Smart Money Smart Kids equips parents to teach their children how to win with money. Starting with the basics like working, spending, saving, and giving, and moving into more challenging issues like avoiding debt for life, paying cash for college, and battling discontentment, this presents a no-nonsense, common-sense approach for changing your family tree. Filled with actionable tips from both Dave and Rachel, this book is a gift for parents looking for advice on raising money-smart kids.
In this book, they discussed the importance of good family communication, and they shared personal stories about finding faith, living on a budget and loving to give.
Topics include the value of work and earning a commission (not allowance), budgets and spending, saving, giving, consequences of debt (from credit card to college loan), contentment, and a range of family situations-from adoption, single parenting, blended families, private vs. public school choices to estate planning.
It offers common-sense ways to teach these money lessons:
Where money comes from
The value of hard work
How to save, spend, and give
Debt, and how to avoid it
Table of Contents
Chapter 1. I Was That Little Girl...
Chapter 2. Work: It's NOT a Four-Letter Word
Chapter 3. Spend: When It's Gone, It's Gone
Chapter 4. Save: Wait For It
Chapter 5. Give: It's Not Yours Anyway
Chapter 6. Budgeting: Tell It What to Do
Chapter 7. Debt: It IS a Four-Letter Word
Chapter 8. College: Don't Graduate from I.O.U.
Chapter 9. Contentment: The War for Your Child's Heart
Chapter 10. Family: Put the FUN in Dysfunctional
Chapter 11. Generational Handoff: Blessings or Curses
Chapter 12. I Was That Dad…
Student Budget and Upcoming Expenses