Smart Money, Smart Kids Review: Chapters 3 & 4

As mentioned in a previous post, I was selected to be on the launch team for Dave Ramsey and Rachel Cruze’s new book Smart Money, Smart Kids releasing on April 22nd. On the Smart Money, Smart Kids website ( you can pre-order the book and  get more than $50 in FREE extras to help you raise money-smart kids! The pre-order includes a copy of the hard cover book, the audiobook, a video lesson, and the eBook. There is also an option at the bottom of the website homepage that allows you to enter your email address and get the introduction and first 2 chapters emailed to you now!


As a member of the launch team, we were sent a copy of the e-book to get a head start on reading it and share our review!! I have had the opportunity to continue reading and have finished through chapters 3-4. I plan on reviewing two chapters at a time up until the release of the book. Once again, I didn’t want to put the book down. If there was enough time in one day, I would have been done the book already!! I just love the writing style of Dave Ramsey, and even though this is the first material of Rachel Cruze’s that I have read, I am equally impressed. Both writers speak in such common sense terms and break down the concepts into simple terms that are easy for anyone to understand. All of their tips and suggestions can be applied practically and in everyone’s lives. That is what I love about their writing and the programs that they teach.


In chapter 3, Dave and Rachel discuss spending. They talk about the difference in personalities of a saver vs. a spender, and how to foster these characteristics in raising your children. A few of the concepts they focus on are setting an example for your children, letting your children learn through experiencing hard lessons, teaching your kids patience, and a few other tools in spending, such as bargaining and gaining information before a purchase.

In chapter 4, Dave and Rachel talk about saving. In this chapter, they point out how important it is to teach your kids the principles of saving. Don’t just talk about it, but show them how important saving is by having them “do it” themselves. Dave always says that personal finance is 80 percent behavior and 20 percent knowledge. Basically, you can talk about it, but until you have your children practice the behavior the concepts will not sink in. Dave and Rachel discuss the three main saving categories, which include: purchases, emergencies, and wealth. Some of the other concepts discussed include, teaching patience, delayed gratification, and how to make better purchasing decisions. Dave even goes into depth with his 401DAVE plan, which is his save and match agreement with his children for their first car purchase.

Dave and Rachel make chapters 3 and 4 very interesting by sharing their personal witty stories. Some of the stories literally had me laughing out loud! Wait until you read what Rachel tried to do to convince her parents she could not save up for a car!

I cannot wait to keep reading this book. Even though we don’t have children yet, I believe learning these concepts are important for anyone that has influence over a child’s life. I am excited to continue reading and soaking in the valuable information to be able to pass on to our children when we have them. No matter what your role is in a child’s life, we are all responsible for shaping the next generation. The tips and advice offered by Dave and Rachel in Smart Money, Smart Kids are a great way to start laying a foundation for the future of our society through passing the concepts on to today’s youth!! Stay tuned for more reviews!!


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