As a parent, I’m always trying to make sure that my little girl won’t make the same mistakes that I did with money. I often look to Shannon for advice via her blog about money lessons for kids and I’m never disappointed.
Needless to say, I found her book to be an excellent learning resource as well as being fun to read and fun to look at with its colourful design and interesting characters.
What is The Lemonade Stand about?
The Lemonade Stand tells the story of four children who learn a very practical lesson about saving, spending and sharing their money. The book starts off with a couple of the children falling in love with a special toy and wanting their Mom to buy it for them.
The other two children try to teach them what they have already learned about why it’s good to save money for something greater a little bit further down the line.
All four children put their learning into practice by making money ‘right now’ and decide to open a lemonade stand where they sell cups of ice-cold lemonade to their neighbours and friends. They do make money and they get to keep their profit after paying back their parents for the cost of the lemonade ingredients!
They share out the profit between them and each child decides how they are going to save, spend and share their money.
Who is the book for?
This book is aimed at children probably over the age of 5 (although I have already read this to my daughter who is 3 years old) and is a useful resource for parents and teachers who want to help the children in their care learn valuable lessons about money. How to save, spend and share money to be precise!
What are the key takeaways from this book?
This book importantly delivers the message about giving as well as saving and spending. I personally think this is something that any child could benefit from – teaching children this kind of money lesson will instil the right values and beliefs around money from an early age.
There are also some great maths lessons in this book with language such as ‘profit’ and ‘costs’ as well as the task of dividing the proceeds among the children!
Disease Called Debt readers can also take advantage of an exclusive coupon code (TOUR3114) for $3 off the book!
The Lemonade Stand – iPad Mini Giveaway
July 14-31, 2014
Sponsored by The Heavy Purse
Co-hosted by Are Ya Gonna Eat That, Broke Millennial, Budget and The Beach, Budget Blonde, Budgeting for More, Busy Mom Budgets, Cash Cow Couple, Cents and Sensibility, Club Thrifty, Color Me Frugal, Debt Debs, Debt Roundup, Disease Called Debt, Eat Laugh Purr, Enemy of Debt, Eyes on the Dollar, Femme Frugality, Financially Blonde, Frugal Rules, Living Richly Cheaply, Luke 1428, Making Sense of Cents, Money Saving Dude, Monster Piggy Bank, Not Now Mom’s Busy, Reach Financial Independence, Shoeaholic No More, Stacking Benjamins, Tackling Our Debt, The Broke and Beautiful Life, The Finance Girl, The Frugal Farmer, The Random Path, Thrifty Dad, VeegMama and Young Adult Money.
Join Lauren and Taylor in their continuing money adventures in The Lemonade Stand by Shannon Ryan, CFP®. Shannon is a Mom on a mission to help busy parents teach their children simple, value-based principles that guide their money decisions and support their long-term financial well-being.
“Everyone handles money. Unfortunately, not everyone does it with confidence. Money has long been a taboo topic in many homes, which makes it even harder for parents to know where to start or what to teach. So I created a series of children books to help parents ease into these important conversations. Financial literacy is one of the most loving gifts you can give your children, and I encourage everyone to make money conversations a priority in your home.”
We’re Giving Away an iPad Mini to One Lucky Reader!
Help us celebrate the release of The Lemonade Stand and join Shannon in her mission to increase financial literacy in both children and adults.
The giveaway runs from July 14-31, 2014 and is open worldwide.*
* A winner located outside of the United States will receive a cash equivalent prize via PayPal.