Lesson 1

Get money in their hands

We often try to teach our kids about money without actually getting it in their hands. Then we wonder why kids are going to college and lack budgeting skills. Many college students even build up credit card debt. That happens because they never had money in their hands to practice.

1) READ THE CHAPTER

For information and a deeper dive into having money talks with your kids. Read the chapter with relevant financial literature to give you a sufficient foundation on the topic. Order your copy of the book below.

2) LISTEN TO THE PODCAST

Listen to this lesson’s episode where I’ll walk you through the questions to ask your kids during the conversation as well as the likely responses you’ll hear from them.

3) SEND THE TIKTOK

Send this video to your child, so you can set the stage for the topic you’ll be discussing, in a language they understand.

TikTok Lesson 1 – Get money in their hands
4) HAVE THE MONEY CONVERSATION

Using your printed one-page conversation guide and enjoy the dialogue with your family to get them financially launched. Now’s the time to discuss and start the conversation.

Additional Lesson Resources

Books
  • The Defining Decade: Why Your 20s Matter (Jay)
  • The Career Playbook (Citrin): This looks like a great book. Would be appropriate for college graduates to get their first “real” jobs. Works in your chapter on getting money in the kid’s hands.
  • StrengthsFinder 2.0 (Rath) This book is a way to uncover your talents so you can strengthen your talents, rather than fixing our shortcomings. It is the revised updated version. Another good resource for the book.
  • The Art of Allowance (John Lanza) & website resources: https://themoneymammals.com/signup-parents
  • United States Economy at a Glance by the Bureau of Labor Statistics: Get a quick look at the U.S. economy, including current unemployment rates and average earnings. https://www.bls.gov/eag/eag.us.htm
Financial Literature (FinLit)
Other

Money Prodigy: “100 Chores to Do Around the House (Kids & Teens)”
https://www.moneyprodigy.com/100-chores-to-do-around-the-house/


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