Thursday, August 9, 2012
Raising Financially Confident Kids by Mary Hunt
Raising financially confident kids by Mary Hunt is really a must-read for parents of children (of any age). As the founder of Debt-Proof Living, Mary is obviously very knowledgeable on debt, and finances. Mary herself was at one point in financial crisis, with almost insurmountable debt to her name (over $100,000). The family paid off their debt, and also developed a plan for their children, which Mary outlines in this book. In essence, the family would give each boy a salary at a certain age, and they would have to be fiscally responsible for meeting most of their own needs every month. Mary teaches on how our children are bombarded with materialism, and how to combat the incorrect teachings on debt and consumerism. Mary teaches you how to educate your children about banking, saving, spending, identifying need vs. want, compounding interest, and other very important topics. I espcially liked the fact that Mary was age specific in her do's and dont's, such as do let your pre-schooler see you deposit money in the bank, but don't take them shopping with you at the store or mall etc. The author was spot on in her teaching, and I love ALL of her books, including this one. Please do yourself, and your children a favor, and buy this book! 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".