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After going through Financial Peace University, we were determined to get out of debt. After a number of financial setbacks, we finally reached our goal last year. "He whom the Son sets free is free indeed." Praise God. We've talked with our children in depth about not getting into bondage to a credit card company or anyone else who offers easy money. This book is going to help us to teach them the right way to handle money.
I already have a better understanding of how to talk to my teens not only about debt, but about how to budget the money they make or receive, how to find ways to make money themselves, and how to save, spend, and give. I hadn't thought of helping them open checking accounts yet, but Rachel and Dave recommend doing so at fourteen. A lot of emphasis is put on saving for a car and college and other young adult expenses rather than building credit rating. The idea is to help them learn to handle their money while you're still there to help if they have problems. It's very hands on at first but moves toward more and more money independence.
I think this is a valuable tool for teaching your children by teaching yourself. Five stars!