• How to Raise Money-Smart Kids

  • Oct 3 2023
  • Duración: 40 m
  • Podcast

How to Raise Money-Smart Kids  Por  arte de portada

How to Raise Money-Smart Kids

  • Resumen

  • Teaching kids about money doesn't have to be boring! Discover how to make learning about finances fun and engaging for your children! Teaching Kids Smart Money Habits As parents we want to prepare out kids so when they decide to go off on their own, they’re equipped with not just the essential life skills, but also have wisdom on knowing when and how to use those skills. Believe it or not, part of showing them the ropes is teaching them about money. Because if we don’t, they’ll have a much harder time pursuing their goals because they’ll be weighed down by the consequences of bad money habits such as carrying a massive amount of debt. Sadly carrying debts seems to the case for many Americans as I was reviewing some numbers from The Motley Fool about average debts. Average credit card debt $5,733Average personal loan debt $11,281Average monthly new car payment $736Average monthly used car payment $523That’s a lot of baggage to carry Here’s the thing, though – how do you start those lessons? It really is a family project. We have a big role as parents, but others in our circle can also be a wonderful help with getting our kids smarter with their money. Paul Vasey is on the show to talk about how. He’s financial educator and the creator of Cash Crunch Games which is all about helping families have a fun time learning about finances through games. He also recently published a book – Raising Money-Smart Grandkids. As you can guess from the title is focused on the grandparents, but most of those topics apply to parents as well. In this episode we get into: the power of conversations and games in shaping your child's financial mindsethow to navigate discussions about budgeting, saving, and making choices within a limited budgetcreative ways to engage your kids in hands-on experiences that make learning about money fun and relevant to their lives We have a lot to cover, so let’s get started! Resources to Build Better Family Budgets If you’re looking to start or revamp your budget so you can reach your family and financial goals faster, check out some of these resources below! Best Budget and Money Apps: Empower, Tiller, MintGrab Your Copy of My Book: Jumpstart Your Marriage and Your MoneyCash Crunch GamesRaising Money-Smart Grandkids Nuts and Bolts of Creating a Budget That Works Cashing Out: Creating a Flexible Financial Plan That Fits Your Family How to (Actually) Make Managing Your Money FunFamZoo Kids and Money: How to Teach Them About Bank and Investing Accounts Financial Wellness: Tracking More Than Just the NumbersSend in your family and financial questions here! If you’d like to chat more your money system, please join us in our private and free Facebook group – Thriving Families. We’re families looking to support and help one another out. Hope to see you there! Thank You to Our Sponsor Coastal! Support for this podcast comes from Coastal Credit Union! Come check out Coastal today if you’re living in the Raleigh Durham area and looking to bank better. As a credit union, Coastal serves its members first and foremost including an annual loyalty bonus. Support the Podcast! Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it. Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.Join our coffee group ☕: Get access to exclusive behind the scenes videos, chats, and more!Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in four weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
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