I just read this book last night, and found it both enjoyable and helpful. I am a big fan of Mary Hunt's original "Debt-Proof Living" book as it is the first book that I read and really got me on the debt-proof track so to speak.

DPYK is a book she wrote detailing how she and her husband put her sons on a monthly "salary" on the first day of sixth grade. They figured out how much they would normally spend on the child in a typical month (clothes, snacks, school lunches, videogames, etc) and instead of fighting over money with the child, they gave the child that month's "salary" on the first on each month to spend as he wished.

The only rules were that the child had to "give" 10% away (to charity or another needy individual, etc), "save" 10% (in a bank account or other interest-bearing acct), and the other 80% was his to "spend" (they did explain that the money had to be spent on items which were acceptable in the eyes of their family...so no porn magazine binges!) *LOL*

Mary mentions that her 2 sons (who are now in their early 30's) have very different personalities and yet both took to the program and came out financially confident and with an understanding that money must be well managed and respected. Both have no revolving debt and own their own homes.

I am planning on using this system with our DD in the coming years. Does anyone else use this type of system with their children? How has it worked for you?

My DH, DD and I watched "Super Size Me" last night for the first time, and before the end credits rolled my DH and I both agreed to cut out fast food in 2007. This is the only resolution we have ever made together, and it is a big one.

By some definitions I am sure we are not being all that radical, as we have agreed to start with just the obvious fastfood places - McD, BK, KFC, Wendys, Taco Bell, Pizza Hut, Boston Market, etc. We are not including larger chains such as Applebees, TGIF, but we hardly ever eat at those places anyway since they are more expensive. It is the McD, et al that are way too convenient when we don't feel like cooking, so I think keeping this resolution will be very helpful to our family - both our health and our bank account!

Wish us luck!