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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Kids & Money Lesson 8: Defining Rich Show me the Money!

Elementary: Make two columns on a sheet of paper. Title the left column ‘Income’ and write down how much money comes into your household each month. Title the left side ‘Expenses’ and list the following expenses with the corresponding amount: Home, Car, Groceries, Electricity (you can do more if you’d like) Have them figure out how […]

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Kids & Money Lesson 7: Defining Rich the Core Lessons

In Gary Keller’s book The Millionaire Real Estate Investor, he mentions what he calls Nina’s Rule. Nina was a personal trainer, hired by Gary, who always sought to correct a client’s posture before venturing into assigning certain exercises to meet the client’s desired end-state. Gary tells us that Nina believed a good (or bad) posture […]

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Kids & Money Lesson 6: Defining Rich Relational Budgeting

Last month we shared a game dealing with a SWEEPSTAKES scenario to help you understand the importance of communication when you want to make the best decision for all involved.  This concept applies to teaching kids how to work with others when it comes to money – a hard lesson usually learned as adults.  Here’s […]

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Kids & Money Lesson 5: Defining Rich Relational Budgeting

With relational budgeting, our goal is to have our child or children develop the skill of working with another person relationally in order to make efficient and effective decisions with money.  The main concept is to help them understand the need to communicate and how that communication can lead to decisions that are optimal for […]

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Kids & Money Lesson 4: Defining Rich Understanding Debt

Today we’ll take a look at understanding debt. This may sound like a bridge-too-far in having a child understand debt when so many of us get this wrong as adults. But what I believe you need to get across to them is quite simple: While debt is not always a bad thing, it requires you […]

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