Merging Life and Money with MJ Caesar

Ep. 128- THE IMPORTANCE OF TEACHING YOUR KIDS ABOUT MONEY AND FINANCE


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In this episode, I will discuss the fascinating topic of teaching kids about money in our cashless society. In a world where transactions are no longer visible and digital payments have become the norm, how do we instill valuable money management skills in our children? Do we stick to the traditional piggy bank model or is there a better way to prepare them for the cashless future? 

Join me as I explore strategies, challenges, and the importance of early financial education for our little ones. Let's get started!

 Tune in and discover how to:  

·         Teach kids the value of money in a cashless society

·          Find alternative methods to the traditional piggy bank model for allowance

·          Prepare kids for a cashless future by setting up limited-feature checking and savings accounts

·         Understand the preferences of the younger generation towards digital payments and convenience

·         Teach kids about the responsible use of credit cards as a tool.

·         Lay a strong foundation for financial well-being by nurturing good money habits early on.

 THE KEY MOMENTS IN THIS EPISODE ARE:

 03:27 Parents Play a Critical Role in Teaching Money Management

06:04 Teaching Financial Concepts: Start Young, Grow Wise

09:39 Building Financial Habits: Wants vs. Needs

11:52 Empowering Kids with Financial Knowledge

13:17 Empower Your Kids with Budgeting

14:47 Preparing Teens: Money Matters in College

19:43 Empower Your Kids with Responsible Credit

23:57 The Debt Spiral: Escaping Credit's Grip

29:53 Unlocking the Invisible Magic of Money

37:10 Quote of the Show 

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Merging Life and Money with MJ CaesarBy Marie Jo Caesar