Book Aims To Teach People Money Skills

Book Aims To Teach People Money Skills

After 30 years’ managing other people’s money, a Christchurch finance broker has published an educational book to help New Zealanders improve their own money responsibilities.
David Weusten of Financial Service Providers NZ Ltd, is the author of several financial books for commercial and business interests.

Now he has turned his attention to providing basic money skills for individuals in the new book entitled “Money. Your Master? Your Slave? Your Choice!”
David said that learning money management as a life skill helped people avoid the traps of financial mismanagement and debt escalation.

“Unfortunately children are not taught this skill at school and have to experience a lot of hard knocks in the real world,” he said.

“This leaves many with bitter experiences and a reluctance, even an inability, to learn how to make sensible and practical financial decisions.”

It was not surprising many New Zealanders struggled with record high debt levels and had no foundation for wealth creation.

He said the basics of money management were not difficult, but too many people failed with money because the principles had never been explained to them.

“This book is an attempt to explain in simple terms that anyone can master their money situation and not be a slave to it, as so many are these days
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“It is written for anyone, whether at school and learning money responsibilities for the first time, or earning an income and managing budgets and debt control.”

The book covers subjects such as banking, interest rates, budgeting, borrowing and saving. Each chapter provides readers with useful background and practical information along with “do-it-yourself” work sheets.

David said the book has sparked interest amongst a number of secondary school teachers who are keen to adopt it as a classroom resource.

“It would be rewarding to see it widely used for education and for the benefit of young people, many of whom seem to think that money grows on trees.”

To make the book easily accessible for educators and parents, it can be downloaded at no cost from the website: www.fspnz.comTo obtain a hard copy, the recommended retail price is $20.

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