#4 of 10 things NOT to say to your kids about $$$: “We’ll start allowance later, when you are old enough, when I have more time…”
When you should say… “Let’s talk about how allowance will begin to teach you to successfully manage the money in your life. Are you ready to have more control over money?”
At the end of April I was asked to share some advice on talking to kids about money on the Fox News Morning Show. In case you missed it, here’s the video with tips for parents not sure how or when to start the conversation about money with their kids:
Last month I had the opportunity to be a guest expert on the Martha Stewart Living Today Radio Show (Sirius XM Radio channel 110) to talk about kids and money. There were some terrific questions from callers during the show, so we have made videos from various segments in case you may have missed the show. The first video I posted a few weeks ago covered the many reasons why it is important to start young when talking about money with kids. (Click here to watch that first video.) Below is the second video in the series where I fielded a caller’s questions about how to handle the topic of money and budgets with kids during divorce, how to approach an allowance, wants vs. needs, etc.
Have you had a similar situation? If so, how did you handle it and what worked best for you and your kids? Or do you do you need some advice for you and your family? Please add your comments/questions below or send me an email: Susan@moneysavvy.com
Last week I was a guest on the Martha Stewart Living Today radio show on Sirius XM radio (channel 110). It was a lot of fun, and I got to field some great questions from callers too about kids and money! Allowance was the “hot” topic during the show; especially when to start.
If you missed the show, I have some good news! We recorded the entire 30 minutes, and have broken it down into 4-5 video segments that I will feature here over the next couple weeks. Below is Part One featuring statistics on kids and money and the importance of starting young. Let me know if these statistics surprise you. I’d love to hear from you as well. So leave a comment here or send me an email about when you started talking about money with your kids and how you did it.
Click here for #1 of the Top 10, #2 of the Top 10 and #3 of the Top 10
