Episode 87: How to Talk to Your Kids About Money with Jackie Fradenburg

In this episode Melissa Fradenburg and her daughter Jackie discuss ways to talk with your kids about money. Jackie will share how she learned about money and why she is a good saver. Melissa will ask Jackie a series of questions that can help parents have meaningful conversations about money as well as instill good money behavior at a young age. 

You will learn:

• Why asking your kids about their first memory of money is a good conversation starter?
• What are some of the things your children could do differently to help with the monthly household expenses?
• Ask your Kids: What’s the difference between a “want” and a “need”?
• Should kids get an allowance for chores?
• Ask your kids: Did you ever purchase something and  later have regret?

What Resources:

Listen to a webinar replay, Talking to Your Kids about Money.

Blog post from Pearl Planning, The 3 Money Conversations to Have with Your Kids

Read an article from NPR, Want to Teach Your Kids About Money? Start By Including Them In the Conversation.

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Data Sources: Capital Group, RIMES, Standard & Poor's.