Teaching Your Kids How to be Money-Savvy with Scott Donnell

Secrets of Happily Ever After

Ready to shake up the way we teach our kids about money? Join me as I sit down with Scott Donnell, best-selling author and host of the Smart Money Parenting podcast, putting the spotlight on financial literacy for the younger generation. Scott is on a mission to empower 50 million children and parents with financial competence through Gravy Stack, a gamified bank account for kids and teens. We're not just talking piggy banks and pocket money here; we're breaking down the poverty mindset and taking responsibility for our kids' financial education.
It's time to rethink the way we approach teaching financial skills to our children. For the past decade, Scott has been leading the charge, using platforms like business fairs and Grapestack to impart financial literacy basics to families. We dive into the mechanics of his home economy system, built around the three E’s: expectations, expenses, and extra pay. This isn't just about counting coins; it's about teaching children to make sound financial decisions, managing their money, and understanding the value of work.
We also touch upon the pressing need to build a generation of deeply connected, confident, and capable individuals. We're talking about equipping them with the skills they need to navigate the world. So how do we do this? We're sharing insights on setting up a home money system that supports your children's financial education and prepares them for a secure future. So join us, learn, and start the conversation about money with your own families.
And if you liked this episode and want some further training from Scott, be sure to register for this FREE webclass we're hosting --> https://monicatanner.com/moneykids

Chapters

1. Teaching Your Kids How to be Money-Savvy with Scott Donnell (00:00:00)

2. Teaching Kids Healthy Money Habits (00:00:02)

3. Teach Kids Financial Skills and Value (00:07:40)

4. Creating Capable, Confident, and Connected Families (00:18:59)

5. Money Systems for Parents and Kids (00:28:12)