Episode description

In our latest episode of Let's Talk Money and More Podcast, I discussed the value of creating a safe space for children to ask questions about money and learn through real-life experiences. I emphasised the importance of teaching kids about budgeting, earning opportunities, and the positive psychology behind financial planning. Join me in building a financially competent future for our kids. Check out the Money at Home Financial Literacy Portal and let's make this summer a season of learning and financial growth for our children.

Key Takeaways

• Make money conversations positive: It's vital to frame budgeting and financial planning in a positive light, focusing on opportunities rather than scarcity. Involving children in financial decisions like planning activities and understanding costs can help them grasp the concept early on.
• Teach through real-world experiences: Summer holidays provide a perfect opportunity to practice real-world math through budgeting, comparison shopping, and even letting children buy ingredients for a meal within a budget. These experiences can lay a strong foundation of financial literacy for kids.
• Encourage curiosity and learning: Starting money conversations early, around age 2-3, can make money less taboo and foster curiosity. Letting children ask questions and be curious, even if it means repeatedly asking "why," can instill a lifelong love for learning and a comfort with questioning the unknown.

Unlock your teen's financial potential this summer with Money@Home

https://lesleyathomas.kartra.com/page/money-at-home-summer

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