PARENTING

How a Mother Should Talk About Money with Her Daughter: A Step-by-Step Guide to Budgeting, Saving, Investing, and Other Important Lessons

Skyhorse. Mar. 2020. 216p. ISBN 9781621537427. $24.99. CHILD REARING
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McClanahan (Manage Your Money To Become Debt Free) wrote this volume to start conversations about serious money issues that concern women. Women are behind men in crucial indicators such as net worth, saving balances, and financial literacy. McClanahan believes the reason is that women are afraid to talk about money, though women also face lower starting salaries and a persistent wage gap. Many parents may feel inadequate in their own money skills, yet want to help their children develop good habits around saving, spending, investing and more. Money management is a part of self-care, argues McClanahan, who here discusses such topics as how to pick the best college for both current financial state and future job prospects and how young people can discuss financial goals with a future life partner.
VERDICT Readers will be inspired by McClanahan’s own story and will here gain ideas for discussing the oft-taboo topic of money with their daughters.

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