Marriage Kids and Money: Personal Finance for Families

How Parents Can Teach Kids the Value of Money - Liz Frazier (BEST OF MKM)


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Want to raise money-smart kids? In this Best of MKM episode from 2020, Andy Hill sits down with Liz Frazier, Certified Financial Planner and author of Beyond Piggy Banks and Lemonade Stands. Liz shares practical strategies parents can use to teach their young kids the value of money—starting as early as age four.

From understanding needs vs. wants to saving, giving, and making smart spending decisions, Liz outlines fun and effective ways to build lifelong financial habits in children. She also tackles common questions around allowances, chores, and how parents can be positive money role models, even if they don’t feel financially perfect themselves.

If you’re ready to help your kids build confidence, generosity, and gratitude with money, this episode is packed with actionable advice and inspiration for families.


Resources

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          • RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):

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                    • CHAPTERS

                      00:00 – Teaching kids the basics of money

                      02:00 – Why childhood shapes money habits
                      06:45 – When to start money lessons
                      08:30 – Needs vs. wants activity
                      09:45 – Teaching priorities and decision-making
                      10:45 – Allowance vs. chores debate
                      12:30 – Save, spend, share jars
                      13:45 – Making saving fun for kids
                      15:30 – Encouraging generosity and giving
                      18:15 – Teaching gratitude with money
                      20:00 – Helping kids appreciate wealth
                      21:00 – Parents teaching money (even if not perfect)
                      22:15 – Simple ways to start today
                      23:00 – Where to find Liz Frazier’s book


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                      Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.

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                      CREDITS:

                      • Podcast Artwork: Liz Theresa
                        • Editor: Johnny Sohl
                          • Podcast Support: Andy Hill
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