Teaching kids life skills around money isn’t as straightforward as, say, teaching them how to order a pizza or do a load laundry. Not only are there different ways to approach each topic – from allowance and paying for chores to saving and charitable giving – but money is also incredibly emotionally-charged and often complicated by our own life experiences (ahem, baggage). Today Meagan and Sarah reflect on how our upbringings impacted our financial points of view, and the challenges we face when it comes to teaching our kids good money habits. Join us!
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Links We Mentioned (Or Should Have) In This Episode
- Meagan read the book The Psychology of Money by Morgan Housel which describes how everybody is emotional about money and nobody is rational about money.
- Here’s the recent College Plans & Family Culture episode where Meagan discussed how she talks about the cost of college with her children.
- Sarah interviewed a personal financial planner in Spending, Saving, and Living Your Values with Natalie Taylor: Voices 36.
- Meagan is launching a virtual community for midlife moms! Visit www.MORcommunity.com to learn more about Meagan’s private community for midlife moms coming soon!
- Sarah’s kids use Go Henry as a debit card and app to help them learn about money.