Interactive Money Books for Kids or Young Adults
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"Interactive Money Books for Kids or Young Adults"

Money lessons and allowance plan for kids ages 6-11 and young adults ages 12-17

RELEASE: February 2003
CONTACT: Paul S. Richard, ICFE Executive Director

San Diego, CA  'Saying money doesn't grow on trees is not enough,' contends author Letia Young, who created two interactive money books for kids and young adults, using her son and two nieces as guinea pigs.

'Letia Young created these books after she was peppered with questions from adult couples she was teaching in a budgeting class. They wanted to know what they could use to teach their own children about money' said Paul Richard, a registered financial consultant (RFC) and executive director of the nonprofit Institute of Consumer Financial Education (ICFE), a San Diego based nonprofit group, that is making the 3 ring binder books available. The ICFE is helping people of all ages improve their spending habits, increase their savings and use credit more wisely.

The Money Book for Kids, ages 6-11, and the Money Book for Young Adults, ages 12-17 are hands-on, interactive books which include simple budgeting and savings concepts presented in a personal, interactive style. The three-ring binder books are divided into four categories: giving, spending, short-term savings and long-term savings. Colorful tabs, pouches for money, example cards for each category and 'Keeping Track of My Money' pages guide children in setting realistic budget goals.

Children do not instinctively understand money matters. The author's goal was to create something kids and young adults could use with minimum assistance from their parents. Something the youngsters could call their very own. The author designed these books with four things in mind: 1) they are practical; 2) they are tangible (most of us learn by actually doing); 3) they are realistic (frustration is no fun); and 4) kids learn something from them (as evidenced by the budget, goals and tracking pages in the book).

The books presume the child receives an allowance, even if it is not linked to household chores. The amount of the allowance is not as important as the fact that the youngster can call it her or his own money, the author tells parents in her budgeting classes. 'Kids need an allowance to learn how to use money,' she said. 'It's important for them to understand that they can save for something and earn it over a period of time.'

The Money Book for Kids, ages six through eleven, and the Money Book for Young Adults, ages 12-17 are $19.95 each plus $3 shipping. They are available from the ICFE on its Web site at www.financial-education-icfe.org or by sending
to: ICFE, PO Box 34070, San Diego, CA. 92163.

For more information on children and money, plus some fun financial education books and videos, please send $1 and a self-addressed, double stamped envelope to: ICFE Resource Center PO Box 34070 San Diego, CA
92163. OR . . . Visit : www.financial-education-icfe.org.

About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

About the ICFE:

The Institute of Consumer Financial Education (ICFE), founded in 1982 by the late Loren Dunton (creator of the 'certified financial planner' (CFP) designation) and it is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. The ICFE trains and certifies Personal Finance Instructors for its own curriculum. It also trains and certifies Credit Report Reviewers and Identity Theft Prevention Specialists.

The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, now in its 16th printing and has distributed over one million 'Credit/Debit Card Warning Labels' and 'Credit/Debit Card Sleeves' world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.

The ICFE is also a partner in the national Jump$tart Coalition for Financial Literacy and the California Jump$tart chapter. The ICFE staff is also active with San Diego Saves, an offshoot of America Saves, and the California Student Debt Resource Awareness Project (CASDRAP) (studentdebthelp.org).

The ICFE's on-line help for consumers who spend too much was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from 'The Money Instruction Book,' a course in personal finance, positioned to become among the premier programs in the new bankruptcy and debtor education initiatives.

The ICFE Web site at: www.financial-education-icfe.org helps consumers with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and videos and how to teach children about money. Other ICFE services include a free eNews, and an online resource center of financial education learning tools, including videos, books, software and personal finance courses.



 

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