Money Doesn't Grow On Trees: A Parent's Guide to Raising Financially Responsible Children [Paperback]

Neale S. Godfrey (Author), Carolina Edwards (Author), Tad Richards (Editor)

Book Description

Release date: August 1, 2006 | ISBN-10: 0743287800 | ISBN-13: 978-0743287807 | Edition: Rev Upd

At a time when kids have more debt and temptation than ever comes a completely revised and updated edition of the #1 New York Times bestseller on teaching children aged three to twenty about money

Money Doesn't Grow on Trees is the book that parents turn to when it comes to teaching their children about money. With 180,000 young adults between the ages of eighteen and twenty-four declaring bankruptcy last year and college students graduating with an average of $28,000 in debt, Neale S. Godfrey is the definitive expert on the subject and her time-tested advice is more important than ever.

Money Doesn't Grow on Trees offers exercises and concrete examples on everything from responsible budgeting to understanding the difference between "want" and "need" for children of every age. This revised edition includes entirely new sections that discuss

• The power of the Internet
• The tactics of television advertisers
• The world of eBay

Godfrey's years of experience as a mother and a financial expert make Money Doesn't Grow on Trees a book no responsible parent can afford to pass up.

Editorial Reviews

Review

"What is a parent to do? Reaching for Money Doesn't Grow on Trees is one solution." -- Chicago Tribune

From the Publisher

Are you worried about your children's financial future? Then whatever their ages, now is the time to teach them the money skills they will need every day of their lives.

Chairman of the Children's Financial Network, mother of two, and a frequent commentator on national television, Godfrey has designed a unique program for kids -- from those as young as three to those in their teens -- that teaches them how to earn, save, and spend money wisely while it lets parents clearly communicate their family's values. Using age-appropriate exercises and concrete examples, Godfrey shows parents how to deal with a variety of tough situations such as: Your five-year-old wants an allowance. Should he get it if he doesn't do his chores? What and why do you kids need to know about your finances? Your teenage daughter desperately wants a $75.00 pair of designer jeans and there's only money in the budget for a moderately priced pair. Do you give her the money?

For parents who want to teach their kids the value of money and personal values, there's no better guide than Money Doesn't Grow On Trees

--This text refers to an out of print or unavailable edition of this title.

See all Editorial Reviews

Product Details

• Paperback: 192 pages
• Publisher: Touchstone; Rev Upd edition (August 1, 2006)
• Language: English
• ISBN-10: 0743287800
• ISBN-13: 978-0743287807
• Product Dimensions: 5.5 x 0.4 x 8.5 inches
• Shipping Weight: 6.4 ounces (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #66,664 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Most Helpful Customer Reviews

16 of 16 people found the following review helpful

5.0 out of 5 stars I bought 12 copies and gave for gifts! March 29, 2007

By A Hall

Format:Paperback|Amazon Verified Purchase

My husband originally bought this book, and then I read and re-read it. We have 2 sons, (10 & 12 yrs old). This book REALLY helped us to set up a program for spending and saving with our sons. I like the way is is simply laid out. I would highly recommend any parent who is interested in learning more and getting help on how to set-up the whole money thing to get this book...better earlier than later! Be patient, it does work...it just takes time and persisitence.

15 of 15 people found the following review helpful

5.0 out of 5 stars User-friendly and useful February 8, 2007

By Shari Schmidt

Format:Paperback

We all spend a lot of time talking about how to instill proper financial values in our children. This book gives you step-by-step advice on how to make that "talk" reality. The sections on how to use the world as your financial classroom and how to instill your personal values through consumerism were perfect for our young children. Perhaps the best part of the book is that it is written in an easy-to-read, easy-to-understand style. Anyone reading this book will be able to use and implement these ideas.

5 of 5 people found the following review helpful

5.0 out of 5 stars The "IT" book for kids and finances! March 17, 2010

By Janna Newman

Format:Paperback|Amazon Verified Purchase

This is an amazing book for parents who want to teach their kids about the value of money and how to save and spend wisely. It is a must read for ALL parents. We have started the kids on the four jar saving system and it's amazing. I wish soooooo much that I would have had these money skills growing up. With all the financial troubles so many Americans are going through, I feel that with the skills in this book that we will teach our kids, they will not fall into the same money troubles that are common today. Ms. Godfrey explains how to teach kids the value of money in ways I would not have thought of. Also, when I read this book, the timing was perfect as I was struggling with the idea of starting my kids on an allowance or not? Do you tie it to chores or not? She answered ALL my questions and gives great ideas and suggestions. I can't recommend this book enough! Wonderful!!!!!!!