Read Smart Money Smart Kids: Raising the Next Generation to Win with Money by Dave Ramsey Rachel Cruze Online

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Dave Ramsey and Rachel Cruze teach parents how to raise money-smart kids in a debt-filled world....

Title : Smart Money Smart Kids: Raising the Next Generation to Win with Money
Author :
Rating :
ISBN : 9781937077631
Format Type : Hardcover
Number of Pages : 272 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

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

  • Julie Carpenter
    2018-12-24 12:43

    I liked the information given throughout this book and also the way it was presented. Both a parent and child (ok grown child now) sharing their thoughts and experiences with finances. It may need some modifications depending on each person's experience but great for foundational information. I really appreciated the comments made about not creating the expectation for children that they get or should have each new thing. That we should show and teach contentment and gratitude in our homes. When we're happy with what we have (obviously there's a wide range of people with nothing to people with abundance) that helps place them in a better beginning financially and doesn't find them constantly trying to "upgrade" items. Now the goal of this gratitude and contentment is heading towards less spending, greater saving and the ability to create a better life for you, your family and your children to create a better life for them and their future. I liked reading the sections of Rachel (his daughter) as a teenager and the lessons she learned through hard work and sacrifice. Also how Dave would have a comment after Rachel's thoughts where he would add side notes of his experiences, or what brought him and his wife to teach a certain concept to their family. Overall great advice, and not all strictly financial. Again I think that not all will apply perfectly to everyone but there are lots of great ideas and suggestions on which to have a foundation to build upon for your individual family's needs and focus. I'd definitely recommend this to anyone with young children or teenagers. My mom bought copies for all my siblings and I after listening to one of Dave's programs where he talked about this book. I'd say find it at your library or request it so multiple people can use the info. There are ideas for younger children, ideas for teenagers and up that I will be referencing back to this book off and on because I liked what was presented for different stages of life! I'm getting to the point in life where college for my children isn't too far away. Happy Reading!!!

  • Doug
    2018-12-30 08:38

    I generally like the content and messaging that comes from Dave Ramsey. I have read his book "Total Money Makeoever" many times over the past few years and appreciate his mission to help folks acheive financial independence. However, I don't think there is much new here in his book co-written with this daughter. I think of lot of the principles and discussions in this book, were addressed in TMM and that this merely repeats those themes while asking his audience to fork over another $14.99. As a parent of 3 small boys, I realize that my financial behaviors will likely become their financial behaviors. I chose to read this book to gather some insights and new ideas about how to involve them in financial decision-making and put them in a position to be financially responsible when they become an adult. Whie there are a few new ideas here and items I can put into practice, I think most Dave Ramsey "fans" will feel that this is a bit redundant. If you are a parent of youngsters and are new to Dave Ramsey, I think this is a good resource for you.

