Transform your kid's piggy bank into a financial portfolio. Today, Amber's joined by Samantha Bird to empower parents to set their kids up for financial success. Samantha shares how she's teaching her three boys financial literacy with a money mindset rooted in responsibility and expansion. From how to up custodial accounts to age recommendations for personal finance lessons, this episode offers you the basics of raising financially savvy kids in a fun and accessible way.

Samantha Bird is a personal finance expert for children and their parents. Through innovative tools such as her workbooks, wallets for kids, hosting money dates and charging mock expenses to her 3 boys under 9, Samantha empowers her audience to navigate the world of finance with their children to build healthy financial habits.

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In today's episode, we cover the following:

• Introducing Samantha Bird (0:00)
• How Samantha got into personal finance for children (1:39)
• Why teaching kids personal finance at a young age is essential (3:28)
• Age recommendations for when to introduce different money topics (7:24)
• Accidentally going viral around charging her kids rent and utilities (8:21)
• How she teaches budgeting with her kids with money dates (9:32)
• What she's doing with her kids rent and expenses (12:43)
• Different types of accounts she has set up for her kids (13:30)
• Dealing with emotional regulation around money (16:22)
• The economy in Samantha's household: allowances (plus tips for allowance-free households) (18:15)
• Teaching kids different business models (20:36)
• Setting up vision boards with your kids (23:05)
• Transitioning from cash to debit and credit (24:05)
• Rapid-fire rich girl questions (26:59)

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RESOURCES

• Greenlight the online banking system for kids and teens
• Stockpile the app that empowers parents and kids to invest in their future and learn by doing
• Purchase Samantha's workbook printables and wallets
• Download her free Quick Start Guide

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GUEST INFO

You can learn more about Samantha and personal finance for kids and their parents on Instagram, TikTok @SamanthaBirdShiloh.

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Connect with the Old Money Podcast:

Web: OldMoneyPodcast.com

Email: [email protected]

Instagram: @OldMoneyPodcast

TikTok: @OldMoneyPodcast

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Copyright (c) Old Money 2024.

The content presented in this podcast is intended to entertain, educate, inspire and support listeners in their personal and professional development and does not constitute business, financial, or legal advice. Please note that this episode may contain paid endorsements and advertisements for products and services for which individuals on the show may have a direct or indirect financial interest in products or services related to the episode.

Produced by AFMEDIA, a division of AFMKTG