1711: Kids and Money Week: Teaching Young Ones About Saving and Budgets

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 19 August 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're kicking off a weeklong series on kids and money in partnership with Chase Bank. Our episode today dives into ways we can teach young kids the basics of saving and money management. How to implement an allowance system? How can parents and caregivers model positive financial habits? What are the best books for teaching financial literacy? Our guest is Renee Campbell, Head of Youth & Family Banking for Chase Bank. For more information about Chase’s student resources, visit: chase.com/somoney.

Transcript

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0:00.0	So Money Episode 1711, Kids and Money Week teaching young ones about saving and budgets.
0:06.5	You're listening to So Money with award-winning money guru Farno Shorabi.
0:12.2	Each day get a 30 minute dose of financial. Board-winning Money Guru Farnu Shorabi.
0:12.6	Each day get a 30 minute dose of financial inspiration
0:15.8	from the world's top business minds, authors, influencers,
0:19.5	and from Farnuish herself.
0:22.1	Looking for ways to save on gas or double your double coupons?
0:25.0	Sorry, you're in the wrong place.
0:28.0	Seeking profound ways to live a richer, happier life.
0:31.0	Welcome to So Money.
0:34.5	This episode is brought to us by Chase Bank.
0:37.6	Welcome to So Money, everybody.
0:38.8	I'm Furnish Terabi.
0:40.5	As part of a week-long series on Kids and money, we're going to spend today's show diving into all the different ways young kids can begin to learn the basics of saving and money management.
0:52.1	Just the basics, nothing too wild.
0:54.4	You may have heard our family just implemented
0:56.4	an allowance system.
0:57.7	I'll tell you a little bit more about that.
0:59.2	And I'll be the first to say it's not the only or best way
1:01.8	to teach kids about money. There are many, many different ways
1:05.1	and strategies. From piggy banks to savings jars, you can role play, you can pretend play.
1:11.6	We're going to talk today about how parents can model good behavior when
	...

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