Have you ever discussed your family money values with your kids? Do they know what it means to “keep up with the Joneses”? Have your kids ever asked why your house is so small compared to their friend’s house? Or maybe they ask why your family stayed home for Spring Break instead of going on a trip together?

In this latest podcast, kids are asked what it means to “keep up with the Joneses” and what it means to be “rich.”  Listen in for my tips that follow on how to discuss your family money values together and answer the question your kids may have asked already, “Are we rich?”

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The standard Tax Day would usually be this week. But, thanks to a government extension we all have another month to file.  As adults we often dread “tax day.”  We sometimes forget what the taxes are used for – and how they benefit our day-to-day lives.

In this Seven Figures – Seat at the Kids Table podcast segment, we asked kids if they paid taxes and what they thought about them.  It’s a subject many adults do not discuss much, let alone kids.  But it is an important topic to help them understand why taxes exist, and that they do serve a purpose for us all on a local and national level.

Have you ever discussed taxes with your kids?  Have your kids ever asked about them when out shopping together?  If so, what did you tell them?

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April is National Financial Literacy Month.  A time near and dear to me and our mission to help kids get smart about money.  There’s no better way to help teach kids about money concepts than to start by asking them what they already think about those topics.  So to kick off this holy month of financial literacy, we asked kids what they thought about the lottery.

When the numbers get big, it seems everyone jumps on board and buys their ticket (or tickets) in hopes of a “big win.”  But this get-rich-quick scheme isn’t a financial plan.

Listen in to this short podcast segment (about 5 minutes) where kids share their ideas about the lottery, and I share a few tips on how adults can discuss the topic with them.

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Money is a tool that helps us achieve our goals. What would our world be without money as a tool?

Take a listen to the kids’ answers in today’s podcast when they are asked what they think of a world without money.  Their answers might surprise you (I was delighted).

Conversations with our kids about money are a way to hear what they think and to help them understand more about what you think. The more we talk about money the more we learn and the more comfortable we get with the money conversation.

Time well spent!

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