Title: Practical, Helpful, and Implementable
Product review: Neale Godfrey, the author, gives some very helpful ways of addressing money issues with children, regardless of the parent's income level.Being a practicing Certified Financial Planner, I believe the author provides practical advice on what I consider to be the two most important financial criteria for success as an adult.First, her ideas help to create GOOD SAVINGS HABITS that will stay with children for a lifetime. Second, her tips on open communication help both kids and parents to discuss their values and gain AWARENESS THAT MONEY SHOULD BE A REFLECTION OF ONE'S VALUES.While I don't think a teenager necessarily needs to understand how different investment vehicles function, they certainly will need that understand when they get to a point in their life when they are able to invest. But while the author and I differ on when to have this discussion with a child, she certainly does a good job of explaining the basics of investing.
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