Summary of Kids and Money

Giving Them the Savvy to Succeed Financially

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Kids and Money book summary
The days when candy cost a penny and soda cost a nickel are long gone. If you want your kids to be savvy money managers and wise consumers, you'd better start training them while all they want is toys, dolls, sneakers, and gum.

Rating

6 Overall

7 Applicability

6 Innovation

7 Style

Recommendation

Jayne A. Pearl shows you how to give your children financial roots and wings. By roots, she means good financial information, values, and ethics. By wings, she means encouraging kids to be confident, independent financial managers. While Jayne Pearl’s information is thorough, some of it is specific to U.S. taxation laws and economic structures, which makes the book less useful to an international audience. getAbstract recommends this book to parents who are concerned about their children’s financial well being, and to those who need a refresher on good spending habits.

In this summary, you will learn

  • Why basic financial skills are the most valuable lesson you can teach your children
  • How to educate your kids about the dangers of credit cards
  • How to teach them to invest, make a budget and spend wisely
 

Summary

Kids Face Complex Financial Issues
Kids face a number of complex issues these days. Divorce causes financial and emotional stress. Advertising bombards them from all directions. Credit card companies recruit them at college and give them too-easy access to large amounts of money. Your ...
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About the Author

Jayne A. Pearl has twenty years of experience as a business reporter and editor. She worked for Forbes magazine and for a syndicated business news program on American Public Radio. She co-launched Family Business magazine and was the editor of Tom Peters’ newsletter, In Search of Excellence.


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