Smart Money Smart Kids is a Smart Choice for Parents

Father-daughter team, Dave Ramsey and Rachel Cruze, have joined forces to write this empowering book on "raising the next generation to win with money." With this kind of a power team, how could a reader go wrong?  I have long appreciated Dave's wisdom regarding money management, and I have recently discovered Rachel and all her terrific ideas through her blog. This book is a wonderful blend of the wisdom of both Dave and Rachel. Throughout the book, Dave and Rachel tag team--with Rachel writing some on a topic and then Dave writing on the same topic. I really enjoyed getting the perspective of both the parent and the adult child. Rachel compares her dad to an emergency surgeon and says she's the preventative medicine (14).  An interesting point Rachel brings up is “My story is not like my parents' story. I've never gone broke. I've never lost everything and declared bankruptcy. I've never felt the shame and pain of having bill collectors call at all hours of the day and night. I've never bought food and freaked out in the checkout line because I wasn't sure I'd have enough money afterward to pay the power bill. But my parents went through all of that and more” (7,8).  Many of us have heard Dave's story, but hearing the story of this (now adult) child and how her parents taught her to be wise with money is so encouraging, eye-opening, and inspiring.  While this book does cover some of Dave's story on how he went from being rich to being broke to being money-wise, it mainly focuses on how parents can train their own children to handle money wisely.  Parents are equipped to help children experience money management, as opposed to just passing on information to them. 

I thought the book was very thorough and covered a decent range of related topics. For instance, specific ideas on how to teach children to work, spend, save, and give are shared. Additionally, budgeting, debt, and doing college sans debt are also addressed.  While some of these topics might seem boring to some readers, I have to say that this is a very interesting read.  Rachel's and Dave's writing styles are easy to follow and full of interesting information and tidbits.  I particularly liked the explanation on the difference between giving children allowance and doing commission.  Also, while recognizing that some people (children included) are naturally spenders or naturally savers, the book gives advice on how to make our children be wise spenders or wise savers. In a society where people find ways to continue spending money that they don't even have, Rachel's message of “Money is finite. There is not an infinite supply" (45) is a good reminder for parents-especially as we go on to teach these principles to our own children.

This book is about changing your family's legacy, making their future better—equipping us as parents so we can train our children to be money-savvy adults.  The information given is practical and contains ideas that parents can start using right away.  I highly recommend Smart Money Smart Kids to any parent who wants his/her child to know how to manage money.


Book Description

Dave Ramsey and Rachel Cruze teach parents how to raise money-smart kids in a debt-filled world.


In Smart Money Smart Kids, financial expert and best-selling author Dave Ramsey and his daughter Rachel Cruze equip parents to teach their children how to win with money. Starting with the basics like working, spending, saving, and giving, and moving into more challenging issues like avoiding debt for life, paying cash for college, and battling discontentment, Dave and Rachel present a no-nonsense, common-sense approach for changing your family tree.


 I received this book free from the publisher through the BookLook Bloggers <> book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 <> : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”