Thursday, August 23, 2012

Book Review: Money Smart Family System

Being a parent, we get to teach our children about things we value.  We hope and pray that we are giving them tools to be successful and productive members of society.  We teach them about faith, how to be a good friend, to be a person of their word, to eat a healthful diet and to value people above things.

But many times, we fail to teach them about things that we might be struggling with ourselves or may not have a real grasp of how to teach.

Like, for instance, money management.

The MoneySmart Family System by Steve and Annette Economides covers this subject with tons of examples of their own family's experience.  They give ideas how to teach children at any age how to earn money, have a good work ethic and positive attitude, how to budget and save for normal and large purchases, and how to make charitable giving part of the whole equation.

For a long time, we have struggled with the idea of giving our children an allowance.  We did not feel that it gave our children a "real world" experience.  With The MoneySmart Family System, we saw a way that we could give our children money, but money that they earned vs. received just for breathing.

Love, love, love the concepts in this book and can't wait to hold our family meeting on Sunday to get the ball rolling with our two children!

Disclosure of Material Connection: I was provided with a free copy of this book by Thomas Nelson Publishers in exchange for my honest opinion.

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