  • Sarah
    2019-01-12 08:13

    Ages 5-13: Pay child on commission; money for some jobs. Pay weekly. At payday, teach to save 20%, Give 10%, spend rest. Write down savings goal so they can see it daily. Teach them to give money and time to others."Raking leaves, cleaning the house, or being responsible for feeding the pet creates a sense of accomplishment, the sense that they actually did something that they can feel good about. It makes them feel confident that they can go out and win."Ages 14-18: Open up a checking account in your child's name. Put all the money you spend on them(clothes, sports, clubs, lunch) in there, plus the weekly commissions that they earn. Plan a budget based on your child's income and a what they need/want to spend it on. Give, Save(emergency fund of 500 minimum (car repairs, etc.), college, car and repairs, computer, trip, gifts), Food (eating out, school lunch), Clothes (sport, regular), transportation (gas, insurance, oil change, license and taxes, bus), Personal (cosmetics, hair, music, gifts, pocket money, cell phone), recreation (movie, concerts). Balance checkbooks once a month as a chore. In addition to teaching budgeting, teach your child about investing and avoiding debt at all costs. "Saving money requires emotional maturity. Delaying pleasure is one definition of maturity. Adults devise a plan and follow it; children do what feels good." "A budget creates boundaries. That's the great thing about being purposeful in how you plan your money - it sets limitations for you.""Children who can learn to plan and be forward-thinking are more poised and confident because life is not always happening to them - they are happening to life.""Give them some freedom to make their own mistakes. Be careful to make this a positive experience for them so they can grow to love the process and benefits."Wedding: 55% reception (facilities, food, drinks, decorations, cake, band, parking, transportation), 12% ceremony (flowers, location, officiant), 10% photography+videographer, 10% wedding planner, 8% dress and tux, 5% miscellaneous (bridesmaid and groomsman gifts, wedding bands, invitations, thank you notes, marriage license)."When you teach your child to lean on a plastic crutch, you are teaching them that they don't have to delay pleasure, or sacrifice, or save up and pay cash for things. You are teaching them that they don't need to save for a rainy day, because the plastic umbrella is always there. You are teaching them really bad values that will lead them into debt, which may take them a decade to clean up.""Getting a credit card doesn't make your student an adult; it makes her a slave to debt and sets her on a potentially lifelong course of spending money she doesn't have. When you train your child from a young age how to spot those marketing tactics, and if you teach her that the borrower truly is a slave to the lender, you'll empower her to walk right past the debt salesman.""If he learned early on to save up and pay cash for cars, and if he learned about budgeting, debt, contentment, and the other things we're talking about in this book, he wouldn't have that payment. That means he'd have $492 extra in his monthly budget to save and invest. If he were to invest that $492 into a good growth stock mutual fund his entire working lifetime - age 25 to 65 - he would retire with $5,846,153. He'd be a millionaire by age 51 and have almost 6 million at retirement simply because he paid himself a car payment all those years."Ready to buy a house/save for college: "completely out of debt, have a full emergency fund of 3 to 6 months of expenses in the bank, contributing 15% of income to retirement, and have a down payment of at least 10 percent (20 is better)."Saving for college: 1st $2,000 per year in an ESA (growth stock mutual fund). Next, contribute to a 529 plan: "Stay away from plans that fix or control your investment options. You also need to stay away from the prepaid state tuition plans. Only do the kind you can put into a growth stock mutual fund and that allows you to control and move the investment."On college: "You must lovingly guide your "grown" teen in his college choice and field of study. Keep the lines of communication open, and be ready to pull the money away if necessary to save him from himself." "As your child hits her senior year of high school, I want to suggest a new part-time job for her: filling out scholarship applications. I recently talked to a new college graduate, and she told me that all through the spring semester of her senior year of high school, her mother made her fill out two scholarship applications every day. That took maybe an hour a day, and at the time, this girl was not happy about it. But her mom wouldn't let her off the hook, no matter how much she complained. Then the award letters started rolling in. By the time she started college, she had enough scholarships to give her a completely free ride for three years! That meant all she had to do was work enough during those three years to save up for her fourth year's tuition."FAFSA during senior year for scholarships, grants, and assistance child is eligible for. Take ACT/SAT at least three times."A part-time job will actually not hurt your child's grades; it will improve them. Studies show that students who work 10-19 hours a week actually have higher GPA's on average than students who don't hold jobs while in school. There are even studies that show how much a student's GPA goes up the more he is responsible for paying for his education. This might seem counterintuitive, but think about it: You value what you pay for, remember? We saw that when we talked about buying a car. If your child is financially invested in his own education, he's more likely to place a higher value on it and work harder to make the most of it. And if he's managing a job while in college, he also gets the added bonus of learning things like priorities, goal setting, and time management.""Contentment is a spiritual experience that allows peace in the middle of a storm, but that peace isn't necessarily passive. It may very well be active. A content person still wants to do better and be better; he's just not pinning all his hopes and dreams on that one thing. He may say, "If this is all I ever have, I'll thank God and call myself blessed. But if I can grow and change and make a bigger impact on the world, then I'm going to do that." A content person doesn't avoid making decisions; he just doesn't feel the pressing need to make rash or stupid decisions. It is not necessary to be stagnant or unmoving to be content. So content people may not have the best of everything, but they make the best of everything."On Jealousy/envy: teach your child to be happy for others blessings. Hope for themselves one day.Limit remove friends/advertisements that encourage stuff/comparisons/wanting tons of stuff. Remind that stuff will not fulfill. "Celebrating the accomplishments and character qualities that enabled them to make the purchase reminds your children that they are not defined by the abundance of their possessions. Purchases are always the result of a goal, not the end goal. Never let a child utter the words, "I will be happy when..." Contentment isn't a destination; it's not somewhere you're leaving from, and it isn't somewhere you're heading to. Contentment is a manner of traveling. It's an attitude of peace and joy where you are, even while you are working to be somewhere else.""A heart filled with gratitude leaves no room for discontentment.""Why is it that a two-year-old is often happier playing in the box a toy came in rather than playing with the actual toy? Why is it that children living in poverty in third-world countries seem happier and more content than kids in wealthy nations? Because neither is caught in the trap of comparisons. They don't know what they are missing out on. They are simply grateful.""Make sure your heart is full of gratitude for the blessings in your own life. Let your children witness this in you, and they will want to respond with gratitude for the blessings in their own lives.""When your child is focused on meeting the real needs of others through giving, it becomes harder and harder for him to focus on his wants.""Winning with money also means getting comfortable doing some good, old-fashioned hard work. It means learning patience, delayed gratification, and contentment. It means developing the heart of a giver. Personal finance is only 20% head knowledge; the other 80% is behavior.""To avoid this insanity, we as parents simply must say no sometimes - and stick to it. We need to assert our control and command over our households. Don't think for a second that your children aren't smart enough to manipulate you. They are. And they will as long as you let them.""As a parent, let your yes be yes and your no be no. No is a complete sentence. It doesn't need an explanation. Have integrity. Stick to your answer. And enforce consequences for fits or negative outbursts that result from the healthy, loving boundary you set. Saying no and sticking to it take tremendous energy in the moment. However, over the scope of your life, it takes less energy because nothing is more draining than an eight-year-old brat or a self-centered teen. Few things in life are more disheartening than watching your adult child fail in his relationships, finances, career, and every other area of life because you never set boundaries for him as a child. Saying no takes energy at the time, but it saves your life and your child's life in the long run."Grown child moving home: only for crisis. 1st, make a time limit. 2nd, they must be doing things promote healing (looking for a job for 3 hours a day, do a budget and show it to you, save a certain amount per month, exercise, good sleep, counseling). 3rd, act according to your rules (no drugs, coming home at reasonable hour, doing chores around the house). "Is this helping my child become the self-supporting, healthy, mature adult I want him to be?""You will never win with money by accident, it takes planning."

