Review of Cash, Cars and College by John L. Hoh, Jr. for Bookideas.com

Sunday, 18 March 2007 10:53

Cash, Cars, & College
by Janine Bolon , Illustrated by David Glenn

Rating: 4 of 5 stars
Reviewed by: John L. Hoh, Jr.

Ms. Bolon takes her financial knowledge and applies that knowledge in a book that is aimed for young people. The book is an intelligent look at finances and is not condescending in its tone.

The book espouses the principles found in Bolon's book Ditching Debt. The 60/40 principle is explained in detail, even with calculations written out. Priming the 60/40 pump is also discussed. The difference is that Bolon uses lessons and lesson illustrations that can resonate with younger people, even to using subjects the reader may be taking in school. Also, as the young person may not have savings and checking accounts they can access (the parents may have opened accounts for their children, but usually only the parents have access to that money). These exercises help gain the young person hands-on experience with financial matters.

Vibrant illustrations help illustrate the principles discussed. An example is the effects of compounding interest if that doesn't get you started now in saving for retirement, nothing will.