Monday Money Tip

#167: How to Teach Your Kids About Savings


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About the Episode: 

  • In this episode, we’re sharing tips on how to teach your kids about saving money.
  • In our Current Events segment, we’re talking about how student loan debt is at an all-time high in the U.S. and growing at an unprecedented rate over the past two decades.  
  • Our success story comes from Lois, a member of our Fully Funded Life community. Since joining Fully Funded Life, she’s set up an emergency fund and even had extra money available when an unexpected life event happened.

Resources:
FULLY FUNDED LIFE
IWBNIN Ladder
Article: Statista
Article: Wall Street Journal
TOOL: College Calculator
BOOK: What Everyone Should Know Before They Enter The Real World
529 Plans
TOOL: Savings Spectaculars
Financial Peace Jr.

Related Monday Money Tip Podcast Episodes:
Episode 109: Making Your Student Loans Disappear
Episode 123: How to Choose the Right College
Episode 129: How Much Money Do You Need to Save For College?
Episode 144: How to Teach Your Kids About Budgeting
Episode 147: How to Teach Your Kids About Debt
Episode 149: How to Teach Your Kids About Investing
Episode 151: How to Teach Your Kids About Giving

Email [email protected] to ask questions or share success stories.

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Monday Money TipBy Joe Sangl

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