Money is a big deal and a huge part of life as we know it. And whether we’re taking total control of our finances or letting the chips fall where they may, that’s a decision that not only affects us but also the people that were closest to – most importantly, our children.
Furthermore, the choices and examples we set for our kids, good AND bad, will follow them well into adulthood. It’s easy to think it’s too early for them to truly understand the weight of personal finances.
However, it’s a proven fact that parents who don’t practice good money sense often raise kids who inevitably fall down the same path. Indeed, the smart foundations we set today are invaluable for their tomorrow, and it’s never too early to start setting that good example!
On today’s episode of The His & Her Money Show, our guest is a champion of childhood financial education. New York Times bestselling author Beth Kobliner is a mom and journalist who’s passionate about teaching kids early on about money, how to manage it, and what it’s all about.
Her latest book, MAKE YOUR KID A MONEY GENIUS (EVEN IF YOU’RE NOT): A PARENTS’ GUIDE FOR KIDS 3 TO 23, is a treasure trove of information on the subject, and she lays it all out for us in this VERY informative episode for parents who have been wondering how to get their kids started on the right financial track!
The fact is that the way to really get more money for the future is to start putting it away.
Beth grew up middle class in Queens as one of three kids, watching her parents manage their money with a steady hand, which piqued her interest from an early age. Later on, Beth worked as an assistant for Silvia Porter, who was the first to start the conversation on personal finances.
Like millions of other people, Beth was inspired by Silvia’s work, and thus sparked her own career path as a financial commentator and journalist. Now she’s been writing about personal finances for 30 years, from debt to investing to saving.
The aspect she’s most involved today in is parents. She teaches us how we can build smart money habits for ourselves and our families. Moreover, how we can educate our kids to keep that ball rolling as money-smart adults!
What You Will Learn
- Beth’s “5 C’s” for allowances
- The best financial lesson Beth ever learned
- Ways to NOT teaching your kids financial lessons
- The importance of learning the “good with money” basics
- Simplifying the great allowance debate
Resources Mentioned
- Make Your Kid A Money Genius by Beth Kobliner
- Beth’s Website – BethKobliner.com
Thanks For Listening!
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