The MoneySmart Family System

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A proven plan to teach kids of every age how to make great financial decisions for a lifetime. It costs around $261, 000 to raise a child from birth through the age of 17! Regardless of a family's income level, there will be a flow of cash between parent and child. It may be a trickle or a torrent, but the control of the money spigot must be firmly in the hands of the parents-not the child's, no matter how old they are.In The MoneySmart Family System, personal finance experts Steve and Annette Economides (and their five kids) give readers a proven system to train their kids and control the flow of cash. Parents will be empowered to:Use the money they're already spending on their children as a training toolTrain their kids to want to earn and pay their own way in lifeAvoid the costly consequences of the 5/50/500 ruleEquip their child to earn their first jobHelp kids plan and pay for major purchases like a first car or college tuitionGive practical help without enablingThousands of parents have learned money management skills from the Economides. If parents want to raise kids who are happy, productive adults, teaching them to manage time, money, and goals is critical. The MoneySmart Family System gives parents tools, tips, and methods to help their kids make healthy, mature financial decisions that will last a lifetime.