Have I Set My Kids Up, or Set Them Back?

Most parents want to give their kids a softer landing than they had.But what if the soft landing is the problem?This week's letter writer has done everything right, on paper. Bills covered. Kids never stressed about money. An investment account quietly building in the background, for a nice surprise one day.But with the kids about to fly the nest, they're rethinking whether thiswas the right tactic. Because maybe protecting them from money stress means they've never actually learned to handle it.Katie Wesney, national coaching lead from EnableMe has answers. Together with Frances Cook, they talk about:How to talk to kids about money without making it a source of stressWhether a secret investment account is a gift, or a missed lessonThe right age to start involving kids in money decisionsShould you give your kid an allowance at university, or let them work for itWhat financial independence should actually look like for a teenager leaving homeIf you've ever wondered whether doing everything for your kids is setting them up, or setting them back, this is the one to listen to.If you have a letter you’d like us to answer, please send it through to [email protected] and you might feature on our next episode!Follow me everywhere!Facebook / https://www.facebook.com/FrancesCookNZInstagram / https://www.instagram.com/francescooknzTikTok / https://www.tiktok.com/@francescooknzJoin the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribeBecome a confident sharemarket investor by signing up to the Market Memo newsletter https://www.francescook.co.nz/invest#MakingCents #FrancesCook #MakingCentsPodcast #InvestingPodcast #MoneyPodcast #FinancialFreedomProduction and video editing by Lana ByrneAudio engineering by Tash ChittockFilmed by Fanaticals