Allowance, Hustles, and Hard Truths: Raising Money-Smart Kids" with Rachel Cruze

How do you teach your kids to actually handle money—and not just spend it? In this episode, Paula sits down with personal finance expert Rachel Cruze to break down practical ways to raise financially confident kids. Rachel shares why it’s important for kids to earn their own money early through chores, learn to divide it between saving, giving, and spending, and even open their own checking accounts before they leave home. Plus, the hilarious story of how Rachel and her sister hustled snacks at their dad’s office (Dave Ramsey!)—and what it taught them about real-world money skills. Rachel also explains why a little struggle is healthy—and how letting kids make small financial mistakes now can save them from major ones later. If you want your kids to grow up with real-world money smarts (and grit), this conversation is a must-listen. LIFE HAPPENS. Let’s Talk About It. Listen in  02:49) - Financial Literacy for Kids and Teens (09:39) - Teaching Kids Financial Literacy (15:29) - Teaching Kids Financial Independence (25:54) - College Funding and Financial Literacy (33:00) - Love on the Spectrum - Must Watch In this episode, we are digging into when to start teaching kids about the value of money, age-appropriate ways to teach our kids about money, the importance of teaching our kids delayed gratification, how working builds resilience and perseverance in our teens, creative ways for teens to earn money if their schedule won’t allow for a traditional job, how to balance helping vs. enabling our kids and loved ones, and the best ways to save for college. Sign up to receive Paula’s email, where she keeps it real about what it’s like being a parent in America. And, if you’re a working mom, make sure you’re getting The CARRY ALL email, the load-lessening newsletter for and by working moms.  Want to watch this episode? Watch on your Spotify app, or head on over to our YouTube Channel and be sure to like and subscribe!  If you want to connect with Rachel, follow her on Instagram. Learn more about your ad choices. Visit megaphone.fm/adchoices