What financial lessons are your children learning from you? Kids notice how money is used around the household, andrely on adults to help them learn good financialbehaviours. This week we welcome back Lorena Milkert, Director of Retail and Business Banking at Island Savings, to talk with Derrick and Travis about the habits, tricks, and simple practical lessons that set kids up for a stress-free financial future. 

1:50–Money Problem:Travis’ clientswanted to help their daughter during a financial pinch, without giving her a handout. 

4:30– Expert Examination:Derrick, Travis, and Lorena cover financial literacy topics that are important for kids, teens and young adults – including the tricks they use in their households to be successful. Listen for:  

• why parents need to be conscious of their children’s financial literacy; 
• what lessons are appropriate for children as they grow up; 
• ways to help kids understand saving, credit, and spending; 
• how transparent to be with your own household finances; 
• common financial lessons that are often overlooked; 
• easing back from financially supporting an older child. 

20:30– Weekly Financial Fix:Travis has two suggestions to make talking about money a regular habit and helping children understand the role and impact of money. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.