As parents, part of our job is to raise money-smart kids who are well-versed in saving, sharing, and spending smart. That process can be daunting, especially if we do not come from a background of sound financial decisions. But have no fear, friends, because we are here to help.
Today on the podcast, we have money guru, John Lanza, who is on a mission to help families raise money-smart, money-empowered kids so they can live happier, more fulfilled lives. To that end, he has written The Art of Allowance along with three other children’s picture books. John is the creator and Chief Mammal of the Money Mammals, an award-winning DVD and youth savings account program for credit unions nationwide, all built around the core Money Mammals Mantra, “We’ll Share and Save and Spend Smart Too.”
WHAT YOU WILL LEARN:
- Why you don’t need to be an expert to teach your kids.
- The biggest mistakes parents make when it comes to teaching their kids about money.
- Why allowance is the best tool to teach kids about money.
- The way to structure allowance for maximum effectiveness.
- When should parents start an allowance, and how much should they give?
- What to do if your kids are teens or tweens and you have not yet started teaching them about money.
- How to teach kids to save and make charitable contributions in addition to smart spending.