As the founder of a money management site for families, I’ve been studying and implementing strategies for teaching kids good money habits full time since 2006 (and as a father of 5, I’ve been dabbling in the area long before then). Suffice it to say, I’ve read just about everything written on the topic of kids and money. After reading Smart Money, Smart Kids by Dave Ramsey and his daughter Rachel Cruze, I can confidently say it’s now among the top two on my recommended reading list for parents (the other being The First National Bank of Dad by David Owen).
Smart Money Smart Kids is wonderfully practical and thoughtful. Its concepts are conveyed through real stories that keep the text engaging and memorable. Even if you don’t consider yourself a Dave Ramsey devotee (I’ll admit that a few of his stances drive me crazy) or you aren’t coming at this from a Christian perspective, you’ll get a lot of value out of 99% of this book. At minimum, reading the book will force you to systematically think through how you are teaching (or plan to teach) your own kids about money at each stage in their development. I guarantee you’ll find the book helpful if you’re interested in teaching your kids good money habits.
Some of my favorite themes from the book include: