))
Ep. 128- THE IMPORTANCE OF TEACHING YOUR KIDS ABOUT MONEY AND FINANCE
Manage episode 381182854 series 2991667
Content provided by Marie Jo Caesar. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marie Jo Caesar or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, I will discuss the fascinating topic of teaching kids about money in our cashless society. In a world where transactions are no longer visible and digital payments have become the norm, how do we instill valuable money management skills in our children? Do we stick to the traditional piggy bank model or is there a better way to prepare them for the cashless future?
Join me as I explore strategies, challenges, and the importance of early financial education for our little ones. Let's get started!
Tune in and discover how to:
· Teach kids the value of money in a cashless society
· Find alternative methods to the traditional piggy bank model for allowance
· Prepare kids for a cashless future by setting up limited-feature checking and savings accounts
· Understand the preferences of the younger generation towards digital payments and convenience
· Teach kids about the responsible use of credit cards as a tool.
· Lay a strong foundation for financial well-being by nurturing good money habits early on.
THE KEY MOMENTS IN THIS EPISODE ARE:
03:27 Parents Play a Critical Role in Teaching Money Management
06:04 Teaching Financial Concepts: Start Young, Grow Wise
09:39 Building Financial Habits: Wants vs. Needs
11:52 Empowering Kids with Financial Knowledge
13:17 Empower Your Kids with Budgeting
14:47 Preparing Teens: Money Matters in College
19:43 Empower Your Kids with Responsible Credit
23:57 The Debt Spiral: Escaping Credit's Grip
29:53 Unlocking the Invisible Magic of Money
37:10 Quote of the Show
Connect with me:
Instagram: https://www.instagram.com/the_financiologist_mjcaesar/
Facebook: https://www.facebook.com/merginglifeandmoney
YouTube: https://www.youtube.com/channel/UCDOmx_ThReq0hAC3acvMQ9g
Twitter: https://www.twitter.com/https://twitter.com/mariejocaesar
LinkedIn: https://www.linkedin.com/in/mjcaesar
Click this link https://mariejocaesar.com/fp-quiz to take the "What's Your Financial Personality Type” Quiz, so you can transform your financial identity and create Financial Freedom.
Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.
Chapters
1. Parents Play a Critical Role in Teaching Money Management (00:03:27)
2. Teach Kids Money: Actions Speak Louder (00:08:38)
3. Tooling Young Adults with Financial Wisdom (00:12:35)
4. Empowering Kids: Money Skills and Credit (00:14:17)
5. Money's Invisible Dance (00:15:35)
6. Empowering Kids: Saving and Spending Wisely (00:22:14)
7. Teaching Kids the Difference: Needs vs. Wants (00:23:06)
8. Empowering Kids: Money Management in the Digital Age (00:32:36)
9. Nurturing Financial Wisdom: From Cash to Crypto (00:34:03)
10. Quote of the Show (00:37:10)
163 episodes
Share