  • Darla
    2019-01-02 12:23

    DR's foundational advice on giving, saving, and spending were right on target; but nothing exceptionally new. His advice on cars and college completely missed the mark. Either he has his rich dad rose colored glasses on, or Tennessee and California are worlds apart, or it has been a long time since he has been in the trenches but his reccomendations were down right delusional.

  • Blake
    2019-01-05 08:43

    This would be extremely helpful if it were a mandatory read in economics class... i mean its helpful regardless. i just wish more people could read it and utilize it

  • Christine Lussier
    2018-12-28 11:23

    I felt Smart Money/Smart Kids was a good read. If I had never read a Dave Ramsey book before, maybe I would have enjoyed it more. I did skim through most of it--many of his stories everyone has read/heard before. I didn't really find any information that I didn't already know. A library borrowing book for me.

  • Suzi Sullivan
    2019-01-13 11:16

    Excellent and practical book addressing EVERY topic of parenting finically literate kids. With "kids" who are 21 and 23 years old, I particularly appreciated Dave's and Rachel's coaching on weddings and life after graduation. I will definitely buy additional copies to be shared as gifts. I also have the audio book and it was awesome to hear Dave and Rachel reading in a fun, casual tone!

  • Keren Threlfall
    2019-01-11 12:25

    For many parents of Millenials, there were two topics which were simply verboten subject material for discussion with their progeny: money and sex.This was certainly the case for both my husband and myself and the families in which we grew up. On the latter, none of our four parents spoke much at all, all the way up through our wedding day. We knew our parents expected abstinence until marriage; but that was about it (though we both heard and made decisions based being taught within a "purity culture" that existed within our churches, camps, and schools). Similarly, we were left in the dark on our parents' finances; other than knowing that 1) you work hard to earn money and 2) usually, debt is bad. The specifics, though, were private matters, not open for parent-child discussion.While we can hardly blame our parents for being a product of their time, lack of knowledge in both areas left us making  poor choices, and it has taken us years to understand aspects and principles that could have allowed us to make much healthier choices as we entered adulthood and began our family.During his years giving advice as a personal finance radio host, coach, and author, Dave Ramsey recounts that one of the most frequent comments he heard was, "I wish we'd heard this advice years ago!" Together with his daughter, Rachel Cruze, Ramsey had a vision to ensure that the next generation doesn't have to say the same thing.Dave Ramsey will leave it to others to tell parents how to talk to their kids about sex, but Smart Money, Smart Kids: Raising the Next Generation to Win with Money is all about helping parents raise their children with knowledge and wisdom to handle money well. But it's not just financial advice for children; many adults will find this to be a helpful survey of personal finance that will contribute to their own motivation and change, as well.Like many others, I have definite concerns over Dave Ramsey's often caustic tone, as well as his push that certain of his opinions are universal principles. Still, I am also aware that he has helped many people (generally those outside of genuine poverty) who need and information advice in the area of personal finance.While I worked my way through the book and as Cruze and Ramsey presented examples and scenarios, I frequently found myself making mental note that certain solutions would not work for a number of different complex situations. I was glad to find that at the end of the book, Ramsey goes through multiple examples of applying his advice within alternative family dynamics (e.g., grandparents raising grandchildren, single parents, etc...) and complex situations where the authors also emphasize extending grace and avoiding legalism. (Their definitions of grace and legalism are certainly not theological definitions, though!)Regardless of how you choose to teach or apply the advice the Ramsey and Cruze give here, I think this book is a strong motivator toward at least being more proactive in intentionally teaching children about managing their money. It's important to note that he frequently sets an adversarially tone toward a parent-child relationship; but once those are noted, the advice can still be helpful. Table of Contents

