From Amazon:
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.
“Every parent or parent-to-be should read this book!” ―Dr. Laura Schlessinger
From Freedom Sprout:
If you’re looking for a complete system that goes step by step through the process of creating a money system for your kids, then this is your book. It takes a lot of diligence, and you may have to take some notes, but the MoneySmart Family System is the total package.
While the authors cover all the basics like college, insurance, and teen jobs, they also dive into topics that you won’t find in many other books on children’s finances, such as extra curricular activities, a complete system for paying your children, and how grandparents can help teach money skills. The book really leaves nothing unexplored.
The Economides, also known as “America’s cheapest family,” have been writing on children’s finances for years, and they have a few other books on cutting expenses and living frugally. I think I have a soft spot for their family since they have five kids, and I know what it’s like to be frugal with five kids. While I’m not sure I would like to be known as a “cheap” family, I understand what they’re going for, and our family follows most of their ideas.
-Kalen