Smart Money, Smart Kids by Dave Ramsey #Giveaway

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smart money smart kids

I’m fortunate that we’ve lived pretty debt-free lives. We did borrow money for inexpensive cars when we were first married over 20 years ago, but the last three cars we’ve bought, we bought with cash, and we also drive them for about 10 years before replacing them. I attribute that to the fact that my husband was raised that way, and so it makes sense that I want to model good financial sense for my children so they do not find themselves burdened by the crushing weight of debt or living beyond their means when they are adults.

Is this an important topic in your home? Do you consider it a part of the character that you are trying to build in your children?

There is nothing that irritates me more than my children whining about what they do have when I can look around and see all that they do have. Though we have the financial resources to give them more than we do, I don’t think that buying $300 devices for 7-year-olds is the pattern I want to set. Read my post to see the 3 life lessons I’ve taught my kids about money. Watching my 9-year-old save up for his own Nintendo 3DS was pretty amazing.

The book is co-written by Dave Ramsey and his adult daughter Rachel Cruze. Take a look at the quick two minute preview to see what it’s all about:

This book really did answer all the questions I had about finance for kids and explained why Dave Ramsey does things the way he does. The principles can be used with preschoolers on up to teens and young adults. The sections on teenagers are incredible, including debt-free college living, and instilling the right skills while they are younger to help insure that you can make that happen.

Although we model good financial sense to our kids, I don’t know how intentional we’ve been at addressing the subject head on. Entitlement is a big theme in the book, and a problem with this generation:

If you are raising children in North America today, you are at war. Whether you want to be or not, whether you realize it or not, you are at war with contemporary culture. The heart of your child is under siege by endless marketing, pervasive peer pressure, and a choking shallowness from our contemporary culture (ARC p. 179-180).

The fact this his daughter Rachel is able to share her perspective makes the book even stronger. She recalls the lessons she learned as a child — sometimes the hard way and other times the easy way — as well as how it has served her as a married adult.

The book comes out on April 22. If you preorder by April 21, you will receive 3 free items, including the audiobook and the ebook and a legacy lesson, all worth an additional $50. You can order the book directly from DaveRamsey.com or from other online retailers like amazon then just submit your form online to get the benefits.

Enter to win

One of you (U.S. only) will win a copy of Smart Money, Smart Kids

. Follow the instructions below to enter once or multiple times.


Comments

  1. kimmie says

    We are trying hard to give our children less stuff & more quality time as a family. Sometimes it is hard when you hear all about what their friends have.

  2. Bin says

    We’ve done both chore-based and non allowances for our kids. I would be interested in seeing the reasoning behind using one over the other and at what ages.

  3. says

    I think it is soooo important for kids to learn about finances when they are young this helps them make better choices when they grow up!!

  4. anne says

    I want my children to understand when they are young how to handle money and to save and realize the importance and how this influences their decisions.

  5. says

    Where to begin and what to do…what to buy for them if they have an allowance.

    Honestly, I’ve been avoiding it because it just seems overwhelming. I just read Dave’s book and am definitely interested in this one, too.

    • says

      I agree Annette — it DOES seem overwhelming, and there’s a lot that goes into it if you truly hand the reigns over to your teens in regards to handling money. I’m definitely going to make some changes.

  6. Laura says

    My husband and I do not have children yet, but we are hoping to start our family soon. We have been following Dave for years and were excited about the release of this book. I don’t have any specific questions yet, but I see that others have raised some very interesting topics of concern that I have not heard of. Hope to read this book soon!

  7. Jessica T says

    Just knowing where the balance is between giving my kids freedom with their money and me having a bit of control over it.

  8. says

    I just finished the Total Money Makeover and wish I had learned much of that information when I was younger. I’m excited to help teach my kids the value of money, so they can appreciate what they have and be on strong footing when they are independent.

  9. Christina says

    our boys are both under 2, we struggle with ways to start teaching them early about being financially responsible, as this is something that neither of our families taught us.

  10. Brittany says

    My husband and I are making a more conscious effort about buying frivolous things for our kids and making more of an effort to teach them to save for what they want. It is tough especially in the culture we live in. I would love to read this book. Thanks for the chance to win.

  11. says

    My biggest struggle is telling grandparents that they have to stop giving him money! The do what they want and give my son money and toys for no occasion and after I tell them not to.

  12. danielle says

    My struggle is that I’ve recently become a stay at home mom and going from two incomes to one has been a challenge.

  13. Natalie F says

    Interested in this book. Right now, my challenge is trying to explain the concepts to my young children in ways they can really understand. And then also, getting other people on board. We have family members that over indulge our children, I know all Grandparents do, but it is excessive.

  14. Liz says

    I did not learn good money lessons growing up and am trying to reverse that. My kids are (by far) the poorest of their friends and we have to fight against the “well, x went to Disney World.” Our kids are pretty good about it, but it’s a struggle.

    I am very proud that my kids are good about saving up for things and understanding that all of our money decisions are about spending money on x instead of y.

  15. says

    If anything, my struggle with my kids about money is the motivation to go out there and find a job. My oldest is 16 and she needs some motivation but other than that, they are in the process of learning more about money.

  16. Pamela j says

    Getting jobs and saving their money.
    I think kids want what other kids have and sometimes that is not realistic.

  17. says

    I’m worried that I’ll never properly teach them about financial responsibilities. I try to set examples with my spending habits, but sometimes it is not the best decisions. I hope they just pick up the good habits.

  18. Shelagh says

    My question/struggle is what expenses the kids should be paying for with their allowance. We’ve never really defined that when we started giving our children allowances.

  19. bonnie walker says

    I struggle getting my sons to do their chores done each week. I need the help around the house and it would give them some money.

  20. Laura says

    I have a hard time knowing what chores my son, age 7, should do simply because he is a member of the family and what chores he should do to earn his commissions.

  21. Pat says

    How to be happy with what they have and not covet what other kids have. There is such a thing as too much stuff. I’d like them to learn that.

  22. Jennifer M says

    Teaching them to value the things they have and appreciate things and that “money doesn’t grow on trees”.

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