Ep 72: Raising Kids Who Understand Money: Ages 0-12

Long before kids earn their first dollar, they’re forming beliefs about money. In this episode, we explore how even at ages 0–12, you can be raising kids who understanding money, and how you can instill good habits for giving, saving, spending. 

Take a listen right here, or watch this episode on YouTube!

Related Links for Raising Kids Who Understand Money

Read more about the study by the University of Cambridge on how kids develop their financial habits.

For more from FDS on raising kids, listen to Ep 36. “How to set your kids up for success“

Lisa’s Recommendations:

• Learn more about 4H, the national club that she mentions.
• The Consumer Math for Real Life Curriculum that she teaches with.

Michelle’s Recommendations:

• “Give, Save, Spend” personal bank.
• “Give, Save, Spend, Invest” personal bank.
• USBORNE Lift-the-flap Questions and Answers About Money
• USBORNE Understanding Money For Beginners
• USBORNE Economics for Beginners
• USBORNE Managing your Money
• USBORNE Understanding Business

Timestamps

0:52: Meet Lisa!

3:26 How Lisa teaching finances

13:12 How to manage money as a married couple

20:17 Money lessons kids need to learn

30:50 Ages 0 to 6 years old

37:31 Ages 6 to 12 years old

Credits for Episode 72

Host: Michelle Smalenberger, CFP®

Guest: Lisa Gottschalk

Executive Producer: Anna Lewis

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