  • Emily
    2019-01-03 14:38

    Great practical information!

  • Dmreichle
    2019-01-03 15:34

    I'm really struggling with the rating for this book. I hate to give a Dave Ramsey book a three (and that's generally the lowest rating I give to any book that I actually finish), so I am starting at a cautious "four". Anyway, I wanted very badly to love this book. After all, I love Dave Ramsey, and my family has paid off nearly $80,000 in debt by following the principles he teaches. Therein lies the problem I think; he only has one message, and he's taught it well in his basic book, "The Total Money Makeover", and consistently conveys it on his radio show daily. So I feel like I've already heard it all. The book goes back and forth between Dave's perspective, and his (grown) daughter, Rachel's perspective. While it might be slightly interesting to learn what growing up Ramsey was like, it didn't really TEACH me anything new. The chapter on college and college debt is good. I am going to read it aloud to my almost-college age kids. It's just basics but still a good read. The basic child and teen budget was helpful to me as well; just to break it down. That is Dave's strong suit; taking things that seem overwhelming and breaking them down into simple, "baby steps". I will take the budget template from the book and use it with my three teenagers.Besides teaching stuff I already knew, the book has some other issues, however. It really speaks to teaching your children from a very young age these principles. Well, that's too late for me. And he doesn't really adequately address doing course corrections with older children. He also doesn't address a lot of my own personal questions/issues, which I guess I shouldn't expect, since he can't address every concern in one book. But I would think it might be a common question to ask something like....what to do for a grown child who hasn't yet gone to college but is maybe getting to the point of maturity to go? He doesn't address the idea that some children may not even NEED to go to college. He just assumes it. Lastly, and I hate to say it, but he comes from the perspective of a wealthy parent. Now, I know his background, I know he went broke and lived with beat up cars and coupons and beans and rice. So I know he can relate to the position of not having much. But my point is that he was working through these things while his children were very young, and by the time they were in college, he was wealthy again. I don't think that diminishes his teachings; it somewhat substantiates them. However, I am still in debt and have college age kids, and this book has maybe about a paragraph for me (basically saying that the kids are stuck paying for college themselves). So a lot of what I hoped to learn and gain didn't materialize in this book; hence my debate over the rating. I would recommend it to young parents who are starting out, however, particularly those who are new to the Dave Ramsey teachings. For myself, I'm glad I borrowed it from the library.

