Rick Munster Profile Picture
Staff Writer at Debt Reduction Services

This weekend I read The Financially Intelligent Parent 8 Steps to Raising Successful, Generous, Responsible Children by Eileen Gallo, PH.D and Jon Gallo, JD.

Instead of providing resources and information designed to help children, as we typically do, I thought we could take a look at products that assist parents in helping their children become financially educated and responsible.

The book covers eight behaviors that are designed to help you raise fiscally responsible children:

  1. Encourage a work ethic
  2. Get your money stories straight
  3. Facilitate financial reflection
  4. Become a charitable family
  5. Teach financial literacy
  6. Be aware of the values you model
  7. Moderate your extreme money tendencies
  8. Talk about the tough topics

There are many topics discussed in this book, but invariably they point back to being a role model for your child and pose questions to the reader that probe into your current spending and savings behavior in an attempt to help guide you to the conclusion that your children learn most from you and what they see at home.

The book goes into great detail at how you can help shape your childs financial future from an early age.

Source: Eileen Gallo, PH.D and Jon Gallo, J.D.,The Financially Intelligent Parent 8 Steps to Raising Successful, Generous, Responsible Children. 1st ed. New York, NY: New American Library, 2005.

Website: Financially Intelligent Parent

As always, if you have any questions, would like to discuss your financial challenges, or are just looking for advice, please call us at your convenience. As always, we are here to help and look forward to hearing from you.

1-877-OUT-DEBT (688-3328)

www.debtreductionservices.org

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