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Reviewed by Mamta Madhavan for Readers' Favorite
Smart Kids: A Parent's Guide to Raising Financial Healthy Children by Ruth Murdoch is a useful tool to all parents wanting to raise a child who is aware of the cost of living and who will also become an economically responsible adult. Financially aware children contribute in a healthy way to society and it also instills a strong working ethic. The author tells parents to be role models to their kids as most kids tend to copy the behavior of their parents. So it's very important to set a good example to them when it comes to finances. The book has excellent tips and techniques on how to contribute to a bright financial future for kids while growing up.
Readers can relate well to the author's suggestions and they are simple to incorporate into one's daily life. Negative views on money should not be passed on to kids, hence it's important to watch our words on the topic of money while speaking to kids. The author also advises readers to first educate themselves before they can teach their kids proper investment strategies and skills. The color pictures complement the concepts. It's a good guide for everyone who wants to help their children prioritize their spending and set financial goals. I found the book extremely useful and the author also speaks about bank accounts and opening a long term savings account for kids.