  • Carrie Rose
    2019-01-13 15:19

    This book was disappointing. I'm a fan of Dave Ramsey and I generally really like his books. But this one was full of overly rigid ideas that I often disagreed with. The Ramseys also seemed fairly out of touch regarding how much money most parents can afford to spend on their children.For example, one major point of the book was that teenagers should be saving for their first car that they buy when they're 16. I think this is silly! Most 16-year-olds should not have cars! I wouldn't necessarily forbid my child from buying a car if she paid for it herself, but a car for a 16-year-old is a luxury, not a need. Most parents are hoping that their 16-year-olds are a couple of years away from college, and that should be a much bigger savings goal rather than a rapidly depreciating, dangerous vehicle in need of insurance and constant maintenance. Dave Ramsey actually subsidized his children's car purchases by matching their savings, so half their cars were bought with his money. While I do think that matching can be a good way to encourage children to save, and I do think it's a good lesson to teach children not to buy cars with loans, I just don't like the book's premise that all teenagers should be saving for cars. It turns out that the Ramsey children could afford to waste thousands of dollars on their cars, because they had parents who would foot the entire bill for their college, weddings, and houses. But most teenagers would be better off saving for these big future expenses rather than counting out their parents.Rachel Ramsey, the co-author of the book and Dave Ramsey's daughter, told the story of how her parents paid for her wedding. They gave her a huge check (the amount wasn't given, but I'm sure it was an amount I would find huge) and told her and her fiance to make all the plans. She came up short and just couldn't figure out how to stretch the money to get everything she wanted. She called her parents and pleaded and they decided to give her more! This is just a crazy story. Dave and Rachel seem to think that it shows how well Rachel was raised with respect to money. To me, this is a terrible example! I'm sure there were things that Rachel could cut - she just didn't want to. And didn't she or her fiance have any money of their own? (I guess it was still all going to their cars!)I really don't fault Dave Ramsey and his wife for paying for all these things for their children. They can afford it, and their children are grateful. But they shouldn't be holding themselves up as an example of how to teach children to budget and avoid debt. All of us could budget and avoid debt if we had benefactors handing over money for all our needs and major wants!There are still some good ideas in the book about how to pay for college without debt and encourage children to work and save. It just seemed so overshadowed by the privileged lives of the Ramsey children who were constantly presented as examples.

  • Erica
    2019-01-20 16:39

    I love me some Dave Ramsey! No matter how you feel about him personally (as I've heard many people say they think he's "mean") you cannot deny that his methods work. By the way, I don't think it's mean to call stupid behavior stupid. I think it could quite possibly be one of the kindest things to say to someone. "What you are doing is stupid and not working and something needs to change." Anywho, this book which he co-wrote with his daughter about raising kids to be debt free throughout their life is GREAT!! I underlined half the book, it seems. Parts of it were repetitive, but I think with good reason. Most people don't hear what they need to do one time then go do it. It was repetitive because we as humans need MANY reminders on how to do the hard thing. And delaying gratification, saving up, and saying "no" are certainly hard things. Especially in this society.This book made me excited to teach my kids to "win with money" and not be controlled by debt. I want more than anything to teach them how to be good stewards of what we've been blessed with. And I want them to be excited about GIVING!! I don't want spoiled, entitled children and this book helped give me specific ways to avoid that mindset. If you have kids, no matter the age, you should read this book.

  • Elsa K
    2018-12-25 15:21

    I think this book is great for anyone with kids. If you are familiar with Dave Ramsey, it is his general ideas brought down to kid level. You can start doing it with kids who are 3 years old! I look forward to teaching my kids to stay out of debt, win with money and not fall into the mistakes of their parents. I love how purposeful and practical it is, yet easy to do. I also appreciated the chapters on teaching kids contentment, how to have fun as a family etc. I think this read is an essential for parents. I wish I had learned this stuff at a younger age.

  • Naomi
    2018-12-23 10:15

    The authors rhetoric of "winning" with money is very off-putting to me. What I did like about this book is the practical tips about training and raising your kids to be wise with the money they have. Many of the ideas in this book are what we plan to do with our boys such as separating money/allowances into save-spend-give categories, starting when they are small to save up for desired purchases, instructing them on the realities of credit card debt and interest with student loans as they near that stage of life. I don't endorse the same hard line they do about never taking out loans and credit cards, but I do appreciate their push back for people to keep their spending within the limits of their actual income. Sadly, many young people and families are crippled by debt and bad financial choices and I hope to help our boys navigate these issues with wisdom and self-control.

