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Personal finance and investing for 12 - 15 year olds

Many teens in this age group start to make their own money from sources outside the home through babysitting jobs or paper routes. This is an excellent time to introduce teens to the power of compounding. Show your child our FAQ on compounding and discuss how this could effect them. The following resources will help young people of this age group to realize the benefits of looking after their money and to develop skills to successfully manage their money

References:

Growing Money - A Complete Investing Guide for Kids.

Author:Gail, Karlitz
Published information:New York: Price Stern Sloan Inc., 1999

New Moon Money.

Author:New Moon Books Girls Editorial Board
Published information:New York: Crown Publishers Inc., 2000

The Kids Guide to Money -Earning it, Saving it, Spending it, Growing it, Sharing it.

Author:Otfinoski, Steve
Published information:New York: Scholastics Inc., 1996

Allowances Dollars and Sense - A Proven System for Teaching Your Kids About Money.

Author:Lermitte, Paul W
Published information:Toronto: McGraw-Hill Ryerson, 1999
Resource Centre call number:332.024054 L56 1999

A Quarter In Your Piggy Bank: Teaching Your Child To Manage Money.

Author:Helen Cunningham
Published information:Burnstown, Ont.: General Store Publishing House, 1999
Resource Centre call number:332.024054 C91 1999

Guarantee Your Child's Financial Future Practical Solutions For Today's Parents.

Author:McLean, Benjamin
Published information:Toronto, Ont.: McGraw-Hill Ryerson, 1999
Resource Centre call number:332.0240431 M22 1999

Mom Can I Have That ? Dr Tightwad Answers Your Kids' Questions about Money.

Author:Bodnar, Janet.
Published information:Washington DC: The Kiplinger Washington Editors, 1996
Resource Centre call number:332.024054 B63 1996

Money Doesn't Grow on Trees -A Parent's Guide to Raising Financially Responsible Children.

Author:Godfrey, Neale and Edward, Carolina
Published information:New York: Simon & Schuster, 1994
Resource Centre call number:332.024054 C54 1994

The Money Tree Myth: A Parent's Guide To Helping Kids Unravel The Mysteries Of Money.

Author:Gail Vaz-Oxlade
Published information:Toronto, Ont.: Stoddart Publishing Co., 1996
Resource Centre call number:332.024054 V47 1997