Make Your Kid a Money Genius (Even if You're Not)

Kobliner (Get a Financial Life), a personal finance expert, believes it is almost never too early to talk to kids about money. She cites research showing that by age three, children can understand that money has value, and by age seven they can focus on setting and reaching goals. Here is age-appropriate guidance on a range of money-related topics so parents can teach their children of all ages the basics of money management, including how to save, avoid debt, begin investing, give charitably, and make financial decisions about college and living independently. There is even some proven but counterintuitive advice%E2%80%94for example, she feels allowances aren't the best way to teach kids to be money-smart. Kobliner 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. Agent: Suzanne Gluck, WME. (Feb.)