  • Created for Home
    2019-01-17 09:40

    Dave Ramsey and Rachel Cruze set out to write a book to practically give parents the tools to teach their children how not to be in bondage to money and society’s standards of what our finances should be like. And they sure did succeed.In Smart Money, Smart Kids, you learn the best age spans for introducing working for money, saving, giving. How money is tied to work, and letting the children learn that money can work for them. They give you ideas on how to teach about savings (which for kids, it is different than for adults with how their minds work) when to introduce giving and tithing to your children and how to set it up practically so they can understand.You get shown through the teen years and how to broach the concepts of paying for college without student loans, saving for things like a car and even having your teen have their own emergency fund (what parent wants to keep replacing broken cell phones or lost items of your child? Let them have their own fund to do it themselves, they’ll learn responsibility much faster that way, I’m sure).The over arching theme in this book is contentment and responsibility. As parents it is up to us to teach our children to be content with what they are blessed with. In our family, that is not letting them have the latest and greatest of everything that comes out. We involve them when it comes to service to others and giving things to a local mission. It probably also helps that our girls (Bugs, 7 going on 30 at times and Beans, 6) aren’t exposed to the normal marketing to children their age (we don’t own a television, so no commercials to infiltrate them. Though, I will say, last summer they got to watch way more regular broadcast TV when we were dealing with my mom’s health crisis and subsequent passing and to this day [a full year later] my youngest still can tell you the commercials she saw those weeks on the TV and asks for those items. The marketing worked, that is for sure, and it is very disturbing how well it did).It is also our responsibility as parents to teach our children to be responsible with whatever blessings they are given. Children learn responsibility step by step as they grow and mature. It isn’t an overnight process. My 7 year old is normally very responsible. She can be trusted to cook on the stove top. She didn’t get there overnight. She was with us as we cooked from a young age, then allowed to help add things to the pot and stir. She can now make better pancakes than I do. I’m not saying we let her go for it totally unsupervised (we don’t) but she is now capable through systematic training to able to do such a task. The same holds true with money. We give them a little to manage and plan with and as they learn to be responsible for a little (for me it is a big thing to let them bring their money to the store and not lose it) they are learning to be responsible for much more in the future.This book is also good for helping those of us who were not raised with smart money principals to start to deal with our pasts. I was raised in a home where money was always worried over, argued over between my parents, but never discussed with us children. I was ten before I was allowed to spend any of my own money ever and when I did buy my pocket popple from the Base Exchange, I was made to feel guilty because I didn’t *need* the toy and I had *wasted* my money. I deal with extreme guilt spending my own mad money on a regular basis to this day from how I was raised. I want better for my children. I don’t want them to hear my voice in their head when they are an adult telling them that spending their mad money is wasteful, stupid or a bad idea. I don’t want them to live in the bondage I have to break through near constantly in regards to money. Smart Money, Smart Kids is helping me to give my children the legacy I was denied. They will have a legacy of freedom with money unlike I do, and the thought thrills me.This book is so wonderfully written. It is done with both Dave and Rachel taking parts and in such a wonderful conversational tone that it is nearly like you are sitting in a room with them having a nice chat. The tone is so encouraging throughout the whole book that it makes such a tough and complex topic seem so much easier to handle.So please, do yourself a favor and go buy this book as soon as you can fit it into your budget. You won’t regret the decision. It will help make teaching your children about the proper place of money in our lives so much easier. It isn’t a quick fix or a simple solution, but it will set you on the right path to have adult children someday who know how to handle money and not let their money handle them.I was given a copy of Smart Money, Smart Kids to review, all opinions are mine and mine alone and no other compensation was received.

  • Thereasa Winnett
    2019-01-01 16:26

    Whether you constantly struggle with debt and finances or feel you have a good, godly grasp on the subject, you may wonder how to pass on skills for handling money, that will not only prevent your children from the stress of debt, but teach them how to use their money in godly ways. Smart Money Smart Kids is written by Dave Ramsey and his adult daughter Rachel Cruze. The book does one of the best jobs I have seen of not only explaining what money skills you need to teach your children, but exactly how to do it.While written from a Christian perspective, this book is not a Bible study. Ramsey and Cruze make no attempt though to hide their beliefs or how those beliefs influence their decisions in life. My only minor disagreement with them from the faith perspective, is that they believe the common Christian idea of tithing ten percent. I wish they had done a little deeper study, because they would have discovered that in the Old Testament people actually gave much more than 10% and in some instances in the New Testament, Christians were selling everything they had and sharing it to help others. Personally, our family tries to operate from the viewpoint that everything is God’s and we try to spend it in ways we believe please him, which generally means giving away much more than ten percent. This is a stretch goal for many and our slight disagreement on tithing does not negate my enthusiasm for the book as a whole.Perhaps my favorite part of the way Ramsey and Cruze give their suggestions for teaching good money skills to our children is that they have really thought through all of the possible angles. I have seen many parenting books trashed by critics who misunderstood the advice or followed it in ways not promoted by the authors. Ramsey and Cruze address this more than once. They give concrete examples of people they have met who have misunderstood and followed advice they never actually gave. The authors are even more helpful because they explain why going to that extreme is actually harmful to your child and re-emphasizing what the original advice would look like in practice.From how to teach saving and budgeting to how to handle paying for college, this book is a great how-to manual for teaching your children about money. Strangely enough, my husband and I found Dave Ramsey after we had already instituted many of these same ideas with our own daughter. We executed a few of them in a slightly different fashion, but the principles were the same.Our family has not done everything perfectly with money, but I will say whenever we stick by the basic principles the Ramsey clan promotes, things go smoothly. The principles work – we can testify to it. Not only do my husband and I avoid financial arguments, but we have raised a child who is incredibly hard working and extremely money savvy, while also being extremely generous. (I was given a free sneak peek by the authors in return for my honest review. I think it is a must read for every parent)

