Hosted by: Chad Jones

In this episode, we continue the discussion on opportunity costs. Chad dives deeper into the question, “What is the wise thing to do,” with a personal example from his life, and explains how teaching kids the lesson on planning to budget can be fun.

In this episode we cover:

• Chad’s prepaid college story (3:40)
• Enjoy life now while saving (7:10)
• The two-dollar an hour exercise (9:43)
• Who does my decision effect is a great question to pos when teaching children about opportunity costs (16:43)
• It’s easy to get your kids involved when teaching planning to budget using time (19:56)
• There are consequences if we do not budget our time well (25:36)
• It is disrespectful to be late (29:10)
• Easy budget tips using give, save and live (4:19)
• Writing down goals is key to reaching them (36:30)
• Kids knowing where the money went is critical to learning to budget (34:52)
• Keep your past budgets for a sense of accomplishment (39:22)

Links From the Show:

Allen & Company
Kid & Money Blog
Prepaid College Plan Florida
Backwards Planning for Time Management

Key Words mentioned in this show:

Chad Jones – CFP® Financial Advisor at Allen & Company
Allen & Company – Chad Jones
LinkedIn – Chad Jones

The opinions voiced in this program are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult an appropriate qualified professional prior to making a decision.