Monday, August 6, 2012

Raising Financially Confident Kids - A Review

Watching her children learn from her spending habits, Mary Hunt realized that she and her husband needed to do something that would teach their children about the dangers of living beyond what their means. It was a lesson Mary needed to learn as well. Together she and her husband sat down and created a plan that would allow for each child to manage a portion of the family income while teaching them about finances.She shares what they did and some information about ways that debt gets its hooks into the lives of children early.

I found this book to be fascinating. I don't have children, but most of my friends do. Growing up I was given an allowance, but was not taught how to really manage my money. And that lack of knowledge stayed with me through college and beyond. In the Fall of 2009, I went through the Dave Ramsey Financial Peace University and have not regretted it. I've learned things through that that I wish I'd known 10, 15, even 20 years ago. This book has made things clear to me that I wish I'd known as a child. I do know that the principles in the book are inline with what Dave Ramsey teaches and as it's targeted for parents as a tool to help their children learn how to be money-smart and grow into adulthood being debt-free.

I really liked the idea of each child being given a salary that would allow them to manage a portion of the family's budget. I think that concept and the hands-on technique used is one of the best tools for a child to learn to be responsible with money.

I received this book for free from the publisher, Revell Books for the purpose of reviewing. My thoughts and opinions are my own.

Raising Financially Confident Kids is available in August 2012 at your local bookseller from Revell Books, a division of Baker Publishing Group.

Rating - 4 stars

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