MomDocTalk with Kristen Cook, MD

How Can You Raise Financially Literate Kids in Today’s World?

Kristen Cook, MD Episode 31

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In this episode of MomDoc Talk, host Kristen discusses the importance of raising financially literate children. She shares practical strategies for teaching kids about money at every age, from toddlers to teenagers, including hands-on play, budgeting, and real-life money management. Kristen reassures parents that even those with financial struggles can empower their children with financial wisdom by modeling positive habits and sharing personal experiences. The episode aims to help parents instill confidence and responsibility in their kids, ensuring they are prepared to make informed financial decisions as they grow.

  • Importance of raising financially literate children
  • Strategies for teaching financial literacy at different age levels
  • Engaging toddlers and preschoolers through pretend play and hands-on activities
  • Visual money management tools like labeled jars for saving, spending, and giving
  • Financial education for school-aged children, including bank accounts and budgeting
  • Use of technology and apps to simulate real-world financial transactions
  • Teaching teenagers real-life money management skills and the importance of tracking finances
  • Discussion of teenage jobs and balancing work with school and mental health
  • Understanding credit and its implications for teenagers
  • Empowering parents to teach financial literacy despite their own financial struggles

Podcast Disclaimer

The information presented in this podcast is for educational and informational purposes only. It is not a substitution for professional medical advice, diagnosis, or treatment. Always seek the advice of your healthcare provider for medical concerns. All of the opinions are of Dr. Kristen Cook and do not reflect the opinions of her employer nor the hospitals she is affiliated with. The authors and publishers of this podcast do not assume any responsibility for errors, omissions, or consequences of using the information provided.

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