Kids and Money: Financial Life Lessons for Kids

by Chad Jones – MBA, CFP®, Financial Advisor

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 #28: Choosing “wanting” over “owing”

The old clichés hold true time and time again: there’s nothing out there that’s truly free, and “you can’t always get what you want.” This is a hard lesson to learn even as we grow older, but it’s something we can start teaching our kids as early as elementary-school age up into the teens. Here’s […]

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Lesson 27: A “fast forward” example to show budgeting benefits

  In last month’s blog, we covered one of the most important financial life lessons your child can learn: how to start and keep a budget. In this lesson, we’re going to build on the steps in our previous lesson to help your child see the benefits of making – and sticking to – a […]

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Lesson #26: Teach your Kids to Keep a Budget

Today, we’re going to continue last week’s exercise of starting (and keeping!) a budget. Keeping a budget is THE most important activity when it comes to financial freedom. Of course, it’s also the hardest part. Teaching Elementary and Middle Schoolers to Keep a Budget Ask your kiddo(s) how they feel about having a plan for […]

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Lesson #25: Budgeting for Kids

Well, we are 24 lessons in to our financial life lessons for kids series — and we think it’s about time we have your kids start their own budget! Why not? No better time than the present, and well… it’s only the single most important habit regarding personal finances that they can learn. So, let’s […]

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Lesson 24: Time is Money (for your kids, too)

We’ve all used this phrase at some point in time. But it’s true for us – and for our kids!  We’re going to take our cue from this mantra to continue transitioning our financial life lesson strategies from budgeting time to budgeting money. Teaching kids about money: How budgeting time relates to budgeting money Elementary […]

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