This guide aims to help children aged between 9 and 14 years of age to make the best choices when buying anything.
This will include paying household bills.
Starting simply the questions progress to illustrate what ‘bills’ are, why they have to be paid and ways to pay them.
Encouraging a practical, everyday outlook to household finances this guide should equip a child with some basic ideas on how to use money wisely.
Reviewed by Vernita Naylor for Readers’ Favorite
Financial literacy should begin as young as age 5. As your child continues to grow well into their pre-teen years, they should have a better handle on and understanding of money management. Roy Hollinshead’s Children’s Money Savvy Questions offers young readers over forty various types of savvy scenarios used for present and future decision-making, from purchasing an iron and buying comics and magazines to learning how to pay your bills by prioritization. Roy explains everything from what a bill entails and what is an overdraft to why it’s important to avoid borrowing from financial institutions. Also, in the book readers will see a blank budget sheet, and an example of how to lay out all of your bills on the balance sheets including rent and food. And of course, to help you along your journey, the reader will see the answers to the savvy questions.
Children’s Money Savvy Questions by Roy Hollinshead is ideal to teach youngsters about money because not only will the young reader learn a lot about money management but they will also learn about ways to save. “Whenever you get paid – very likely once a month – remember not to spend all your money straight away!” says Roy. I liked how Roy expressed the importance of concentrating on how to pay your bills and focusing your efforts as to when your bills are due to avoid being late. The young reader will learn from this book that there are consequences to not being responsible when it comes to money management. Roy Hollinshead’s Children’s Money Savvy Questions is the ideal book for young readers to begin the path of money management.
Targeted Age Group:: 9 – 14
What Inspired You to Write Your Book?
My youngest niece, Sophie, was asking about the bills I went to the Post Office to pay one Monday – Gas bill, Rent & Council Tax on that occasion and I explained to her about paying for where you live and the things you use and that none of it was 'free'. She was 12 at the time and, while she was aware of money, how much things cost was a big surprise to her!
That conversation got me thinking that schools don't seem to teach 'real world' everyday money management in a way that would develop a child's mental skill set and discipline where 'home money management' was concerned. Having spent some time pondering on how to approach this and creating something that could go some way to instill and enthuse the right kind of approach for a child I devised a 'reward based' game where 4 players would have a monthly allowance and a set of expenses and variable cost items that each round would present to them. If, when it was their turn, for example they did a food shop and chose some bargains that saved some money, what they saved would be put aside until the game concluded. And so each player would take their turn and those that had correctly paid all they had to and had accrued savings along the way would then arrive at the 'treat' or 'reward' part of the game where they could buy 'non-budget' / 'ongoing expenses' – items such as computer games, sweets and other treats. They would still be constrained by how much they had at the end however. The aim then was to develop sound decision making, discipline, an understanding of pricing differences and where to find them and a motivation to be prudent, responsible and encourage saving and the wise use of money.
Unfortunately, working full time didn't give me the time I needed to work through everything that was required. Realising I was not going to able to create the 'game' I assessed the information, ideas and structure I had amassed to that point and then saw how a book could achieve the same result. Re-working and re-structuring the idea with input from Sophie herself the finished book was done. I 'hand published' one single copy and Sophie was delighted with it. Naturally it was personalised and titled 'Sophie's Money Savvy Questions'. She was 13 when I gave it to her and other children in the family wanted their own copies, which they duly got! It worked well and filled a gap that was empty in children's learning and I was encouraged to seek publication so that other children could benefit. This I did in 2018. So from a simple trip to the Post Office to pay mundane 'bills' sprang this book and an opportunity for children to grasp some idea of 'home money management'.
Spring has finally arrived and you want to brighten up your garden with some colourful flowers. You decide to buy Marigolds as you like yellows and oranges but don’t want to raise the plants from seed. Deciding to buy them ready to plant you check out the following offers at your local nurseries:
Webbs Nursery – Tray of 12 plants at £10.99
Stubbs & Sons – Tray of 15 plants at £20
Jane’s Flora – Tray of 10 plants at £10 or buy 2 for £15
GardenPath.co.uk – Tray of 12 plants at £15
Which do you buy and why
Janes Flora is the best choice here, you get 20 plants in her ‘buy 2 for £15’ deal which gives you the most plants for the least money. The next best deal would be Webbs Nursery.
Links to Author’s Social Media:
Award winning film maker, Artist and writer living and working in London. Covering a large variety of subject material from Science Fiction to the Supernatural, I’m always experimenting with ideas and ways of doing things to see what happens. Sometimes it works and sometimes it doesn’t but the results and discoveries are what I strive for and then polish to a finished Picture or Book.
Asking ‘what if’ is the drive behind all my work, love or loathe it!