Money can then be contributed by all family members to save for that special family outing or vacation. These activities are not only fun to do with your children but help to open lines of communication and enhance the financial and lifelong learning skills of both parent and child. Reading books with children is a creative way to introduce the many sides of money management. These lessons can then be easily transferred to each child s life allowing a lesson to be learned for the future. The home environment has a strong effect on the development of financial literacy.
Children start building their knowledge about numbers and money long before they begin school.
In families where money is discussed between parent and child, children are more likely to have allowances, are more likely to save some of their money, and are more likely to plan how to use their money. By experiencing positive interactions with children about money, parents are able to enhance the financial and lifelong learning skills and money management of their children. We hope you have enjoyed your virtual tour of our Money on the Bookshelf program. Remember, children love to read books, and these lessons on financial management can be learned over and over again as children grow. The Nevada Committee for the Protection of Children - Children s Trust Fund, whose mission is the prevention of child abuse and neglect, provided the initial funding for this project.