My business, bookskeep, works with clients that need help with managing their business finances. Profit First is one of our favorite tools and is the method I introduce to mompreneurs in Motherhood, Apple Pie, and All That Happy Horseshit.
Profit First will help you understand your cash flow better. More than one client has said to us, “where has this been all my life!?” While financial prowess is something many of us are still struggling with as adults, passing your hard-earned lessons on to your kids, starting now, is a great way to ensure they grow up into financially savvy adults.
Not sure how to teach your kids about money? Luckily, Mike Michalowicz, author of Profit First, has you covered with his new book, My Money Bunnies: Fun Money Management for Kids. Written for ages 4-8, My Money Bunnies teaches kids about money management with vibrant illustrations and a fun, rhyming story.
Our team member, Katie, shared that it made a huge difference in her daughter’s motivation to help with her chores.
“Read this book [thank you, Cyndi & Dave] to our 7 year old last night and TODAY she comes home from school, on a Friday evening, doing things such as racing to her hamper to put her socks in it (instead of throwing them in the floor, like usual (which I am constantly getting on her and her sister about)) and she is VERY impatiently requesting small, medium, and large jars from me while I am trying to cook dinner. She is on a MISSION to make her Anytime, Sometimes, and Onetime jars and start earning money by obeying the rules/doing chores. Where has this been my entire parenting life?!?! Bahaha!”
Teaching your child about money and getting chores done, what’s not to love?! How are you teaching your kids about money management? Drop us a comment below to share your strategies!