2571: 5 Ways to Involve Kids in the Family Budget by Chelsea of Smart Money Mamas on Financial Literacy For Children

Published: Dec. 31, 2023, 8:01 a.m.

b'Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\\nEpisode 2571:\\nChelsea from SmartMoneyMamas.com provides insightful strategies to involve children in family finances. The article emphasizes practical methods like using cash for certain expenses, understanding entertainment budgets, and maintaining a family savings chart. These approaches not only make money tangible for kids but also instill valuable financial habits early on.\\nRead along with the original article(s) here: https://smartmoneymamas.com/5-ways-to-involve-kids-in-the-family-budget/\\nQuotes to ponder:\\n"The best ways to involve your children in the family budget are going to be any methods that get them physically involved."\\n"If we discuss money with our children inconsistently or make it clear that is an uncomfortable subject for us, the first financial lesson our kids will learn is money is mysterious and scary."\\n"Fully understanding the idea of opportunity cost from a young age will help [children] make smarter financial decisions as an adult."\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'