What is this book about? As parents, if we had to groom one ability
in our children that is key not only to money management and investing
but for any aspect of life, what would it be? My answer: Sound
Decision Making. So in this book, we meet Chinchu who is about to turn
10. What he wants for his birthday and how his parent's plan for it and
teach him several key ideas of decision making and money management is
the narrative.
Who is the book for? Children above the age of 10. Some 8+ kids may
also be able to appreciate it. We have made it a point to keep the text
simple and straightforward so that a child can readily understand the
importance of introspection (realise what we want and not get
affected by peer pressure) and independent decision making.
What is covered in the book? Aspects connected to decision-making
such as (1) Affordability: living within our means; (2) Needs vs wants;
(3) Delay gratification; (4) Planning a purchase; (5) Appreciating our
requirements; (6) Ignoring peer pressure; (7) Benefits of product
research; (8) Basic of borrowing (debt); (9) Budgeting.