Current Promotions  

Product Reviews View Product Info

  1. The Moneysmart Family System: Teach Financial Independence to Children of Every Age
    The Moneysmart Family System: Teach Financial Independence to Children of Every Age
    Steve Economides, Annette Economides
    Thomas Nelson / 2012 / Trade Paperback
    $7.49 Retail: $16.99 Save 56% ($9.50)
    4 Stars Out Of 5 10 Reviews
    Availability: In Stock
    CBD Stock No: WW202843
    Video
4.1 Stars Out Of 5
4.1 out of 5
(4)
(5)
(0)
(0)
(1)
Quality:
4.3 out Of 5
(4.3 out of 5)
Value:
3.9 out Of 5
(3.9 out of 5)
Meets Expectations:
3.9 out Of 5
(3.9 out of 5)
90%
of customers would recommend this product to a friend.
SORT BY:
SEE:
Displaying items 6-10 of 10
Page 2 of 2 Previous 12
  1. Ontario
    Age: 25-34
    Gender: female
    4 Stars Out Of 5
    Great ideas and tips!
    August 20, 2012
    RamblingsMom
    Ontario
    Age: 25-34
    Gender: female
    Quality: 4
    Value: 4
    Meets Expectations: 4
    When I first received this book, I wasn't sure if I would like it or not. Finances are different for every family, and so are opinions on how to manage them. I'm glad I got this book though!

    I like how each section of the book is divided into practical and realistic tips for kids of different ages, from toddler to adult. Reading each section gave me an idea as to how to increase responsibility over the years, but if one was looking for quick tips on dealing with a situation they are facing now, they could find what they need easily within the age categories.

    I think the most useful part of the book to me right now (as my kids are still very young, with my eldest turning 5 in December) is the basis of the system; how to introduce your kids to finances, ideas of when and how much to pay them for doing their "work" well and with good attitudes, how to reward the "extra" good behavior, and ideas for how much to pay children of different ages.

    Instead of giving children an allowance just for being a part of the family, or for paying certain amounts for certain jobs, kids are taught that attitude is a large part of system. The system uses points that the children can earn, and they are paid a certain amount for each point. For example, a child might get themselves dressed and eat breakfast every day. But they only get a point if they do these things with a good attitude and without procrastinating. A child might earn extra points by doing a job that isn't asked of them, simply because they noticed it needs to be done. This mimics the "real world" in how an employee might be rewarded by taking initiative and going the extra mile in the workplace.

    The book also discusses family-related topics such as how to manage the television time in the family, what a parent should pay for and what a child should pay for at different ages, when to give your child a financial "boost", or bonus, and when to give them tough love. It talks about the difference on how to manage adult children living at home while they are at school or working and how to manage adult children living at home when they should be on their own. It even touches on supporting adult children who are facing difficult times, such as addiction recovery.

    Because of the way The MoneySmart Family System is geared towards families of all sizes, with children of all ages, I think there is something in this book for everyone.

    Disclosure of Material Connection: I received this book free from the publisher through the BookSneeze®.com book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255 : "Guides Concerning the Use of Endorsements and Testimonials in Advertising."
  2. 1 Stars Out Of 5
    Keep Looking for Another Book
    August 4, 2012
    Anne
    Quality: 3
    Value: 1
    Meets Expectations: 1
    This book is written by the Economides family. This couple paid off a lot of debt about 16 years ago and then began to give advice to other families. Basically, this book could be a "how to" teach your child about spending tool. They've raised several kids and homeschooled (5 kids from beginning to end for $1000). I'm pretty frugal, but I can't imagine homeschooling K-12 for $1000 in total without making a lot of sacrifices when it comes to curriculum or allocating what falls under homeschooling to other budgeting areas.

