Decidedly I Decision Tips for Business Owners

Ep.158 I Deciding to Raise Financially Savvy Kids: Shaping Smart Spenders, Savers, and Investors


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What if teaching your kids about money wasn’t as hard as it seems? How can you make saving, spending, and investing lessons stick?


In this episode, Sanger and Shawn Smith explore straightforward strategies for teaching kids about money. They break down practical lessons on saving, spending, and investing to help parents equip their kids with lasting financial skills—without overcomplicating it.

 

KEY TOPICS

Methods to help your kids understand money without overwhelming them.

Why letting your kids make money mistakes could be the smartest move you make.

How emotions secretly control spending—and how to help your kids avoid the pitfalls.

Setting clear financial boundaries that shape lifelong habits and financial independence.

 

CHAPTERS

00:00 Introduction

00:54 Childhood Lessons on Money

03:47 Teaching Kids to Save, Earn, and Spend

08:49 Emotions in Money Decisions

11:39 Developing Healthy Money Habits

32:00 Personal Money Responsibility

35:19 Teaching Children to Budget

46:19 Managing Overspending

53:31 Talking About Finances in Front of the Kids

57:23 Involving Attorneys and Financial Advisors in Estate

Planning

01:02:10 Effectively Utilizing Trusts for Your Children

01:03:09 Five Key Money Decisions

1:03:42 Producer Closing

 

CONNECT WITH US

⁠www.decidedlypodcast.com⁠

Watch this episode on YouTube

Subscribe on YouTube

Join us on Instagram: @decidedlypodcast

Join us on Facebook

Shawn’s Instagram: @shawn_d_smith

Sanger’s Instagram: @sangersmith

 

Thank you to Shelby Peterson of Transcend Media for editing and post-production of the Decidedly podcast.

 

SANGER’S BOOK: ⁠A Life Rich with Significance: Transforming Your Wealth to Meaningful Impact⁠

 

SHAWN’S BOOK: ⁠Plateau Jumping: What to Change When Change Is What You Want⁠

 

MAKING A FINANCIAL DECISION?

At ⁠Decidedly Wealth Management⁠, we focus on decision-making as the foundational element of success, in our effort to empower families to purposefully apply their wealth to fulfill their values and build a thriving legacy. 

LEARN MORE: ⁠www.decidedlywealth.com⁠


SUBSCRIBE TO THE NEWSLETTER:⁠ https://visitor.r20.constantcontact.com/manage/optin?v=001aeU_pPBHJPNJWJBdVbaci6bjGIuEJurH12xHBWDEVT_NxyCadMd7wLSZjcEZglkSjDjehuIbTHD8nABOIdV69ctfYpSzg24RCIytetBUrlIPPKgaGzjGZ8DkM0Wp1LMjbErcYUur7PbZGjeVo4gyXlz821AoJGZR⁠

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Decidedly I Decision Tips for Business OwnersBy Sanger Smith and Shawn Smith

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