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 #22: Never Run Late Again

Welcome to a new group of financial life lessons! In our Kids & Money series, the focus is on teaching these lessons to your kids in a way that they can understand (and will grab their attention) with a specific relevance to financial topics. In our first series of lessons, starting with the concept of […]

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Lesson 21: The Last Cookie and Impact of Our Choices

In our last lesson, we worked on teaching our kids the life lesson of choices. Specifically, the effects that choices have on others around them. And we used a wonderfully tasty example: a giant cinnamon roll. Life Lesson: The Impact of Choices On Relationships with Others For this lesson, imagine the classic cookie jar – […]

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Lesson 20: The Giant Cinnamon Roll

My mouth watered typing that title. I’m suddenly hungry and can’t concentrate. Must… have… someone… else… type this lesson… Last week we started the ball rolling on the concept of delayed gratification. Today, while Chad races off to the store, we’ll continue with our lesson on opportunity cost — with a twist. The kids get […]

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Lesson 19: Financial Benefits of Delayed Gratification

So, let’s find out if the last lesson took. Can we shorten up the timeline to see if saving wins over spending when we apply what we’ve learned? This is a life lesson in the potential value of delayed gratification, as well as teaching kids the opportunity cost – and future benefits of – their […]

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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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