Raising Financially Confident Kids

Starred review from March 1, 2013

Hunt (Debt-Proof Living; 7 Money Rules for Life), who lived through her own self-inflicted financial crisis, shares with readers how to raise kids with rich financial literacy and a debt-free lifestyle, sans a sense of entitlement. She outlines how to put children on a salary at the age of ten, arguing that as long as funds-on-demand are parental, there is no limit and no apparent end to resources. Depending on their age, kids are then responsible for their budget spanning over a month, be it for video games, hot lunches at school, or gifts for birthday parties. Some might find her "citations" and "no loans" system a bit rigid, but her school of hard knocks is sure to teach valuable, long-lasting lessons. Mid-text she delves into the slimy details of the advertising industry, which gets boring, but her sharp, clever style is generally pleasing--"A bank credit card is available to most anyone who has two things: an ID and a pulse." VERDICT While the first few months on Hunt's financial plan might feel like sailing on choppy waters, diligent parents will avoid the long-term toxic blend of entitlement and consumer debt, never mind the epic battles and drama as a result of needing the latest gizmo or gadget. Highly recommended for public libraries, parents, and kids across America.

Copyright 2013 Library Journal, LLC Used with permission.