Smart Money Smart Kids: Raising the Next Generation to Win with Money

by Dave Ramsey, Rachel Cruze

Overview

In Smart Money Smart Kids, financial expert and best-selling author Dave Ramsey and his daughter Rachel Cruze equip 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, Dave and Rachel present a no-nonsense, common-sense approach for changing your family tree.

With practical strategies for teens and toddlers, alike, Smart Money Smart Kids goes beyond simply telling you how to teach kids about money and shows Yo what you must teach them these lessons today!

Product Details

ISBN-13:	9781937077631
Publisher:	Ramsey Press
Publication date:	04/22/2014
Pages:	272
Sales rank:	138,198
Product dimensions:	6.00(w) x 9.00(h) x 1.10(d)

About the Author

Dave Ramsey is America’s trusted voice on money and business. He’s a #1 National bestselling author and host of The Ramsey Show, America’s 2nd largest radio show, The Ramsey Show Podcast, with over 1.5 billion downloads, and The Ramsey Show YouTube channel, with more than 1 billion views. Dave’s eight national bestselling books include The Total Money Makeover, Baby Steps Millionaires, and EntreLeadership. He has appeared on Good Morning America, CBS This Morning, Today, Fox News, CNN, Fox Business and many more. Since 1992, Dave has helped people take control of their money, build wealth, and enhance their lives.

He also serves as CEO of Ramsey Solutions. Dave and his family reside in Franklin, Tennessee.

Rachel Cruze is a two-time #1 national bestselling author, financial expert, and the host of The Rachel Cruze Show. Since 2010, Rachel has served at Ramsey Solutions, where she teaches people to avoid debt, save, budget, and win with money at any stage of life. She’s authored three bestselling books, including her latest, Know Yourself, Know Your Money: Discover WHY You Handle Money the Way You Do, and WHAT to Do About It.

Rachel and her family reside in Franklin, Tennessee.

Table of Contents

Introduction 1

Chapter 1 I Was That Little Girl… 7

Chapter 2 Work: It's NOT a Four-Letter Word 17

Chapter 3 Spend: When It's Gone, It's Gone 41

Chapter 4 Save: Wait for It 59

Chapter 5 Give: It's Not Yours Anyway 81

Chapter 6 Budgeting: Tell It What to Do 101

Chapter 7 Debt: It IS a Four-Letter Word 129

Chapter 8 College: Don't Graduate from I.O.U. 151

Chapter 9 Contentment: The War for Your Child's Heart 179

Chapter 10 Family: Put the FUN in Dysfunctional 201

Chapter 11 Generational Handoff: Blessings or Curses 227

Chapter 12 I Was That Dad… 245

Notes 249

Student Budget and Upcoming Expenses 252

Editorial Reviews

03/03/2014
Radio host and financial expert Ramsey (The Total Money Makeover) teams up with his daughter, Rachel, in this guide to raising financially savvy kids, using “practical, tactical, spiritual and strategic principles.” Ramsey explains how he bankrupted his family in his 20s and then went on to become an expert, espousing debt-free living and teaching his three children how to become financially responsible. Though Ramsey weighs in frequently, most of the text is provided by Cruze, who details what it was like growing up Ramsey: for example, at age 16, she had saved $8,000, which her parents matched for her first car. The authors advise using the “envelope system” to teach kids money management (spend, save, and give) and emphasize teaching them that money has limits (“when it’s gone it’s gone”). But the authors also warn against rigidity; for instance, a parent who won’t cover the tax when a child has saved for a $300 purchase takes things too far. The authors’ “five foundations” include teaching kids to (1) establish a $500 emergency fund; (2) live without debt; (3) pay cash for a car; (4) pay cash for college; and (5) build wealth and give. Though biblical references are interspersed, parents of all faiths will benefit from this sound guide. (Apr.)

Publishers Weekly