Rock Solid Families - EP266 - Teaching Your Kids the Value of Money

Merrill and Linda

Are you tired of feeling like an ATM for your kids? Do you want to teach them the value of a dollar and help them become financially responsible adults? Then you need to listen to this episode of the Rock Solid Families podcast. In this eye-opening conversation, hosts Linda and Merrill Hutchinson discuss the importance of teaching kids about money from a young age. They share personal stories and practical tips for parents of children of all ages, from toddlers to adults. You'll learn how to instill gratitude, self-control, and financial responsibility in your children. Discover the power of setting boundaries and consequences, and how to reset unhealthy habits. Don't wait until it's too late. Start now and give your kids the tools they need to thrive in the real world and enjoy the benefits of a financially savvy future!

Key Takeaways:

• Teach children the value of a dollar from a young age by emphasizing manners, appreciation, and respect for money.
• Encourage delayed gratification and self-control to help children understand the importance of saving and making thoughtful spending decisions.
• Set clear boundaries and expectations regarding financial support for adult children, and have open and honest conversations about what you are willing and able to provide.
• Allow children to experience the natural consequences of their financial decisions, rather than constantly rescuing them from their mistakes.

Quotes:

• “Start very young in helping them understand the value of money, and the appreciation of what they've been given.” (14:45 | Linda Hutchinson) SM Quote
• “Self-control is what proves out in people's life to be the most successful bearing quality and trait.” (22:58 | Merrill Hutchinson)
• “This is a great opportunity to talk about where Satan loves to reside and is in all of us. Right. And so especially in our culture, because we're all about comfort and convenience and getting the things that we want. And so the next thing you know, we forget about what's important.” (25:57 | Merrill Hutchinson) Audiogram
• “Linda and I see situations now where we see parents that are in their 70s and their kids are now in their 30s and 40s and the kids are dictating what the love's going to look like still with material items. All right. And so this is a time where it's not too late. It's going to be a little harder, but it still is possible.” (29:21 | Merrill Hutchinson)

Links

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Website: https://www.rocksolidfamilies.org/

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