Have you ever wanted something so badly, but you didn’t have enough money to purchase it? I am sure you have. As an adult, you would probably just reach for your credit card and swipe it. That is the power of adulthood. What do you do when you are a child? You only have a few coins, but you desperately want a sweet toy car? Your only real option was to beg the bank of mom and dad to purchase the toy for you. Well, that is about to change. It is time to teach our children a better way to deal with their money.
Save, Spend, and Share with “The Lemonade Stand“
My good blogging friend, Shannon from the Heavy Purse, has just released her new book “The Lemonade Stand.” It focuses around the adventures of Lauren and Taylor teaching their two friends about money. Shannon is on a quest to change how our children view and use money. She is really amazing and her work is just as amazing. I have learned so much from her lessons and plan on using them to teach my son about money. She has noticed a trend of children being irresponsible with money. They never were taught the principles of sound money management. Her children are great with money and are now teaching others how to rock financial literacy. I think it is awesome. This is no different with “The Lemonade Stand.”
I was super lucky to get a review copy of her book and I loved it. While my son is too small to understand the concept of the book, he did enjoy the artwork! He and I will be sitting down soon enough to read over the book and discuss what it means to handle money. As Shannon illustrates in the book, it is important to teach children how to manage money properly. They should understand when a purchase isn’t really necessary, along with how to save their money for things they really want. It is a concept called save, spend, and share. This concept is a simple one to use with children. Here is an example.
If you give a child $10. With the save, spend, and share concept, they would pick an amount they want to put into each bucket. Say they want to save $5 for a new toy. If so, then they only have $5 left over to spend and share. If they want to buy some new cards that cost $3, then they only have $2 to share. Sharing can include donating or doing something good and useful with the money. Sharing it in some way. This is just a simple way to get children to understand the bucketing technique of money management.
My Take on “The Lemonade Stand”
In all honesty, I really enjoyed the book. Yes, this is from an adult reading a children’s book, but it was good. As a personal finance writer, I want more people to understand the concept of save, spend, and share. It works at any stage of life. Learning how to save early in life will only reward you in the future. We, as Americans, are terrible savers. It has documented again and again. I even showed an infographic once.
On top of the great lesson for kids, I enjoyed the entrepreneurial spirit of the kids in the book. When they wanted to buy something,they didn’t just go to mom and dad. They thought about it and opened a lemonade stand. I appreciate when the concept of “earning it” is taught in any book. If you are a parent and need a book to help you teach your children a valuable lesson, then this is it.
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Right now, you can purchase “The Lemonade Stand” from The Heavy Purse. You also can get a $3 discount by using the following coupon code. This is for a limited time only.
Join Lauren and Taylor in their continuing money adventures in The Lemonade Stand by Shannon Ryan, CFP®. Shannon is a Mom on a mission to help busy parents teach their children simple, value-based principles that guide their money decisions and support their long-term financial well-being.
“Everyone handles money. Unfortunately, not everyone does it with confidence. Money has long been a taboo topic in many homes, which makes it even harder for parents to know where to start or what to teach. So I created a series of children books to help parents ease into these important conversations. Financial literacy is one of the most loving gifts you can give your children, and I encourage everyone to make money conversations a priority in your home.”