How To Raise Financially Smart Kids

It is never too early to start having conversations about money, savings and investments with your children. Authors BINAL GANDHI and SONEERA SANGHVI of Piggy Bank To Portfolio: How To Raise Financially Smart Kids share their research with Shraddha Kamdar

- Shraddha Kamdar

Do you squirm when your child asks you why certain people are “poor? Or when they want to know why we can't just print currency notes on our printers? Or why someone has a fancy bag, but you don't?

If you've ever been left tongue-tied with these questions, authors Binal Gandhi and Soneera Sanghvi have come to your rescue with their newly-launched book, Piggy Bank To Portfolio: How To Raise Financially Smart Kids (Juggernaut).

Gandhi and Sanghvi, both working professionals, have been friends for over two decades; today, they are both high on the joint achievement that they co-authored during the lockdown. Gandhi is CEO of The Learning Curve Academy and the founder of the gamified financial education programme Finance GYM (Grow Your Money), which has engaged with over 20,000 youth. A faculty member with Mumbai's SP Jain Institute of Management and Research and NMIMS for many years, her experience lies primarily in the finance sector. Sanghvi, on the other hand, confesses to having no financial background in the professional arena. She started as a lawyer and went on to serve as assistant editor of a business magazine in Mumbai before she founded High Skies Co, an education consultancy that helps students craft stand-out college application essays.

It is these very diverse backgrounds of the authors that lend the book its rich material; especially since they have faced very different questions from their children belonging to varied age groups (Gandhi's are 18 and 13, and Sanghvi's eight and four).

ADDRESSING THE QUESTIONS