As a parent I believe teaching kids about money is a great gift My own money experiences were mixed I learned some valuable lessons but made mistakes too That's why I was excited to learn from Ron Blue a financial expert Ron and his wife Judy share their strategies in Raising Money Smart Kids They use their own experiences and years of financial planning to help parents Their book is a guide for parents who want their kids to be financially smart Key Takeaways Discover the power of the envelope budgeting system to teach children about saving spending and giving Learn how to set age-appropriate allowances and encourage goal ownership in your kids Understand the importance of delayed gratification and balanced living in developing healthy money habits Explore effective communication strategies to make financial education consistent and repetitive Discover how to foster a strong work ethic and eliminate entitlement in your children Understanding the Importance of Financial Education Learning about personal finance is key for kids to succeed as adults Sadly most schools don't teach financial literacy This means parents must step in to teach their kids about money before they leave home Why Schools Lack Financial Literacy Curricula A study by the University of Illinois found of young adults are financially at-risk This shows the need for financial education in schools Schools often can't fit it into their budgets focusing instead on core subjects Parental Experiences with Money Management The author learned about money by watching their parents They... Login to read full