Abstract: An instructional, developmental and educational product and method for children comprises a book of imitation checks, a checkbook ledger, and a wallet for enclosing the checkbook and checkbook ledger. The wallet constitutes a rectangular flexible base sheet foldable across the width thereof to define a rectangular central portion, a first rectangular end flap and a second rectangular end flap, said end flaps being foldable over the central portion. A first fabric band secured to the central portion defines a first pocket for mounting the checkbook ledger, and one of the rectangular end flaps has a second fabric band secured thereto a define a second pocket for receiving the book of imitation checks. A coin purse and closure flap are formed on the first fabric band.