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Episodes

MBL 1 - Raising Financially Aware Kids

Sarah and I are vested in our kiddo's future. Having a child of our own now, we both want the best for our little bundle of joy, including some understanding of the value of money. However, talking with your family about money can be difficult just the same.

Should I be saving money for my kid? What is a prudent allowance? When is the right time to get a job? Should I intervene when they do something silly instead of save?

Tune in to hear about different ways to save for future expenses, including education. We discuss how our parents did it for us, and some items we believe to be common sense. We also reminisce about personal spending habits and earning money when we were tikes.

Check out these links for more in depth research:

Growing Family Wealth

3 Big differences between a 529 and UTMA accounts

How to Start a 529 College Savings Plan

Coverdell ESA - Answers to your Questions

7 lessons to teach your kids

Book - Yes, You Can Raise Financially Aware Kids

 

Elliot Canfield2 Comments