  • Beth Peninger
    2019-01-12 15:40

    I'm really bad with money. My husband is better but he is at the opposite end that I am. He will tight fist every penny and I spend every penny. Neither is a good, or healthy, place to be in regards to money. And we have children that I want to be better than me. One of our daughters has a good head on her shoulders regarding money, not sure how she does but we are grateful. The other daughter thinks money is a never ending supply available to her. Because of this, and because of my anxiety over their futures for cars and college and life, this title from Dave Ramsey and his daughter, Rachel Cruze, caught my eye. Narrating back and forth Rachel and Dave lay out the case for teaching children to win with money. Basically teaching them to control the money and not allowing the money to control them. I would love this for my girls. I feel like money controls my husband and I rather than us having the power. And I hate it. So for my girls to have a better approach would be wonderful. I'm tempted to think "it's too late" because my girls are 16 and 14 but in one section of the book Cruze actually says, "It's not too late, it's never too late." Okay well *that* pity party is over. So I feel thoughtful upon finishing the book. Wondering how my hub and I can turn things around for our children. We are quickly approaching both car and college and it has my stomach in knots. But as Dave and his daughter point out, it can't be just one parent making the changes or setting the standard. It has to be both parents presenting a united front. So maybe the hub needs to read the book and then we can discuss. The authors give practical counsel and good tips for raising money-smart kids. Based on Dave Ramsey's lessons for adults their ideas and counsel for teaching kids to win with money they help parents see how they can set the stage for financial success. But warning, it requires parents t say "no" and mean it, to be firm in their decisions, to make a choice to not enable their children. Ah, parenting. Not for the faint of heart and financial training is certainly a piece of that.

  • Sarah
    2018-12-21 09:14

    If “Raising the Next Generation to Win with Money” is a priority in your parenting, then you need to read Smart Money Smart Kids by father and daughter team Dave Ramsey and Rachel Cruze. The book’s basic information will be familiar if you have read any of Ramsey’s books or listened to him at all. However, the difference is that it is directly written to parents who want to instill financial wisdom in their children. Also, it was nice to have it written from the point of view of a daughter who was raised with these principles and it is now succeeding as a financially responsible adult.The chapters include Work, Spend, Save, Give, Budgeting, Debt, College, Contentment, Family, and Generational Handoff. They are easy to read, informative and practical. My husband and I having been working through Dave Ramsey’s principles ourselves, but now this month we are beginning to plant these principals in our children’s lives and heart. This will be our “generational handoff” to bless their generation and future generations of our family.Disclosure: I received this book free from the publisher through the BookLook Bloggers book review bloggers program. The opinions I have expressed are my own.

  • Nicole
    2019-01-16 10:38

    4.75 stars (lol). LOVED THIS BOOK! LOVE DAVE RAMSEY! His commonsense approach to money management is such a breath of fresh air in general, so I was happy that he and his daughter published this book on how to teach your children the same principles. They have some great ideas presented on how to get kids started EARLY on effective, healthy and productive earning, spending, saving and giving. My oldest son is currently reading this book at his mama's request! :)Why not the full 5 stars? I understand the strict adherence to the goal of no credit cards - and the preaching and preaching of Dave as to why this is necessary - but we are a family that pays ours off every month and take huge advantage of the cash back rewards. In fact, we paid most of a season of hockey last year with our Costco cash back from our AMEX business and personal credit cards. I understand this isn't feasible for everyone and so Dave needs to be adamant on this point BUT there is room for wiggling if you are a responsible money manager and have applied Dave's principles throughout your life.Great and necessary read for all parents and kids! Recommended.

  • Kari
    2018-12-24 09:33

    I really liked this book. It read like a mix between a biography, a talk at the dinner table with Dave and his daughter, and some real smart money principles mixed in with it. There was some great information in here, even for someone like me, coming kinda late into this whole "smart with money" thing. We've been doing the Total Money Makeover since 2009 and we're in the dregs of it now, with all debts but a looming second mortgage that we've been chipping away at for approximately 75 years. I was reminded how important it is to live the live I'm learning how to live with money, but to also BE INTENTIONAL about it and TALK ALL THE TIME with the boys. Which I haven't done. Great information about how to work and teach all ages of kids, and had a great section on teens buying cars and saving for or working through college. All great, relevant items, with the bonus of being just a fun read.If you're looking for a more detailed plan of a book for yourself, I recommend starting with The Total Money Makeover, then move on to this book. If you're already on board with Dave, this is a great book to read to inspire hope and keep you pushing on.

