Every parent wonders how to impart financial information to his or her child but how do you make sure that the kids get the message? Steve and Annette Economides have used their own experiences to create a helpful guide for parent with children of all ages. Even if you have not started talking to your kids about money, the Economides realize that it is never too late to get started. They put everything together in one book entitled The MoneySmart Family System: Teaching Financial Independence to Children of All Ages.
Every chapter talks about a different financial principle in every paragraph including how to save, how to teach your kids about giving and how to deal with your kids asking for things every time you go to the store. In each chapter, after providing some statistics, experiences and personal stories, the Economides break down ways to apply the information based on different age groups. The book is not just about learn the principles; it is about how to practically apply them to your life.
My son is seven and my daughter is five and we are currently trying out new methods for chores and allowance. This book was a huge help. There were suggestions about how to talk to our kids about certain things and how to encourage them to save and know where every penny is going. While we are not yet ready for the chapters on transportation or marriage, I can see this book being a resource that we look to time and time again as the kids get older and we move into new stages of life.
Steve and Annette Economides are New York Time Bestselling authors and are fondly referred to as America’s Cheapest Family. (Of course, you knew this book was right up my alley!!) I would recommend this to parents with children of all ages. If you want new and fresh ideas for how to approach finances with your children, this book is for you.
I received a copy of this book from Thomas Nelson Publishing in exchange for my honest review.