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Customer Review

52 of 52 people found the following review helpful
5.0 out of 5 stars What a parent needs to know to help their kids understand money, September 17, 2005
This review is from: Raising Money Smart Kids: What They Need to Know about Money and How to Tell Them (Kiplinger's Personal Finance) (Paperback)
With each generation the children seem to have more money available to them than their parents. With this should come responsibility and learning how to spend or save wisely. The problem is that most just learn to spend as soon as they get it, get it by begging parents or an allowance with no responsibilities involved or similar. Enter Janet Bodnar, deputy-editor of Kiplinger's Personal Finance, mother of three, and writer of the Money Smart Kids column in Kiplinger Magazine. This is not a collection of hard and fast rules to force good finance habits onto kids but a framework within which parents can use good common sense to handle any situation. The book starts with a quiz to test your money smarts. This quiz is excellent and presents most of the potential situations you are likely to encounter with children and money. The author even includes examples of questions kids ask and how to answer them. One of the insightful sections is one on how kids think about money and how to deal with these concepts from preschool to teenager. Ms. Bodnar even includes a fascinating chapter on questions and answers about money's history, composition, and dozens of other miscellaneous facts. Prepare your children to know how to deal with money when they are grown. Raising Money Smart Kids is highly recommended.
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