Money-Savvy Kids

Money-Savvy Kids

by J. Raymond Albrektson

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Overview

Your children can learn to give generously, save wisely, and spend carefully–and you can teach them.Young children are captivated by Saturday morning television commercials pushing the next must-have toy. Older kids think they’re losers if they don’t keep up with the latest fashion trend. Young adults find themselves facing financial temptations–like the lure of credit cards–that seem too good to resist.

Behind all these sales pitches lies the dangerous promise: “You can have it all–just buy now and pay later.” Now, Money-Savvy Kids provides a workable strategy you can use–no matter what your financial history–to prepare your children for financial success today that will carry over into financial security for a lifetime.

Product Details

ISBN-13: 9781578564262
Publisher: The Crown Publishing Group
Publication date: 01/15/2002
Pages: 226
Product dimensions: 5.40(w) x 8.20(h) x 0.50(d)

About the Author

J. Raymond Albrektson, Th. D., is on the staff of Campus Crusade for Christ. He serves as associate professor of New Testament at the U.S. branch of the International School of Theology near Rancho Cucamonga, California. His two adult children were raised on the principles of generous giving, wise saving, and careful spending. The Albrektsons live in California.

Table of Contents

Acknowledgmentsxi
Introduction: What We Want for Our Children1
Part IPreparing to Mentor Your Kids
1.Hope for the Financially Flawed: Your Kids Can Learn from Your Mistakes11
2.Money Management and Godly Character: Winning at the Game of Life19
3.Each Kid Is Different: Take Advantage of Your Child's Unique Bent27
4.I Am Justin's College Fund: The Sooner You Start, the Less Scary It Will Be32
Part IIPrinciple 1: Work Hard
5."Work" Isn't a Dirty Word: Finding Its Meaning and Value41
6.A Wealth of Chores: Why Everyone Needs to Pitch In47
7.Baby-Sitting and Lawn Care: Your Child's Home-Based Business Ventures53
8."But I Want a Real Job!": When Your Child Becomes a Part-Time Employee60
Part IIIPrinciple 2: Give Generously
9.Generosity Begins in the Sandbox: It's Never Too Early to Teach Openhandedness69
10.Teaching Joyful Giving: Adding a Smile to Openhandedness77
11.The Lesson of Allowances: A Little Cash Can Be the Key to Independent Giving84
12.The Teenage Philanthropist: Helping Your Adolescent Cultivate Generosity91
Part IVPrinciple 3: Save Wisely
13.The Power of Deferred Gratification: The Best Answer to "I Want It Now!"99
14.The Trouble with the Piggy Bank: Break It Now! Go Ahead107
15.Getting Chummy with Numbers: Don't Let a Fear of Math Get in the Way113
16.Investment Basics for Third Graders: Help for Parents Who Get Nervous Around Mutual Funds119
17.I Am Justin's Investment Portfolio: Help Your Child Grow with the Market126
Part VPrinciple 4: Spend Carefully
18.A Positive View of Consequences: Choices Lead to Results--Both Good and Bad135
19.What's Great About Allowances: Four Principles That Make Allowances Work
20.I Am Justin's Checkbook: Bookkeeping 101 for Kids148
21.A Practice Run for Adulthood: From Rug Rat to Rat Race154
Part VISurviving Financial Disasters
22.The Driver's License: Turn Driver's Ed into Character Ed163
23.Cars and College: It Doesn't Have to Be One or the Other169
24.If a Teen Goes Bad: How You Can Limit the Damage174
25.The Hot-Stove Principle: Teaching a Healthy Fear of Debt180
Part VIICutting the Apron Strings
26.Kids in College: Your "Semiadults" Still Need Parents191
27.Emptying the Nest: Without Chucking Out the Kids199
Notes207

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