🚸 How can I teach my kids good money habits? episode artwork

EPISODE · Dec 7, 2024 · 22 MIN

🚸 How can I teach my kids good money habits?

from Money Healing Club Podcast · host Rachel Duncan

The Money Healing Club Podcast How can you raise financially confident kids without passing down your own money anxiety?  From my take on predictable allowances to involving kids in family financial decisions, I share practical strategies that go beyond just teaching budgeting.  Here are some scripts to try with your kids: "I'm wanting to spend less money, so I need your help reminding me when we're at the store to stick to our list. Can you help me with that? " "I'm going to start giving you some limits on how much we spend. It's called a budget, and I'm doing it for myself too. Do you want to see our family budget?" "Lately, we haven't been watching how much we've been spending. What ideas do you have for how we can all cut down on spending?" [Be open to all responses.] "I'm going to set up a yard sale, or sell clothes, or put things on Craigslist. What ideas do you all have to make some extra money? Are there things you would like to sell too?" "Let's set aside a special day every week or every month for getting a treat. I need you to remind me so we can wait for it and it will feel really special." 02:46 Listener Question: How can I make sure I don't mess up my kids' money behaviors? 04:57 You gotta look to your past (here's how) 09:41 Kids can have more financial responsibility than you think 11:39 Age-Appropriate Financial Involvement 18:31 Encouraging Financial Independence and Generosity 🖐️Leave us a voicemail: What topics or speakers do you want to hear about next season? Click on the big orange button on our site right from your phone or browser and let me know https://www.moeyhealingclub.com/podcast 💫 Use code PODCAST for 50% off your first month and start your money healing process! https://www.moneyhealingclub.com/club Full transcript can be found here: https://www.moneyhealingclub.com/podcast

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This episode was published on December 7, 2024.

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