Wednesday, August 8, 2012

A Super Way To Teach You Children To Be Disciplined With Money

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

I would like to say that the information in this book is fairly common sense stuff, but with so many of our families in financial messes, it is obvious that it is not.  It seems that the Economides hit on a pretty good way to take control, as parents, of how their family earned and spent its money.

Now, what works for one family may not work for another, but the formula that is laid out in this book seems like it is very adaptable to any family willing to put it to use.  The Economides household was more high maintenance than that of my own—my family not being as large—but I can see where the ideas they share in the book could be implemented in my own home.   Each family is encouraged to start the process when their children are young, but starting wherever you are is more important in learning about how money works in the real world than not starting at all.

I particularly like the help at the end of each chapter that deals with appropriate actions for each age group called the $5, $50, $500, $5,000 and $50,000 stages.  Each stage correlates to an age group from toddlers to adult children and what are fitting responsibilities for each group.  Hopefully by the time your children reach the $50,000 stage they will be so responsible for their own finances that they won’t need your help or guidance!  The book is super easy and fast to read.  There is an index at the back to help you find specific subjects or ideas presented in the book.

I recently read a review in which the reviewer was dismayed about the lack of overtly Christian principles in regards to money; giving is mentioned but not specifically tithing, etc.  Perhaps the generality is to appeal to a wider audience, I don’t know.  However, I do not need to read this book to my children verbatim to implement the basic ideas of the book.  What the authors don’t provide in “spiritual training” is, and always has been, mine as the parent.
For more information about this book--click here--or on the title above!

I received this book free of charge from BookSneeze in exchange for an honest review.

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