Liz Frazier - Beyond Piggy Banks and Lemonade Stands: How to Teach Young Kids About Finance (and Theyre Never Too Young)

Liz Frazier is a certified financial planner specializing in financial planning for families and working professionals. She decided to go into financial planning after the birth of her first child because, like so many other new parents, she realized the overwhelming need to make sure her family was financially prepared and protected. Her goal is to alleviate the anxiety that surrounds finances and provide simple and painless advice for all of lifes stages and changes.

Her passion for teaching children finance began soon after she started her practice. She realized how intimidated most people were about financefor good reason! They had never been exposed to it, so of course they werent comfortable with it. She realized that if everyone was taught the basics as a child, it would take the mystery and fear out of finance. Starting out life with a base understanding would lead to financially healthy behavior, smart decisions, and financial confidence as an adult.

In addition to her CFP, Frazier holds an MBA from Wake Forest University and is a member of the Financial Planning Association and the National Association of Personal Financial Advisors. She joined her familys firm, Frazier Financial Consultants (FFC), in 2014. FFC has been providing money management and financial planning since 1986.

She is also a regular finance contributor on Forbes.com, focusing on everyday personal finance that anyone can understand and use; her articles provide real-world simple, accessible, and entertaining financial advice.

Frazier lives in Westchester, New York, with her husband and children. Outside of work, she can be found playing dinosaurs with her toddler son, on movie dates with her five-year-old daughter, conducting science experiments with her nine-year-old stepson, or sneaking away for the much needed date night with husband and friends.

Readers can connect directly with Frazier on her website at lizfrazier .com or on her firms website at frazierfinancialconsultants.com.

Liz Frazier has written an engaging, must-read guide for parents on how to teach a critical life skillhealthy financial habitswith their children. Filled with relevant facts, family activities and suggested discussions, parents and children alike can learn smart money skills. Shara Nadler, founder and CEO, iPiggiBank (ipiggibank.com), and mother of three

In clear and simple terms, and within the context of everyday activities and fun games, Liz Frazier lays the foundation for children to develop financial literacy. Her thesis is clear: children, as young as preschoolers, should begin to be taught to recognize the value of money and how to avoid potential pitfalls as they mature. This book provides ideas, strategies and resources to guide parents as to how best prepare children to emerge as smart consumers and financially healthy adults.Risa Tabacoff, PhD, MPS, MS, mother of three

Beyond Lemonade Stands and Piggy Banks: How to Teach Young Kids about Finance (and Theyre Never Too Young) is a comprehensive yet easy to read guide. What better gift can we give our children than the ability to plan for and make smart choices about their future? As a teacher and parent, I appreciate the literary connections and online resources to support the lessons taught. I especially value the use of real life activities that parents can engage their child in at every developmental stage. This book inspires parents and teachers to teach children how to problem solve and learn finance for themselves through real hands-on experiences.Victoria Lodewick, kindergarten teacher, and mother of three

Liz Fraziers Beyond Piggy Banks and Lemonade Stands provides an easy-to-follow roadmap for parents to teach financial literacy to their elementary-aged kids. Comprehensive and detailed, it still allows the flexibility of depth and subjects, based on each childs skills and interest. Lizs humor coupled with interesting facts makes a seemingly daunting and complex subject an easy and light-hearted read, without the need for a background in financial knowledge. A great resource for all parents! Dina Shoman, founder and CEO, inherQuests

Published by Rowman & Littlefield

An imprint of The Rowman & Littlefield Publishing Group, Inc.
4501 Forbes Boulevard, Suite 200, Lanham, Maryland 20706
www.rowman.com

6 Tinworth Street, London SE11 5AL, United Kingdom

Copyright 2019 by Liz Frazier

Chapter icons by Kristen Buchholz

All rights reserved . No part of this book may be reproduced in any form or by any electronic or mechanical means, including information storage and retrieval systems, without written permission from the publisher, except by a reviewer who may quote passages in a review.

British Library Cataloguing in Publication Information Available

Library of Congress Cataloging-in-Publication Data

Names: Frazier, Liz, 1976 author.

Title: Beyond piggy banks and lemonade stands : how to teach young kids about finance (and theyre never too young) / Liz Frazier.

Description: Lanham : Rowman & Littlefield, [2019] | Includes bibliographical references and index. |

Identifiers: LCCN 2019010815 (print) | LCCN 2019020348 (ebook) | ISBN 9781475847635 (electronic) | ISBN 9781475847611 (cloth : alk. paper)

Subjects: LCSH: Financial literacy. | Finance, PersonalStudy and teaching. | ChildrenFinance, Personal.

Classification: LCC HG179 (ebook) | LCC HG179 .F7227 2019 (print) | DDC 332.0240083dc23

LC record available at https://lccn.loc.gov/2019010815

The paper used in this publication meets the minimum requirements of American National Standard for Information SciencesPermanence of Paper for Printed Library Materials, ANSI/NISO Z39.48-1992.

W hen my son and daughter were preteens, my wifes job took her out of town for one evening each week, and it was my responsibility to provide dinner. Sometimes, the kids and I would go to the local K&W Cafeteria. My rule was that they got to choose their own mealsmost anything reasonably healthy, but with the proviso that the total cost had to be under $2. (This was quite a while ago!)

They scanned the wide array of offerings and did the math, somehow always managing to pay for a yummy dessert along with the veggies and entre. They enjoyed the challenge and learned something about how to manage a budget. With this experience in mind, I was entirely receptive to the main message of Liz Fraziers new book.

Specifically, the book is about how to teach your kids financial literacy. That may seem like a daunting task until you read what she has to say. With her guidance, the basic lessons are quite simple and can be taught through games and everyday challenges that they will enjoy. Of course, she goes a lot further than figuring out how to budget for key lime pie at K&W, but thats a start!

Ive known Liz all her life and really cant imagine anyone better qualified to write this bookin a literal sense, she was born to it. She grew up in a close-knit family (and now she herself is a mother of two lively children). Her moms a financial adviser, and her dads a psychiatrist. Along her own way, Liz picked up an MBA, worked in business, and after a rigorous certification program, joined her mom and brother as a personal financial adviser. She also comes naturally by her sense of humor, as anyone who has enjoyed hanging out with her dad would agree.