S1 E4: How can I teach my kids good money habits?

Have you ever wondered how to raise financially confident kids without passing down your own money anxiety? In this episode, I explore the delicate balance of teaching children about money while creating a safe space for learning and growth. From establishing predictable allowances to involving kids in family financial decisions, I share practical strategies that go beyond just teaching budgeting. Drawing from both professional insights and personal childhood experiences, I discuss why it's crucial to let our children make money mistakes in a supported environment and how to recognize the emotional needs driving impulse spending. Want to know the surprising benefit of including your kids in your own money healing journey? Or how your money conversations today might shape your child's financial future? Join me as I explore these questions and more, offering a compassionate approach to family financial education that serves both parent and child

Here are some scripts to try with your kids:

• "I'm wanting to spend less money, so I need your help reminding me when we're at the store to stick to our list. Can you help me with that? "
• "I'm going to start giving you some limits on how much we spend. It's called a budget, and I'm doing it for myself too. Do you want to see our family budget?"
• "Lately, we haven't been watching how much we've been spending. What ideas do you have for how we can all cut down on spending?" [Be open to all responses.]
• "I'm going to set up a yard sale, or sell clothes, or put things on Craigslist. What ideas do you all have to make some extra money? Are there things you would like to sell too?"
• "Let's set aside a special day every week or every month for getting a treat. I need you to remind me so we can wait for it and it will feel really special."

 

Know someone who would be a good guest on the show to talk about gender and money? Email us howdy@moneyhealingclub.com

 

02:46 Listener Question: Teaching Kids About Money

04:57 Understanding Your Own Financial Upbringing

09:41 Practical Tips for Teaching Kids Financial Responsibility

11:39 Age-Appropriate Financial Involvement

18:31 Encouraging Financial Independence and Generosity

21:36 Conclusion and Resources