Book Review: The Pocket Money Guide – everything a parent needs to know by Anita Stokes

I was a bit surprised when I received this book in the post, it is less of a book and more of an in-depth booklet, which quite frankly, suited me down to the ground. I can’t actually remember when I last had time to read a whole book, so this was perfect for me.

I also loved the fact that it is less of a definitive ‘this is how you must do it’ book but rather gives lots of ideas and options so that you can create a pocket money system that suits your family.

The book begins by covering off different ways of children ‘getting money’ from it being something they just get to it being linked to chores to gifts or brides. The key premise here is that to teach kids about money they must have some money to learn with. Which makes an awful lot of sense really.

It then moves on to a chapter on ‘Share, save and spend’ which is where a lot of the teaching (for parents) and learning (for kids) takes place and then Anita shares some Golden Rules for helping you stick with a pocket money system so that it doesn’t end up falling into the ‘too hard’ basket.

It also covers off what you can expect your child to be able to learn about money at each age and stage, naturally the understanding of a 5 year old will be quite different to that of a 15 year old.

Overall I really liked this book. It was really quick and easy to read but gave me lots of ideas about how to teach my daughter about money, without feeling like I needed an Economics degree to be successful at it.

The book ‘The Pocket Money guide’ was provided free of charge however all opinions are my own.

If you’d like a copy of the book, Anita is offering these for just $5 to readers. You can contact her on her Moneymedics facebook page.

This post first appeared on Nested and is republished with permission