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The First National Bank of Dad: The Best Way to Teach Kids About Money

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Title: The First National Bank of Dad: The Best Way to Teach Kids About Money
by David Owen
ISBN: 0743204808
Publisher: Simon & Schuster
Pub. Date: 07 January, 2003
Format: Hardcover
Volumes: 1
List Price(USD): $19.95
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Average Customer Rating: 4.5

Customer Reviews

Rating: 4
Summary: Good advice on how to teach kids a valuable lesson.
Comment: I read this book in one afternoon. It is a relatively quick and easy read. David Owen does a good job of supplying advice and a lesson in money management with a little humor. My son is 6 years old and I just started giving him an allowance so he can buy things and stop pestering me. It turns out that this is exactly what Mr. Owen recommends in his book.

This book was enjoyable and informative; I recommend it to anyone with young children.

Rating: 5
Summary: Much More Than Just a "Bank Book"
Comment: David Owen's book should be must reading for all parents with children under age 12. In the first part of the book he describes the success he has had with his own children in establishing a "bank" for them that is both understandable and lucrative. Later he gives excellent advice on providing allowances for youngsters and what they might do with some of the cash including the risks of getting caught up in bubbles nearly as scary as the great internet dot.bomb or dot.con fiasco of 2000: namely, beanie babies. Valuable lessons for children.
Also, the simple language used to describe stocks and bonds could be very useful for young, inquiring minds. Almost surprisingly at the end he segues into the benefits of reading aloud for impressionable minds, and again makes good solid sense. In sum a great book for parents to own and read and even for grandparents to buy for them.

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