Book Review: The MoneySmart Family System

The MoneySmart Family System by Steve and Annette Economides is an in depth resource book as well as instruction "manual" in helping your family learn how to manage money. I choose to review this book, mainly because I knew it was something my husband would be interested in. (He is the official money manager in our home.) There is sooo much jam packed into this book. I'm not even sure where to start.

First off, it is an enjoyable read. Books like this could easily read as text books, but the Economides do a great job in keeping the book interesting. They use many stories of their own family as well as families they know to illustrate their points.

This book could also be classified as simply a parenting book. They have a lot of practical advice for how to keep your family on the right track. Being over committed is a common problem in today's society, and the authors have very practical advice on how to keep families from falling into that trap as well as building family unity.

Most chapters have a section at the end showing how to relate the information to children at different ages. Through the whole book they are building the groundwork for raising independent, confident adults. It is much easier for lessons to be earned at a young ages. As they say, "The cost of an unlearned lesson will always escalate with time." Better to learn a lesson the hard way, when the most lost is $5 or $10 rather than $10,000!

Honestly... there isn't enough room for me to write everything about this book! If you are a parent, or plan to be, then this book is for you! Also you can check out their website: http://www.americascheapestfamily.com


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Thanks to Thomas Nelson (Book Sneeze) for this review copy... my opinions are my own.