    Before I go any farther, I want to rabbit trail to our pastor's sermon from last Sunday. It was about awaiting Christ's return and being awake. In the sermon, he mentions that if we don't look to Christ's return and are only focused on our life here and now, then our faith becomes a tool simply to a better life here. What he says about this has really stuck in my mind. That Sunday night in our small group, I realized that this is my concern about many Christian "self-help" type books. It is as if faith in God isn't about glorifying God in our lives--it is really just a means to a better life for us and our families here and now. I think this is really important that we have to be careful about how we view our lives and God's role in our life.

    So, back to the Money Smart family System. This book is a book that reflects the judeo-Christian values that Dr. Dobson often talks about on Focus on the Family, except that God is never (to my notice) mentioned in the book. When the Economides pair recommends books, many Focus on the Family type of books are referenced and authors that I've heard from years past on the show. I was particularly interested in how they explain giving.

    Here are a few quotes:

    "We must help our children comprehend that the money they earn is not solely intended for their personal use or enjoyment--they have a responsibility to be a conduit of benefit to others." p. 70

    "If we can consistently help our children see the benefits that come with sharing the simplest things, they will be inoculated against greed and miserly thinking as they grow older." p. 71

    Reasons for giving include things like how it reduces clutter and opens their eyes (leading to compassion) and teaching the joy of giving. Note, God isn't mentioned in this chapter. Later in the book, there is a chapter on activities to develop activities for character, strength, and scholarships. In this chapter, religious activities are talked about. The positive reason for mission trips? "Being immersed in a different culture and learning how other people live can breed a deeper appreciation and greater satisfaction for life at home. Beyond that, it could open your child's heart to a possible career or avocation helping others in need." p. 123. Really? What about God? Serving Him and loving others because He first loved us.

    This book is not what I'd recommend to a Christian family. God isn't a part of the picture this book presents. Is it a book I'd recommend to a family that wants to live a moral life, but doesn't believe in God? Yes. That's who this book is for. Is there a danger to a Christian family following this model? I think so. I think one of the greatest pitfalls for our children to believing in God is the strong American value that we can do it ourselves. We don't need help or need anyone else. We are always hearing "Believe in yourself" . We need to be careful to teach our children, I believe, that everything we have comes from the Lord and we are to be good stewards of it.

    To sum it all up: if you're looking for a list of age appropriate chores, check this book out of the library. Aside from that, I don't recommend this book.

    Please note that I received a complimentary copy of this book from Thomas Nelson Publishing.
  3. Age: 25-34
    Gender: female
    5 Stars Out Of 5
    August 1, 2012
    DUCKgirl
    Age: 25-34
    Gender: female
    The MoneySmart Family System

    The MoneySmart Family System:

    Teaching Financial Independence to Children of Every Age

    By Steve Economides and Annette Economides

    Book Description

    Is it possible to raise financially responsible kids of any age in a society filled with consumerism and entitlement?

    New York Times best-selling authors Steve and Annette Economides raised their five kids while spending 77 percent less than the USDA predicted. And the money they did spend was also used to train their children to become financially independent. The MoneySmart Family System will show you how to teach your children to manage money and have a good attitude while they're learning to earn, budget, and spend wisely.

    Learn how to:

    *Get the kids out the door for school with less stress. *End the battle over clothing—forever *Teach your children to be grateful and generous. *Inspire your kids to help with chores as a member of a winning team. *Prepare your kids for their first paying job. *Help your kids pay for their own auto insurance, and even pay cash for their own cars. *Employ strategies for debt-free college educations. *Truly help your adult children when they want to move back home. *Be prepared to deal with your adult children when they ask for bailouts.

    With clear steps for children of every age, The MoneySmart Family System proves that it's never too early, too late, or too hard to start learning financial responsibility.

    And all the money handling advise was awesome.There are lots of tips, advise and just plain good ideas in this book that I really think can be made to apply to every family out there. Did they all fit my family? No, of course not. But I can take what I've learned in this book and apply it to my family.

