What to Teach Your Kids About Money, and When 1887
About this episode
The episode discusses what parents should teach their kids about money at different ages, featuring insights from financial educators and teachers.
Every parent eventually asks the same question: what does my kid actually need to know about money, and when do I teach it? Today's roundtable brings together three genuinely different perspectives, financial educator Karen Holland of Gifting Sense, middle school teacher and author Alaina Trivax, and Rishi Vamdatt, the now-college-bound creator behind Easy Peasy Finance who started teaching kids about money at age eight. Together they build a real, age-by-age roadmap, from swiping a credit card at six years old to filing taxes for the first time at eighteen. What You'll Walk Away With Why waiting until kids are "old enough to understand the math" is one of the most common mistakes parents make A simple age-by-age breakdown of what to teach, from age six all the way through eighteen Whether you should tell your kids exactly how much you earn, and what to say instead if you'd rather not Why letting kids make small, affordable money mistakes now protects them from much bigger ones later How to talk to kids about in-game currencies and microtransactions in a way that actually sticks A refreshingly simple way to build an allowance system that teaches real financial judgment, not just…
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