CHICAGO–Is your CU active in financial education and literacy, or making plans to be even more active in 2017? Or perhaps you just have younger family members you want to see handle their finances appropriately as the new year gets underway.
If so, Money Magazine has published a list of four books recommended for teens to improve their knowledge of finances in order to build a more secure life.
The recommendations:
The Money Savvy Student
Author: Adam Carroll
Publisher: BookPress Publishing, 2016
Think of money in sports terms: Your offensive strategy is your ability to make money, while your defense is the ability to keep expenses low, Carroll writes. The first chapter of this book invites readers to tally up the cost of being them — from clothes to orthodontia to cell phone plans — to reinforce that life is expensive. The rest of the book empowers readers to get ahead of their expenses through savvy money management and entrepreneurship.
Not Your Parents’ Money Book
Author: Jean Chatzky
Publisher: Simon & Schuster, 2010
The Money Review: Geared to tweens and younger teens, this book explains how the economy works by walking readers through terms like “the deficit” and “GDP.” The lively text features questions and money reflections from real teens. While some of the references are a bit dated, there’s plenty of solid information that will never go out of style.
Loaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind
Author: Sarah Newcomb
Publisher: (John Wiley & Sons, 2016)
The Money Review: Sophisticated young people will appreciate how Newcomb plumbs the origins of individuals’ money beliefs. The first part of her book helps readers identify their own relationship to money, and the second helps them build a “human-centered” money management plan that explains some important financial basics (good debt vs. bad debt, for instance) while challenging certain conventions of the genre (wants vs. needs).
The Young Entrepreneur’s Guide to Starting and Running a Business
Author: Steve Mariotti
Publisher: National Foundation for Teaching Entrepreneurship, 2014
This 1996 classic has been updated to include advice on Internet marketing, social networking, and apps to track your carbon footprint. While marketed to young people, it covers business plans and other topics in enough detail to be appropriate for budding entrepreneurs of any age.