The Money Tree Myth: A Parents' Guide to Helping Kids Unravel the Mysteries of Money

Rating:
Summary: Practical, straight-forward and a very easy read
Review: Boy was it a relief finally reading a book that was so full of common sense and good advice. I'll definately use this stuff with my 5-year old and 8-year old. I learned stuff too. Wish this had been around earlier -Icould have used this as a primer when I was getting started.

Rating:
Summary: Great Ideas
Review: There are great ideas in this book to teach your kids about money. I purchased this book when my oldest daughter was only two years old after watching my teenage nieces and nephews struggle with money management. We follow many of the suggestions in this book and my oldest daughter now 7 is able to manage her money and understands the consequences of spending it all at once. She also learned a very important lesson when a clerk tried to talk her into buying more and putting it on lay-a-way. (She had save 70 Euro (like 84 US dollars) for a doll and the clerk suggested putting it on lay-a-way along with the accessories). I forbid it as this went against the whole idea of "saving." The next week the store went out of business. If she had caved in to her desires she would no longer have her favorite doll! Also after I purchase her initial school clothes, ballet clothes, winter gear etc... she pays for anything else she desires - so if she climbs trees and gets holes in her tights, looses a glove - she pays to replace them. This has been a great stress relief in our relationship - as this little tomboy likes to dress like a princess and ruin her fancy clothes. Now the ball is in her court and she's handling it well.