I believe money education is essential in a capitalist society. I had been wondering how to teach my son these concepts when I came across this book. I read it from beginning to end in one sitting. It's so helpful. It clearly lays out everything from building a system you can actually use at home to the financial concepts you want to teach before a child becomes an adult. It was even better because I could review the basics myself. My son is only 21 months old, but I'll put it into practice as

🏡 Financial education you can practice at home 💵 Parents of elementary-school children know how important financial education is. But when it comes to teaching children what money means, it's hard to know where to begin. You want to give your child an allowance and teach them how to manage it, but the first step can feel daunting. I found Oh Hyo-jin's Elementary Money Lessons while wondering how to start, and it gave me a clear answer. The author, Oh Hyo-jin, is a current elementary-school

Since I'm home with the kids and drive them around, I often pick up snacks and school supplies along the way. At the snack shop we visit frequently, I kept a running tab. The kids didn't really have the time or chance to spend money themselves. I did it because I wanted them to eat enough, since they aren't big eaters, but I realized at some point that this was hurting their financial education. I wanted to teach them about money, so we decided to study it together, but aside from an allowance

Last year, I had a chance to attend one of teacher Oh Hyo-jin's online lectures. I was impressed by the engaging way she teaches economics through Kids Who Pay Taxes and by her more than six years of steady financial education using classroom currency as an elementary-school teacher. I'm glad to find good books that teach the financial skills we need in life, and I hope they encourage children to make their own financial plans and learn to spend and save money. I want to hand this to the kids

This is a useful book that helps children get the money lessons they need right from elementary school. It's so helpful! I knew it was important but felt lost about where and how to start. I like that it lays out the concepts and explains why they matter. I trust teacher Oh Hyo-jin's books. I never would have thought of writing an employment contract with my child, but it seems like a brilliant idea. The book teaches good spending habits and explains credit, loans, and investing. I especially

I think financial education for children should start early. Oh Hyo-jin's Elementary Money Lessons has eight chapters, starting with why elementary-school children should study money and moving through earning, spending, saving, investing, credit and loans, taxes and real estate, and finally understanding money properly. Since my child started first grade, I've been managing their allowance and other money by putting some in savings and time-deposit accounts. I would just show them the accounts

Seven or eight years ago, when everyone was caught up in the rush to subscribe for new apartments, one topic always came up when people got together. Someone had succeeded because their parents had opened an account for them at age 20; I wished I'd joined earlier while working part-time in college. The starting point—the account opening date and number of payments—made an enormous difference by the time we reached our mid-thirties. It's not just apartment subscriptions. With savings accounts,

Parents help children become independent as they grow. We start with eating on their own, then school life, and now practicing going to the convenience store alone. A few days ago, my husband and I both got off work late and couldn't pick up our child on time, which put us in a difficult spot. So yesterday I carefully showed the child each step, from topping up a transit card to taking the subway home. I usually load allowance onto their card, but this time I handed over cash to top up the

🍵 I saw teacher Oh Hyo-jin on You Quiz. I thought her approach to teaching children about money was really clever, and I wanted to read her book even more. It's only recently that money education has come into the spotlight. Our generation never studied money and had almost no financial awareness; the expression 'being crazy about money' shows how negatively it was viewed. But as I grew up, became independent, and experienced life, I realized, as teacher Oh Hyo-jin says, that money and life