Financial Peace Junior Kit: Teaching Kids How to Win With Money Paperback – October 28, 2015

This kit is made for one child, and it comes in a sturdy box and has a kids' workbook and a parent guide. T actual chore chart is very sturdy and has four magnets on the back, so it stays in place on the fridge very well. The magnetic chore pieces are easy to move around and can be stored on the back of the chart for the chores you aren't using at the moment- I like that. There is also a magnetic marker that stays on the fridge. The kit also has three clear envelopes for giving, spending and saving. One thing I wish that those had was a way to mark them with a child's name. We used a permanent market, but even that rubbed off the plastic some.The kits is well made, and I plan to buy a fourth kit for my youngest, who is four. She is begging for one now that her older siblings are doing their charts and earning money.It is a bit pricy for the kit for each child, but in reality I believe that this is an investment in teaching my children to work. They actually love earning money by doing chores now, and it's an easy way for me to keep track of what they have accomplished. It took us a few weeks to get in a groove of which chores worked for which child, and it's super easy to let them pick new ones for a new week. It's been an empowering experience for them and for me as a mom.So far my kids have loved saving, giving and spending and are learning real world skills that will stay with them through adulthood. It's motivating to them to see that their work has rewards. And it's motivating to me so have a little help around the house- many hands make light work!I recommend this kit highly! My kids love using it!

My 3 year old daughter loves earning and spending money! We hung the chart on the refrigerator and she will look at it daily to be sure she has made money all the possible ways for that day. I keep the envelopes in my purse so she can always spend her hard earned money when she pleases. It helps a ton when she's begging for petty items at the store that I don't want to purchase. I tell her she can spend her own money on it but she only has $5 and this will take 4 of them. She will totally rethink the situation and half the time reasonably decide it's not worth it. It's fun and it teaches the meaning of a dollar at such a young age. I still buy her stuff frequently but for the extra little stuffed animal she sees and wants it's up to her if it's worth her dollars. Since she is 3 we typically only use the spending envelope but have also used the savings envelope so she could save up for a $25 scooter. She felt so proud the day that she could purchase it for herself. As Dave has recommended, it is usually best to introduce the quick spending reward to this age group and later introduce the savings and giving. I agree with that plan

My kids have been more motivated to get their chores done and help around the house while also learning about money.

I am a Ramsey fan! It has helped me on my debt free journey and their products help my kids understand money. I purchased this product for my son friend as a gift and he loves it. He does his chores with ease and is learning about money management at only 5 years old!!

My parents never taught me about money and I struggle with it to this day. I don't want my daughter to go through that so we purchased this for her. She was very excited as she just started earning her own money, I wanted her to have some idea about what to do when she gets paid. Experience Delayed Gratification and learn to use it as a tool. This is a great start in to those kinds of conversations. Nothing is particularly quality but the ideas are there.

I ordered two of these kits for my 11 yr and 9 yr old daughter. We have tried other charts before, but none seemed to work. We sat down together and they picked out the chores that they wanted to do. We filled up their lists and then assigned dollar amounts to each. They have both been motivated to do something from their list each day. I say "is there anything on your list you could do today?" I also remind them to check it off. If they don't it won't be paid. My 2 yr old saw the chart and of course now she wants one as well. Their first payday is this Thursday. It will be exciting for them to see how much they've earned. I also am loving help around the house!

My daughter loves the kit. She is 11 years old and was so excited when she got to customize her commission chart. We have had the kit for over a month and she has managed to save $70. It is teaching her the value of hard work, saving with a goal in mind, and the joy of giving. She gladly puts 10% of her earnings in the give envelope for church each week and on several occasions she has even put an extra $5 or $10 in there to donate to childhood cancer research. After reading the activity book, she started a dog walking business all on her own. I love seeing her take pride in a job well done. She thinks twice about spending her money on wants and has become much more responsible in general. I highly recommend this product.

This is a great product to teach your kids about budgeting. The only thing I would recommend it adding an option for “play money” and you credit them at the time of purchase.