Monday, August 6, 2012

Raising Financially Confident Kids

Author: Mary Hunt
Publisher: Revell
August 2012
ISBN: 978-0800721411
Genre: money management

RAISING FINANCIALLY CONFIDENT KIDS is a book that all parents need to read – from start to finish – whether they are wise money managers or not. Children are growing up bombarded with commercials that credit cards can buy happiness—whatever you want. You can have it now. They don’t tell you that you’ll be paying hundred or thousands of dollars interest on your credit card debt if you don’t pay it in full every month.

One of the most important lessons you can teach your child is basic financial skills. And for those who have credit card debt and student loan debt, they can involve their children in the paying down the debt, showing them how much interest they’re paying…

Ms. Hunt shows us how she went from being a mom on the brink of financial ruin to someone who is now a money management expert. Whether your children are preschoolers or teens, this book has guidelines to help you teach them.

I was raised with a financially savvy mom and most of the things mentioned in this book is common sense. I’m trying to encourage my college age sons that they don’t need credit cards, save their financial aid for needed items, don’t spend it all in one place just in case they have car bills, etc. and I’m trying to teach my younger daughters that if we don’t have the cash money for it we don’t buy it.

If you are wanting your children to learn to manage money wisely, (and learn along with them) you will want to read RAISING FINANCIALLY CONFIDENT KIDS. Highly recommended. $12.99. 212 pages.

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