We may not realize it, but children are hyperaware of money. They have scores of questions about its nuances that parents often don't answer, or know how to answer well. But for Ron Lieber, a personal finance columnist and father, good parenting means talking about money with our kids much more often.Read more...
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We may not realize it, but children are hyperaware of money. They have scores of questions about its nuances that parents often don't answer, or know how to answer well. But for Ron Lieber, a personal finance columnist and father, good parenting means talking about money with our kids much more often. When parents avoid these conversations, they lose a tremendous opportunity not just to model important financial behaviors, but also to imprint lessons about what their family cares about most.
Written in a warm, accessible voice, grounded in real-world stories from families with a range of incomes, The Opposite of Spoiled is a practical guidebook for parents that is rooted in timeless values. Lieber covers all the basics: the best ways to handle the tooth fairy, allowance, chores, charity, savings, birthdays, holidays, cell phones, splurging, clothing, cars, part-time jobs, and college tuition. But he also identifies a set of traits and virtues like modesty, patience, generosity, and perspective that parents hope their young adults will carry with them out into the world.
In The Opposite of Spoiled, Ron Lieber delivers a taboo-shattering manifesto that will help every parent embrace the connection between money and values to help them raise young adults who are grounded, unmaterialistic, and financially wise beyond their years."
Publishers Weekly® Reviews
- Reviewed in: Publishers Weekly, page .
- Review Date: 2014-11-17
- Reviewer: Staff
Despite a smattering of practical advice, there’s more of the philosophical than the methodological to this primer from New York Times columnist Lieber (coauthor of Taking Time Off) on helping children, especially those in the upper middle class, to approach financial matters with responsibility, generosity, and gratitude. Lieber makes a strong argument that money is something that children notice and talk about. He believes modern American parents’ reticence on the subject bypasses the opportunity to instill both good values and important skills. Lieber advises giving honest responses to children’s questions about family finances and encouraging even affluent kids to take after-school jobs. More specific and fun suggestions include divvying up allowances between Give/Save/Spend jars, establishing the “fun per dollar” test, and making the Tooth Fairy’s arrival less of a cash grab. Assorted motivational stories touch on both the mundane (collecting bottles for deposit) and the dramatic (parents who downsized their home, at their young daughter’s urging, to free up $800,000 for charity). Lieber’s easygoing style will encourage parents to raise a new generation that’s both confident and compassionate. Agent: Christy Fletcher, Fletcher & Company. (Feb.)