Smart Money Smart Kids
by Dave Ramsey and Rachel Cruze
Ramsey and his daughter on teaching children money: commissions instead of allowances, three envelopes (give, save, spend), working, contentment, college without debt, and the family culture around money. It is practical by age and Cruze's perspective as the child who was taught this way adds credibility.
Read it if…
you want a structured way to teach your children about money from a young age.
Skip it if…
you disagree with the no-debt philosophy; it extends to college here.
Three things you will actually use
- Pay for work, not for existing.
- Give, save, spend, in that order.
- Model contentment; children learn from watching.
Do this first
Start three envelopes, give, save, spend, with your child's next earned money.
Our verdict
Practical by age.
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