  • Leslye
    2018-12-27 10:15

    I'm a big fan of the Dave Ramsey system & principles and have read Total Money Makeover and recently listened to the set of discs that come with FPU. Having been exposed to all of the other Dave Ramsey materials caused this book to primarily be a review for me. There were sections that were word for word regurgitation from the audio discs of the live stage show that is put on by Dave and Rachel. The information is good and if you haven't been exposed to Dave Ramsey before it is very helpful, but I did find myself skimming a lot of sections because I was already familiar with them. There was helpful information about getting your child to understand and manage money better and the worksheets in the back are very helpful. The most pertinent section for me was the discussion about how to apply these principles to different family structures. Overall, good book but a lot of overlap with his other materials.

  • Lindsay
    2019-01-21 10:41

    Great principles for kids. I learned a new twist on some good basic ideas. My favorite chapters by far are the chapter on Giving and the segment at the end, on parenting, and living by the rope. Beautiful, and they both left me feeling inspired and with tears in my eyes.I can't quite leave without saying that it's not anyone's choice on how much money they are raised with or that their parents have. Considering the amount of money that this girl was raised under, I think both her and her parents did a fantastic job at making it work. (But be prepared because, there was a lot of money). The principles still apply, even if we can't match our kid's savings for a car. Principles.If nothing else, read the chapter on Giving!

  • Jennifer Frink
    2019-01-01 11:38

    I expected much more from this book. While it was a quick and easy read with some cute anecdotes of Rachel's childhood "growing up Ramsay", learning how to "spend, save, and give", the book was light on technical content...ie, barely a mention of time value of money, and aside from a brief mention of ESAs and 529s, no other content on investing. Some of the advice I downright disagree with...keeping your money in envelopes - really??? And credit cards, as an interest-free loan, are not the devil as the authors dictate. Most of the other advice given is incredibly obvious, ie., for parents of blended families: "All the children are to be loved by all the adults". If someone needs to read this book to get this advice, they have larger problems.

  • Andrew Votipka
    2018-12-28 10:23

    Generally a good book. I disagree with some of his methods. The market does not return 12% annually. Stop using that Dave. It's also super shallow and very....modern regarding parenting ("of course your daughter will love the mall, and boys, and blah blah blah, and no back sass, and you should love your wife more than your kids except if you want to get divorced then that's cool too....).But if you strip away all the cheesy Tennessee crap, it's not a terrible book for ideas on forming good money habits.

  • Lauren
    2019-01-14 10:43

    I've lived the Financial Peace principles for years, and my husband and I have taught him FPU multiple times, so this book didn't really include much new information for me. However, I take it as a confirmation of the things we're doing right and a motivator to change and improve the areas where we're not doing so well. It's also really fantastic to hear Rachel's side of some of the stories Dave has shared for years. Definitely worth the read for parents!

  • Tracy
    2019-01-17 14:14

    Such a good book to read when you have little kids--and teach them how to handle money. Daniel and I have done a lot of what he suggested when our kids were younger--even before i read this. I am a little overwhelmed at his suggestion of getting your 14 year old to come up with a job to earn money. I have been having him do a lot of odd jobs for neighbors--but nothing consistent. Also, not sure we could do the matching money for a car--unless it was really cheap--but they are great ideas!!

  • Laura Haske
    2019-01-17 15:42

    I agree with the financial principles in Ramsey's books. This read generated a few new ideas about how to teach the principles to my son. I especially appreciated the section of the book looking at college costs. The emotions surrounding education sometimes overtake financial common sense. I think financial training is a must for all kids.

  • Eric Reidsma
    2018-12-26 08:15

    I picked this book up specifically for chapter 6 on budgeting, but found the entire book very engaging. Yes, the Ramsey’s are wealthy, but I still found them easy to relate to. Sure there’s still Dave’s debt is dumb spiel, but they give a ton of great advice about how to raise arrows and not boomerangs. A great resource for parents.

  • Nayeomi
    2019-01-10 16:27

    Life changing financial tips for raising money smart kids. Loved it!

  • Krista Cook
    2018-12-22 11:21

    This book is excellent! There are so many great ideas of how to teach your kids to use money responsibly. Most adults should also take this advice!