Whatever their ages, you can still turn your kids into super savers, savvy shoppers, and cautious users of credit. The author, a mother of three and senior editor of Kiplinger's Personal Finance Magazine, has compiled an invaluable guide for parents who want their children to: Understand How Money Works; Distinguish Wants from Needs; See Through Advertising Hype; Use An Allowance - or Income - Wisely; Experience the Joy of Earning, Saving, and Giving; Invest and Collect for Benefit - and Fun; Live Within Their Means; Create Their Own Opportunities for Work and Income; Live Independently When the Time Comes; Balance Their Priorities - School, Work, and Family.
Strictly for parents, Bodnar also offers advice on how to identify your "Money Style", set limits, and reaffirm values you want to share with your children.