By Steve & Annette Economides
Description on back of book:
Is it possible to raise financially responsible kids of any age in a society filled with consumerism and entitlement?
New York Times best-selling authors Steve and Annette Economides raised their five kids while spending 77 percent less than the USDA predicted. And the money they did spend was also used to train their children to become financially independent. The MoneySmart Family System will show you how to teach your children to manage money and have a good attitude while they’re learning to earn, budget, and spend wisely.
Learn how to:
*Get the kids out the door for school with less stress.
*End the battle over clothing—forever
*Teach your children to be grateful and generous.
*Inspire your kids to help with chores as a member of a winning team.
*Prepare your kids for their first paying job.
*Help your kids pay for their own auto insurance, and even pay cash for their own cars.
*Employ strategies for debt-free college educations.
*Truly help your adult children when they want to move back home.
*Be prepared to deal with your adult children when they ask for bailouts.
With clear steps for children of every age, The MoneySmart Family System proves that it’s never too early, too late, or too hard to start learning financial responsibility.
My review:
Let me tell you that I really enjoyed this book. Not only did each chapter really break down the topic at hand, but it gave you multiple ideas. For example, the clothing chapter. I have five kids, we have a lot of clothing. My girls are 16, 13 & 11. The boys are 7 & 2. So the 16 year old is always passing her clothing down, but my 13 year old isn't into that size yet, so they collect and fill up her drawers and closet. What a great idea it was to put them in boxes, make a file system, number the boxes and find the box when we need it. I mean, who knows, the 11 year old might need the 16 year old's clothes before the 13 year old. We all know that kids grow differently!
And all the money handling advise was awesome. I've tried to teach my kids the importance of saving for the future, whether that it a toy, a trip or college. But it seems like only one of my kids actually listened! There are lots of tips, advise and just plain good ideas in this book that I really think can be made to apply to every family out there. Did they all fit my family? No, of course not. But I can take what I've learned in this book and apply it to my different kids, at their different ages and hopefully help them become "Money Smart".
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