Current research tells us today's kids and teens don't know how to budget or spend wisely. They have purchasing influence, but they aren't prepared to handle money. Parents presume that their kids “get it” or that they are learning these skills in school. Yet kids still need parental guidance on how to manage money. Your Kids Can Master Their Money reveals key traits of financially wise people and gives parents tools to instill those traits in their children.
Ron Blue. Following his graduation from Indiana University in 1967 with a master’s in business administration, Ron joined the management group of Peat, Marwick, Mitchell & Co. and worked with the firm in New York City, Dallas, and San Francisco. In 1970, Ron founded an Indianapolis-based CPA firm that has grown to be one of the 50 largest CPA firms in the United States. Leaving the CPA firm in 1977, Ron became administrative vice president of Leadership Dynamics International. While with Leadership Dynamics, he was involved in developing and teaching biblically-based leadership and management seminars in the United States and Africa. Since 1979, Ron has held a passion to help Christians plan and manage their finances in order to maximize their giving to Kingdom purposes. God has allowed him to work this out in several ways. Dr. Howard Hendricks influenced him to begin what later became a financial planning firm. He has written several books on this topic, and in 2003 he helped to found a ministry training Christian financial advisors to integrate God’s financial wisdom in their advice and counsel. In 2012, Indiana Wesleyan University established The Ron Blue Institute, which is dedicated to multiplying the over 40 years of professional experience and intellectual property of Ron through curriculum development and other products in multiple outlets worldwide. Ron and Judy, his wife of 50 years, live in Atlanta, Georgia. They have five children and thirteen grandchildren.
I think that this book gives lots of really practical tips to teach our children to be smart with their money as they grow up (investing, saving, generously giving, planning, shopping, etc). It has fun tips on how to teach them about delayed gratification, which I think can be a tough concept for children today to grasp. I think it's best for parents with school-aged children and some of the ideas may be better for upper-elementary and up.
Very practical book on teaching your children to manage their money. This is a Focus on the Family publication, so be aware that it approaches money management from a Christian perspective. However, families of any kind could easily benefit from the real-world activities and advice.