#104 - Allowance and Beyond: Creating a Financial Education Plan for Your Kids

A Dad's Path

Will Braunstein

Parenting, Kids & Family

5 • 1.1K Ratings

🗓️ 15 July 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, we speak with Vince Shorb, the Founder and CEO of the National Financial Educators Council, about the essential topic of financial literacy for kids. Vince is on a mission to equip today's youth with the practical financial skills they need to navigate life's challenges and lead secure, fulfilling lives.

Key Takeaways:

Core Financial Skills: Discover the fundamental financial skills every child should learn, from earning money to managing expenses and saving.
Role of Parents: Learn how parents can play a crucial role in their children's financial education, including the best age to start teaching about money.
Chore Systems: Explore the benefits of implementing a comprehensive chore system that instills a strong work ethic and financial understanding from a young age.
Financial Challenges: Understand the external influences that impact children's financial behaviors and how parents can counteract consumerism.
Fun Financial Education: Get tips on making financial education engaging and fun, with ideas for monthly family finance meetings and interactive learning activities.

Whether you want to start early with your kids' financial education or refine your approach, this episode is packed with valuable insights and practical advice. Tune in and empower your children with the knowledge they need for a financially secure future!

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to a dad's path where we navigate the heart and science of parenting.
0:05.4	Each episode we tackle issues that dad's everywhere face and deliver actions
0:09.9	you can take right away. Join us as we uncover the balancing act
0:13.6	of raising resilient loving kids.
0:16.0	Visit us at a dadspath.com to learn more.
0:18.8	Ready for the journey, let's begin.
0:26.0	Hello and welcome to the episode of a Dad's Path Podcast. I'm Will Bronstein.
0:28.0	Today we're here with Vince Shore.
0:29.0	Vince is the founder and CEO of the National Financial Educators Council, which is an organization
0:35.0	dedicated to promoting financial literacy education and providing people with
0:38.7	the knowledge and guidance they need to foster greater financial well-being.
0:43.0	His mission is to ensure that today's youth graduate
0:47.0	and learn with the practical skill set they need
0:49.0	to navigate life's financial challenges
0:51.0	and empower them to lead secure fulfilling lives.
0:55.0	Today we're going to talk about core financial skills that all kids need, the role of parents in that education.
1:01.0	When parents should start talking and teaching their kids about money,
1:05.9	how parents can contribute to their skills and development in that areas, and more.
1:09.8	So you can learn more about Vince and his work at the Financial Educators
1:15.2	Council.org that will be in our show notes but excited for this conversation
1:19.7	welcome Vince.
1:20.7	Hey thanks for having me well from your intro sounds like we're going to be covering quite a bit of stuff here.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Will Braunstein, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Will Braunstein and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.