Episode 60: Raising Money-Smart Kids

Episode 60: Raising Money-Smart Kids

From Wallet Wisdom by Lake Michigan Credit Union

April 15, 2026 · 36 min · Episode 60

About this episode

This episode discusses how parents can instill financial habits in their children from an early age.

Helping your kids build strong financial habits starts earlier than you think, and this week’s Wallet Wisdom episode shows you how to begin. Brett sits down with Byron, Market Leader at LMCU’s Downtown Detroit branch, to talk about how parents can start meaningful financial conversations with their kids and why those early discussions matter more than ever. From simple savings habits to long-term planning tools like 529 plans, Byron shares practical, real-life strategies families can use no matter where they’re starting financially. As he explains, building wealth doesn’t begin with big money, it begins with consistency and small steps over time. === The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast…

People in this episode

Host: Brett

Guest: Byron

Topics covered

  • financial education
  • children's finance
  • savings habits
  • long-term planning
  • wealth building

Keywords

  • financial habits
  • kids
  • savings
  • 529 plans
  • wealth building
  • financial conversations

Mentioned in this episode

Organizations: Lake Michigan Credit Union

Places: Downtown Detroit

More episodes of Wallet Wisdom

Explore listener stats, chart rankings, contacts and more on the Wallet Wisdom podcast page.