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New book aims to teach money skills

Tuesday 22nd August 2006

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After 30 years' managing other people's money, a Christchurch finance broker has published a free downloadable book to help New Zealanders improve their own money responsibilities.

Author, David Weusten of Financial Service Providers NZ Ltd, has turned his attention to providing basic money skills for individuals in his new book entitled Money. Your Master? Your Slave? Your Choice!

“Learning money management as a life skill helped people avoid the traps of financial mismanagement and debt escalation,” said Weusten. "Unfortunately children are not taught this skill at school and have to experience a lot of hard knocks in the real world," he said.

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.

"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.

The book can be downloaded from the website at no cost or to obtain a hard copy, $20 visit the Good Returns Bookstore.



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