How Kids Learn to See Money as a Tool Not a Goal

In this episode of Teaching Kids About Money, Lucas and Luna explore how parents can help children shift from seeing money as an end goal to viewing it as a tool for building the life they want. They dive into a 2025 study from the University of Cambridge showing that kids who discuss 'what money does for you' rather than 'how much you have' develop healthier financial habits. Lucas shares a concrete example: a family who replaced 'we can't afford it' with 'we choose to spend our money on other priorities' and saw their kids' anxiety drop. Luna challenges whether this mindset works for low-income families, citing research that scarcity changes decision-making. They wrap with practical scripts parents can use at the kitchen table, like asking 'what would you trade to get that?' and 'what else could that money do?' This is episode 24 of the Fexingo Business podcast network series on financial literacy for children and families. #MoneyMindset #FinancialLiteracy #Parenting #KidsAndMoney #PsychologyOfMoney #SpendingHabits #SavingHabits #DelayedGratification #UniversityOfCambridge #BehavioralEconomics #FamilyFinance #TeachingKids #ToolNotGoal #FinancialWellbeing #MoneyScripts #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo