If you have kids between 7 and 14 years of age, you can teach them about financial literacy and how to manage their money with this book that’s new in stores:

Written by Kelvin Ho, a local author and educator for 10 years, Lynn’s Money Adventures is a guide for tweens and pre-adolescents to help them take charge of their financial future by learning how to manage money in a smart and practical way. This book follows Lynn and her sisters as they explore issues of money and how to manage it. Lynn learns about her own money attitude, how to allocate her allowance wisely so she can buy an iPod Touch, how to be cured of the “common money disease” and what’s the difference between her needs and wants.

At the end of each chapter, there are  tips and activities called Money Workout so your child can relate to the story and develop essential lifeskills to make, spend and save his own money.

The book also comes with online Parents’ Notes which parents can use to explore and further simplify big money concepts for their kids. Kelvin believes that when it comes to teaching financial literacy, the parents’ role of modeling is extremely important. If parents and caregivers are able to inculcate, encourage and reinforce positive mindsets and values about money, they will be equipping their children to make good, informed decisions about their finances.

The book is easy to follow and thoughtfully written for the local context, and is a good way to introduce money sense to the young who are already exposed to and aware of the concept of money, especially if they have their own allowance to manage. A lot of financial literacy books are not pitched at this level and are not contextualised for the Singapore reader, so Kelvin does a good job introducing good money habits and the right money mindset to his target audience.

Lynn’s Money Adventures is available at Popular bookstores and retails at S$15. Visit Kids’ Money Adventures to read a sample chapter, or check out the very informative and educational resources available on the website. (The last I checked, I learned about the history of credit cards and watched a cartoon MTV telling me where money comes from. Economics 101 for me!)

*Giveaway*: I have 3 sets of Lynn’s Money Adventures to give away to 3 readers! Simply leave a comment here with your name and email address by 1 July if you wish to receive a complimentary copy. We’ll be picking 3 winners at random on 2 July.

**UPDATE**: And… EVERYONE’S A WINNER IN THIS GIVEAWAY! Kelvin has kindly agreed to sponsor ALL 17 copies of his book to all of you who commented! Thank you for participating and hope this book would help guide your kids along as they learn how to manage money!

Disclosure: I received the book from Kelvin Ho and interviewed him for the purpose of this review. All opinions are Motherkao’s own.