MONEY WITHOUT MATH

Building Money Skills in Kids with Mary Wilcox Smith

Karen Coyne, CFP®

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0:00 | 36:40

Parenting around money is messy for almost everyone. Your kid blows through their allowance or your college student burns through the semester’s food budget–and without intention, you might find yourself responding in a way that’s more controlling than it is constructive.

In this episode of Money Without Math, Karen Coyne is joined by parenting speaker, author, and coach Mary Wilcox Smith to explore how parents can build real financial skills in children at every age. They discuss why money problems are often skill gaps, not character flaws, and how validation, practice, and modeling are more effective than lectures. 

Mary shares simple scripts, small-step strategies, and mindset shifts that help you hold boundaries, give your kids more appropriate control, and build their capacity with money over time.

In this episode:

  • The skills gap behind money struggles are not character flaws
  • Building capacity instead of punishing mistakes
  • Setting ceilings on spending, even when you have the means
  • Course correcting with older teens and young adults
  • How to stop bailing them out while still staying connected


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