Saturday, January 12, 2013

The MoneySmart Family System: Teaching Financial Independence to Children of Every Age

Book Description

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 take....

My child is a walking advertisement for whatever products are advertised on TV during her show. It really makes me crazy that the marketers focus so much attention on kids. We will walk through the store and look at items, all the while she is spouting off lines from commercials. Needless to say, we talk about money on a regular basis. The MonsySmart Family System is a great tool for parents of kids any age! It talks about helping preschoolers through young adults manage the minefield of finances. I was very impressed with the chapter on friendships through the child's life and how parents can help their kids understand that they do not have to have the same things or spend the same amounts as everyone else on weddings, prom, toys, etc... It is worth the read!

I was given this book free through Thomas Nelson Publishing's Booksneeze program, but all of the opinions are my own.

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