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Feb 5, 2011

Prodigal Sons and Material Girls: How Not to Be Your Child's ATM

Prodigal Sons and Material Girls: How Not to Be Your Child's ATM by Nathan Dungan
W - y | 272 pages | English | 2003 | ISBN: 0471250694 | PDF | 1,0 MB

"I want it, and I want it now!"
"But, Mom, everyone else has one!"
"Dad, can I please have it? It will make me so happy!"

If these phrases sound familiar, don’t fret; you’re not alone. In today’s possession-crazed society, the average child has unrealistic expectations about money, and expensive taste! From the preschooler who begs for another toy to the college student who graduates buried in $10,000 of credit card debt, today’s youth lack a sense of financial responsibility. The old-time values of sacrifice, thrift, and satisfaction have been swept aside, replaced by a need for more and pricier possessions.

* Talk to your children about money
* Understand the difference between wants and needs
* Increase the probability of your children having a prosperous life
* Raise your children’s marketing IQ
* Maintain healthy financial boundaries
* Set a positive example for your children to follow

The "Share-Save-Spend" method will help your children establish healthy financial habits and will undoubtedly become their foundation for making a lifetime of responsible financial decisions.
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