As the Hooligans get older and closer to leaving the nest, my husband and I become more intent on making sure they have the tools to succeed in life and avoid the mistakes we made. Most recently, we’re focusing on money management.
Both Meathead and Skippy have part-time jobs. Meathead has been working at a local grocery store for the past year. Skippy is earning money by mowing lawns and as a Little League umpire. Both boys have money burning holes in their pockets and our job is to guide them in how to save, budget, and make wise decisions. The DH (Dear Hubby) and I are pretty transparent with the kids on how we make decisions with money, where we made mistakes and what we’re focusing on moving forward. It’s our goal to help our kids avoid the traps and pitfalls when it comes to their money.
Enter Smart Money, Smart Kids by Dave Ramsey and Rachel Cruze.
Dave Ramsey is pretty famous within the Christian culture for his radio show, podcasts, Financial Peace University classes taught at churches across the country, and his best-selling books such as The Total Money Makeover, Dave Ramsey’s Complete Guide to Money, and EntreLeadership. Smart Money, Smart Kids was co-written with his adult daughter, Rachel Cruze.
Ramsey and Cruze take turns within each chapter speaking to the reader about a variety of money topics, starting with the Ramsey family’s personal history from wealth to bankruptcy and back again. Smart Money is written in a conversational, no-nonsense tone one would expect from Dave Ramsey and covers just about every topic one could imagine when teaching children about money.
Ramsey and Cruze extol the virtues of work while teaching the dangers of debt. This book is jam-packed with advice about allowance (referred to as consignments) for children, employment, saving for purchases both small and large, college planning and even weddings. Smart Money, Smart Kids is a great, useable book for all parents, no matter the age of your children.
I received Smart Money, Smart Kids in exchange for a book review. I was not required to write a positive review.