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.
Review: I think it's very important to teach children about money starting at a young age. Especially in today's gimmie, gimmie world. While there are some views in the book that I might not agree 100% with I think the overall information, charts and resources are good. I will be implementing different things from the book into our daily lives such as the chore system. I really liked the way Steve & Annette set up the system for payment in helping around the home.
Currently my children both each have a category in our budgeting system. This is where any money they get for birthdays, Christmas, etc. goes. Then if we are out somewhere and they want to get something I know how much they have to spend. If what they want is more than what they have they know they can pick something else or wait until they have some more money in their "account." Something we really need to work on is the giving and saving part so I will be setting some new things in place in relation to those.
I will be keeping this book around as it goes into detail about the different stages based on your child's age. Since mine are just now in the first stage I know I will be working on teaching fiscal responsibility a lot over the next few years. I know I have learned in life that things you work hard to earn are many times more valuable than the things that are handed to you. Yes I am grateful for gifts as we have very generous families but I don't want myself or my children to take anything for granted. Whether they clean their room for a week to earn a special treat or help with chores around the house it's important that we all work together to get the home running.
Buy it: You can purchase The MoneySmart Family System online, for the Kindle or at a book retailer near you.
Disclaimer: I received the product mentioned above from Booksneeze for review purposes. All views expressed are my own opinions. This post may also contain affiliate links.
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