Teaching Your Kids About Finance

Raise financially fit kids. Get practical tips for teaching kids the basics of how money is earned and spent, how to create saving goals, how to stick to a budget, and more.

Introduction

• Raising financially fit kids
• Who is this course for?

1. Being a Financially Fit Parent

• Teaching the parent to teach the child
• What if I'm not an expert on money?

2. Raising Financially Fit Kids

• The toy aisle or gift shop effect
• Core financial values through a family economy
• Create family savings goals with kids
• To give an allowance or not?
• How do I explain using money in a digital world to children?

3. Kid-Money Boot Camp

• Talking to your kids about where the family money comes from
• Teaching kids the tools of money (currency, checks, credit cards)
• Teaching kids about financial planning and setting up financial goals
• Teaching kids about budgeting and how to do it
• Teaching kids the importance of moderation and value
• Teaching kids charity
• Talking to kids about college savings

Conclusion

• Visualize what financially fit looks like