Episode 42: Talking to Your Kids About Money
Parents are powerful influences on how their children spend, save, and invest, so it’s critical to teach your kids about money early and often.
Research shows that kids learn their money habits and values from their parents, yet 69 percent of parents are reluctant to discuss money with their children. Kids are always watching, however, and parents are teaching by example - whether they realize it or not. Since parents are such powerful influencers over their children, it is critical to discuss money matters so that kids are learning from a combination of talking about money and watching their parents’ actions. There are dozens of ways to start personal finance conversations with kids of all ages, and Kathy shares her best tips for helping kids develop healthy money habits in this value-packed episode.
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