The Bank of Mom and Dad: Money, Parents and Grown Children
By Derrick Penner
This book is a must-read for all parents and teens. It will show the reader how to handle money so that they don’t get into debt and waste money spending it on anything and everything.
This new generation of kids will have many financial challenges. Money won’t be as easy to come by as everything constricts. Even parents have limited resources and cannot give their child and teen ‘everything’ that they desire. And this should not be expected of parents either. Instead, parents should teach their children frugality and how to save money. It is also important for parents to teach their kids that all things are not bought and some things that are free are a lot better.
In this practical guide, business writer Derrick Penner provides parents and all readers with practical, clear advice on how parents can best handle the financial needs and pressures of their children and teens.
We are in the middle of some stressful financial times. We need to teach our children how to manage their money most effectively. And this book will help parents do just that.
About the Author:
Derrick Penner is a senior business writer at the Vancouver Sun, western Canada’s largest newsroom, where he focuses on personal finance and economic trends, among other topics. He holds a Master’s Degree in Journalism from the University of British Columbia. He lives in Vancouver.