How to Raise Money-Empowered Kids with John Lanza
Episode description
What's the right way to teach our kids about money? How do we create a system for chores and allowance that works? How do we show them to save and spend wisely? Today's show is all about how to raise money-empowered kids, and you might be surprised at the tips listed in this episode!
John Lanza is the author of the book The Art of Allowance and the host of a podcast with the same name. He tells us what most dads are doing wrong, like that age old system of giving allowance for chores. He also talks about what is the appropriate amount to pay kids by age, how to teach them to distinguish between needs and wants, and the three core money-smart habits they need to start learning from age five.
For the show notes, links, and sponsor offers mentioned in this episode go to gooddadproject.com/185.