Saturday, September 15, 2012

The MoneySmart Family System ~ Book Review

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

Description:

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 thoughts:  One of the saddest things I see today is that children have the attitude that they are entitled to everything they want.  They get this attitude from their parents, because their parents either can't say no or can’t handle money.  Lives can be devastated pretty quickly by poor financial choices, and trying to keep up with everyone else can quickly place you on a sinking ship.

The MoneySmart Family System teaches parents how to handle finances Biblically, while teaching them to teach their kids.  Sounds like a lot of teaching going on there, huh?   Practical steps are broken down into tasks for different age groups.  If your children are old enough to have money, they are old enough to start learning how to handle money.

Simple, time tested truths are out lined in detail to help you and your family to get on the road to better finances, by spending less and saving more!

Disclosure: I received a free copy of this book for review purposes only. I received no compensation for my review. The thoughts and opinions expressed here are strictly my own.

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