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Money Doesn't Grow On Trees: A Parent's Guide to Raising Financially Responsible Children
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Money Doesn't Grow On Trees: A Parent's Guide to Raising Financially Responsible Children

3.68  ·  Rating details ·  66 Ratings  ·  13 Reviews
At a time when kids have more debt and temptation than ever comes a completely revised and updated edition of the #1 New York Times bestseller on teaching children aged three to twenty about money

Money Doesn't Grow on Trees is the book that parents turn to when it comes to teaching their children about money. With 180,000 young adults between the ages of eighteen and twen
Paperback, 192 pages
Published August 1st 2006 by Touchstone (first published 1994)
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Aug 12, 2007 rated it really liked it
Seems pretty helpful. I intend to try to implement her strategies with my children. My parents were really spazzy about this kind of thing in raising me, and I would like to do better for my kids in this regard.
Aug 23, 2011 rated it did not like it
This book is outdated. The premise is strong: Educate your children about money, but the information is at least 10 years behind the times. I chose not to finish it because it was so boring and irrelevant.
Arturo Mijangos
I agree with some of the reviews that the info is a bit dated, but the premise of being intentional about teaching children about finance is explained very well. I enjoyed thinking about how I would teach my children about finances. I liked her jar system and the bank concepts. I also liked her charts and have purchased a paperback of the book for reference.
Sep 14, 2014 rated it really liked it
Honestly, this book is quite dated and could use another edition. However, when you overlook things such as the fact that "passbook savings accounts" are almost as extinct as dinosaurs, there is a lot of great information here. Godfrey (who, by the way, is a woman), presents teaching financial management very positively. She gives you a lot to think about, many ideas for exercises/games to teach money management, and also provides her own ideas for structuring the learning process.
Some of the t
Jun 23, 2012 rated it really liked it
Shelves: non-fiction

Although this book has some has some outdated references, the basic ideas are timeless. I only wish that my parents would have used the S.O.S. system with me. It would have saved me so much wasted time and money as an adult. I am doing this with my own kids now even though they are older children. It is never too late to learn. I also love the games for young children. You just don't get those opportunities at school. Last of all, the author addresses more serious topics such as stock markets,
Nov 11, 2015 rated it liked it
Disappointing. This book gets so much good word but there is not very much practical advice here. Nothing I hadn't already figured out myself or that anyone with common sense couldn't. Also, philosophically, I don't agree with some of the books unspoken premises:I just don't believe in paying for chores and no one buys in actual money anymore.And yes the nature of transactions and financial institutions have evolved since. People will glare at your child in line for buying with coins yes of cour ...more
Aug 31, 2008 rated it liked it
This book is a very useful tool to help parents teach their children financial habits that should help them throughout life. The chapter on allowances sheds light on how to properly distribute money to your children (as early as three years old) and ensure that they use their money wisely by giving to charity and saving for medium- and long-term goals. The book also helps you explain to children how banks function and the confusing financial customs such as tipping and taxes. If you have childre ...more
Feb 23, 2012 rated it it was ok  ·  review of another edition
Shelves: parenting
This book is alright. It's pretty outdated and so the figures and bank workings don't really apply. The intro is good. Finding ways to introduce your children to money and how to make learning about money fun with games and stuff. I found myself skipping the last half because it had to do with teenagers and adult children living in your home. Good basis but need to find a more updated book that talks about the available options today for kids. One example is passbook accounts which haven't been ...more
Jun 09, 2011 rated it really liked it
Shelves: 2011q1
The unique thing about this book is that it is useful for parents of children from toddler age to college age. I found this while browsing in the library but I am considering buying it. We have implemented many of the ideas with our five-year-old with success.
Dec 01, 2008 rated it it was amazing
This is a great book for any parent who wants to teach their kids to be financially responsible. We started using the tips in this book when our kids were very young. I'd recommend it highly.
Jun 27, 2014 rated it really liked it
I really liked many ideas in this book. I plan to re-read it as children in our home grow up and refresh myself of the ideas put forward.
Feb 10, 2008 rated it really liked it
A great way to give your kids a financial education.
Oct 05, 2011 rated it really liked it
Full of practical advice on teaching kids about money and money management.
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Neale started her career at The Chase Manhattan Bank, in 1972 and became one of the first female bankers in the industry. She than became President of The First Women’s Bank. While there, she noticed that her own small children thought “money grew on trees” and she then looked for books to teach them about money. There were none. So, Neale opened up a real bank for kids at FAO Schwarz in New York ...more
More about Neale S. Godfrey...

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