Parents have one of the greatest challenges out there. Money and financial wellness are crucial to ensuring your child’s future, and add to this challenge. This isn’t just about saving for tuition or investment planning — but how do you talk to your kids about money? As a parent himself, Chad Jones is no stranger to this dilemma. He’s not afraid to ask things like “what would my child say if I asked them to define what ‘rich’ means?” or “how does emotion vs. rationality affect my child’s decision making process?

Chad’s proud to provide his interesting stories, insights, and ideas for educating children about financial wellness. He’s been with Allen & Company for over 5 years, and is a certified financial planner who has also served in the U.S. Armed Forces as Finance & Accounting Officer.Read More About Chad


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Lesson 18: Teach Your Kids to Save vs. Spend

This time we’re going to apply our new-found appreciation for opportunity cost to an age-old personal choice: to save or to spend? Growing personal savings as compared to spending all your cash is a timeless challenge. Perhaps you remember when you were a kid yourself, your parents shouting “you should be saving your money!” and […]

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Lesson 17: Teaching Opportunity Cost

Okay, so we’ve well beaten the drum on the financial life lesson of Opportunity Cost in a previous Kids & Money episode. Now, let’s see it in action with this opportunity cost exercise! (If you missed out on the original explanation, catch up on previous Kids & Money lessons here.) Opportunity Cost Exercise: Planning the […]

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Lesson 16: How to Teach Wise Decision Making Skills

While you’re teaching kids about money this week, we won’t ask you to shell out any more candy… this time.  However, nobody ever said that helping your children learn these life skills would be easy. We’ll be asking you to step out on a limb this week, but it will help your kids understand the […]

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Lesson #15: What is Opportunity Cost?

In our last lesson, we reviewed what it means to be “rich,” both financially and as a human being. Now, we’ll transition into lessons on Opportunity Cost – an integral concept for your kids to understand, and for future Kids & Money lessons. These ideas are fun and easy to grasp. We hope you and […]

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Lesson #14: Reviewing the Meaning of Rich

In all our lessons so far in Kids & Money, we’ve focused on helping both us – and our children – define the meaning of rich, as well as other financial life skills along the way that contribute to this goal. Here’s a summary of the main financial wellness concepts we’ve covered that help us to […]

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