed to foster a healthy work ethic, but still let children have fun through the stories, toys, and games provided.
Below is a video description from Ramsey’s website:
Tackling the important issue of money doesn’t have to be as intimidating as it may seem. It’s a lot easier to digest when it’s broken down in easy to follow steps.
I came across Ramsey’s junior products while using the adult Financial Peace University (helpful for families, and adults who still play make believe with their money). As I’m just starting out my family with a new baby boy, again I find myself ending up in every toy isle wherever I go. I can’t help but want to buy him everything. And again, I’m constantly asking when considering a purchase, “how much is this…is that a lot?” Because I’m focused on investing in my son’s future, I’m trying to make the right financial decisions now. And I can’t wait for the things I get to teach him as he grows!
Just remember, whatever your financial situation is, it’s never too late to start making smarter decisions and give your bank account some peace.