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Kids & Money Episode 07

Hosted by: Chad Jones

January, 2022

This episode is all about the importance of teaching kids about keeping a budget and how parents can teach their children this lesson without having the best budgeting skills.

In this episode we cover:

  • Recap of previous lessons (3:00)
  • Why you need to write down your budget (4:37)
  • Every time your child receives or spends money they should write it down (10:56)
  • What is the clear and repeatable reward (13:42)
  • Leadership is to provide purpose direction and motivation (16:57)
  • Project out savings, income and expenses to see if goals will be met (22:00)
  • What are SMART goals and how do you set them (23:35)
  • Robin shares a personal budgeting story (30:26)
  • I want vs I owe (32:21)
  • What is stealing from the budget (34:34)
  • Purchasing something vs an experience budgeting lesson (39:00)

Links From the Show:

Allen & Company
Kid & Money Blog
SMART Goals
SNL Skit

Connect with:

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.

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