Teaching Kids About Money (Ep.107)

In this episode of the Retirement Plan Playbook, financial planners Matthew Theal and Joshua Winterswyk from Evermont Wealth discuss the importance of teaching children about money. They provide practical tips for instilling financial literacy at different ages—from toddlers to adult children. The episode also touches on current market events, including the implications of a recent software crash by CrowdStrike and rising past due credit card balances. The hosts emphasize the importance of building emergency funds, understanding credit, and starting retirement savings early. Additionally, they recommend watching the Olympics Gold Zone and a trip back to the movies with 'Twisters.' 00:00 Catch-Up and Personal Updates 01:19 Introduction to the Retirement Plan Playbook 02:17 Teaching Kids About Money 03:32 Olympics 05:06 CrowdStrike Incident 08:28 Credit Card Balances and Economic Concerns 09:54 Stock Market Update and Political Uncertainty 12:53 Financial Literacy for Kids 18:44 Teaching Kids About Money: Allowance and Savings 19:03 Bank Visits and Financial Literacy for Preteens 20:41 Understanding Credit and Taxes for Teens 23:54 Gamifying Financial Education for Kids 26:21 Financial Planning for Adult Children 31:44 Saving and Retirement Planning 35:07 Evermont Recommends: Entertainment and More Connect with Evermont Wealth:  [email protected] [email protected] (909) 296-7977 Evermont.com LinkedIn: Matthew Theal LinkedIn: Brent Pasqua LinkedIn: Joshua Winterswyk LinkedIn: Evermont Wealth