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Wednesday, March 20, 2013

FamilyMint Money Management Certification Program......Product Review

Managing money has never been my strong suit.  I have learned over the years that it is a necessity and have made great strides in being more successful at it…… nothing motivates you like having four children to feed.  Even though I am much better I still have room for improvement and had absolutely no idea how to pass good budget habits down to my boys.  I was very excited to get a chance to review the FamilyMint Money Management Program.  It’s designed to teach kids how to manage their money.  With the excitement came hesitation, since I’m not 100% comfortable with money management myself I wasn’t too sure how teaching it to an 11 year old was going to go. 

This program takes you through step by step, with very precise instructions.  It is extremely user friendly which I loved.  Their online site FamilyMint gives you a way to provide something similar to online banking for your children.  I’ll be honest we didn’t really utilize that part of the program.  It just didn’t fit well for us.  I felt like logging in so that we could track deposits and withdrawals was just an extra step that we didn’t need.  I think it would just depend on your family, if the online aspect is important to you then this program has a great one so be sure and check it out.  For us the main part of our learning experience came from the workbook.  When it comes to learning a new concept my son does much better with something black and white in front of him. 

This program is geared towards children ages 10 and up.  It was a nice fit for my 11 year old, I did simplify a couple of the concepts for my Kindergartner also and it worked out well.  The money jar was something we did with three of our boys ages 11, 5, 4 it helped each one of them keep up with their money ( instead of it getting lost in nightstand drawers and pockets).  I also think it would be a great program for freshmen and sophomores in high school.  The program is designed to take two months but by adding a few more activities and some additional finance and budgeting books I think it would be a great class for the older bunch.  The one downfall I found was the amount of time it focused on checks.  We do not use checks at all in our family anymore.  While I do think it’s something each child should have a base knowledge of, I felt it would have been more beneficial to cover debit card usage. 

The book in a glance…….

Chapter 1- Tracking Your Money

Chapter 2- Goal Setting

Chapter 3- Budgeting

Chapter 4- Interest- Growing $

It also includes; introduction, instructions, learning summary, worksheets, answer key, parent checklist, and a certificate of accomplishment.
Special Introductory Bundle Offer $29.99
Certification Program workbook and a premium online account for life
Additional workbooks can be ordered at 50% off
Premium Online Subscription $24.95 annually or $4.95 per month
Online only FREE version
If you're interested in this product then be sure and not only visit their website noted above but also their Facebook page!!

1 comment:

  1. Great review! I liked the check version but it definetly could have focused on the debit card usage more too. A great follow up would be the Dave Ramsey Financial Peace University.