Jul 17, 2019
If you’ve ever felt like kids assume you’re made of money, they beg for more stuff, and seem to have no appreciation for what they have, this episode is going to help you form a simple plan to change that.
In this episode, John Lanza from www.themoneymammals.com/ talks about how to create money habits in your family that will help kids learn to save, spend, and give money in an intentional and easy way.
Money isn’t often talked about at home, or until kids are much older, but here John shares how to start talking about money, and helping kids manage their own money as early as 5 years old using his money mammals program.
In this episode you’ll learn:
*when and how to start doing allowance (which doesn’t involve giving kids money freely or paying them to do household tasks)
*How to let kids practice money skills in a lower-stakes environment so when they become adults they’ve developed good money habits
*how to change this system as kids grow into teen years