Disclosure: I received a copy of Smart Kids Smart Money for review purposes only. All opinions are my own.
One of things we struggle with as parents is raising our kids to be smart about money. Parenting is hard…I don’t think anyone has ever said it’s easy. How do we teach them generosity and contentment and avoid raising spoiled, entitled kids?
I was just watching the Smart Money Smart Kids book trailer and several things hit me from the video. What Dave said here is huge, and I’m paraphrasing – no matter what is going on right now in our lives, our kids have a clean slate. You can change your family legacy right now.
That may seem simple but yet so eye opening. How we parent and what we teach our kids can change our family legacy. Take a look at the video and see what thoughts you have.
Smart Money Smart Kids Book Trailer
Not only do I want to change our lives and get out of debt but I want that clean slate for my kids. I don’t want them to go into their adult lives with debt. I don’t want them repeating our mistakes.
One thing I’ve learned from my childhood to adulthood and even raising my own kids, is that you can’t always tell someone how to avoid mistakes. Sometimes they just have to make the mistakes themselves and learn from it. However, if you ingrain things in them from a child, they may make the right choices from the start. That’s why I think teaching them how to handle money from day one is so important.
I’m not saying that we’ve been super successful at this so far. We haven’t. We’ve always wanted to give our kids a better life, give them things we didn’t have as kids. But what is all of that ‘stuff’? It’s just stuff and we’re not doing them any favors by giving it to them. We’re creating spoiled, entitled kids who do not appreciate what they have and we’re teaching them that it’s OK to buy whatever you want when you want it. Even if you don’t have the money for it right now.
One of the things that we’ve always done (and is a great tip from Dave Ramsey) is NOT giving our kids an allowance. Our kids have a chore chart and earn marbles for the chores they complete. Once that marble jar is filled up, they earn $20. Then that $20 gets split up into save, spend and give. It not only teaches the kids that they need to work for money but it also teaches them about saving and generosity.
I love Dave Ramsey’s books and I especially love the books geared toward parenting and raising kids. Smart Money Smart Kids launches on April 22. I encourage you to pick it up and make sure your kids get that clean slate.