    I received a copy of the book in exchange for a review. No additional compensation has been received and I was not required to write a positive review.
  4. Age: 25-34
    Gender: female
    5 Stars Out Of 5
    The Moneysmart Family System
    July 31, 2012
    msmith
    Age: 25-34
    Gender: female
    Quality: 5
    Value: 5
    Meets Expectations: 5
    Description on back of book:

    Is it possible to raise financially responsible kids of any age in a society filled with consumerism and entitlement?

    New York Times best-selling authors Steve and Annette Economides raised their five kids while spending 77 percent less than the USDA predicted. And the money they did spend was also used to train their children to become financially independent. The MoneySmart Family System will show you how to teach your children to manage money and have a good attitude while they're learning to earn, budget, and spend wisely.

    Learn how to:

    *Get the kids out the door for school with less stress.

    *End the battle over clothing—forever

    *Teach your children to be grateful and generous.

    *Inspire your kids to help with chores as a member of a winning team.

    *Prepare your kids for their first paying job.

    *Help your kids pay for their own auto insurance, and even pay cash for their own cars.

    *Employ strategies for debt-free college educations.

    *Truly help your adult children when they want to move back home.

    *Be prepared to deal with your adult children when they ask for bailouts.

    With clear steps for children of every age, The MoneySmart Family System proves that it's never too early, too late, or too hard to start learning financial responsibility.

    My review:

    Let me tell you that I really enjoyed this book. Not only did each chapter really break down the topic at hand, but it gave you multiple ideas. For example, the clothing chapter. I have five kids, we have a lot of clothing. My girls are 16, 13 & 11. The boys are 7 & 2. So the 16 year old is always passing her clothing down, but my 13 year old isn't into that size yet, so they collect and fill up her drawers and closet. What a great idea it was to put them in boxes, make a file system, number the boxes and find the box when we need it. I mean, who knows, the 11 year old might need the 16 year old's clothes before the 13 year old. We all know that kids grow differently!

    And all the money handling advise was awesome. I've tried to teach my kids the importance of saving for the future, whether that it a toy, a trip or college. But it seems like only one of my kids actually listened! There are lots of tips, advise and just plain good ideas in this book that I really think can be made to apply to every family out there. Did they all fit my family? No, of course not. But I can take what I've learned in this book and apply it to my different kids, at their different ages and hopefully help them become "Money Smart".
  5. TX
    Age: 35-44
    Gender: female
    5 Stars Out Of 5
    Great Ideas for Teaching Money to Kids
    July 31, 2012
    Svlemommy
    TX
    Age: 35-44
    Gender: female
    Quality: 5
    Value: 5
    Meets Expectations: 5
    This is something we're just starting to teach or 5 year old. We're working with him to understand saving, tithing and budgeting. To be honest, it's something we're learning ourselves as well.

    This book has the goal of teaching children "to be independent, self-sufficient, and mature adults who can stand on their own two feet financially." I wish I'd had this training before college. Really... although it's never too late to start and learn.

    This book describes how the authors taught their children to earn and manage their money. It also teaches how to set up a similar point system for earning. I think I really like this idea and am trying to set up a similar system for our children.

    They teach what each child should do to earn their points and how to figure out what each point is worth at the end of the week. It's really a simple system. I'm just not sure about paying my kid to be good at school or to complete homework. Maybe that will work, maybe that will cause problems...I have to test it out to see.

    They have a helpful chore chapter with appropriate chores broken down by age. Again, I'm not sure about paying for this. I think that learning through a consequence for not doing something is more effective. I'm willing to try though.

    I like that the book deals with learning past the school ages. Really, as parents, we don't expect our children to stop asking for guidance or help or advise once they walk the graduation stage. I know I still look to my parents for ways to do things.

    There are several chapters dealing with teaching kids how to manage the money they own. These are open to customizing for your particular family.

    I received a copy of the book in exchange for a review. No additional compensation has been received and I was not required to write a positive review.
Displaying items 6-10 of 10
Page 2 of 2 Previous 12