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Ask Lisa: The Psychology of Parenting

96: How Do I Raise Financially Responsible Kids? Special Guest Bobbi Rebell

Ask Lisa: The Psychology of Parenting

Dr. Lisa Damour/Good Trouble Productions

Kids & Family, Mental Health, Parenting, Health & Fitness

4.8 • 720 Ratings

🗓️ 29 November 2022

⏱️ 34 minutes

🧾️ Download transcript

Summary

Having conversations with our kids about money can be difficult. So how do we set them up for good financial health? Financial expert Bobbi Rebell, author of Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart, joins the Ask Lisa Podcast as a special guest. The conversation answers key questions from listeners, including: How do we get kids to understand the value of the things they have? Should you do allowances? How do you teach financial responsibility to teens without stressing them out? Should kids have a credit or debit card, or even a checking account? Bobbi explains why there is value in biting your tongue and letting kids make mistakes with money and explains how her book grew out of some of her own parenting mishaps and regrets around money.  Dr. Lisa’s Resources  Bobbi Rebell’s website: www.GrownupGear.com Books: By Bobbi Rebell. Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart.  By Ron Lieber. The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money Podcast: Bobbi Rebell hosts the podcast, Money Tips for Financial Grownups podcast Follow us on Instagram, Facebook, Twitter, and LinkedIn @AskLisaPodcast, @LDamour, @ReenaNinan Additional resources:  https://www.drlisadamour.com/ Ask Lisa is produced by:  Www.GoodTroubleProductions.com

Transcript

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0:00.0

This is Ask Lisa, a podcast to help people understand the psychology of parenting.

0:10.0

Psychologist Dr. Lisa DeMore, author of two New York Times best-selling parenting books, takes your questions.

0:17.0

And I'm co-host, Rina Ninan, a journalist and mom of two.

0:24.2

Some of what we talk about comes from raising children ourselves.

0:28.2

Most of the time, I'll be getting answers to your parenting questions.

0:33.1

So send your questions to Ask Lisa at Dr.LisaDemore.com.

0:41.2

Episode 96, How Do I Raise Financially Responsible Kids with special guest financial expert Bobby Rebell?

0:48.2

All right. We're so excited to have Bobby Rabell join us. She's the author of launching financial grownups, live your richest life by helping your almost adult kids become everyday money smart.

0:54.0

I love that title. She's also a

0:55.8

financial literacy advocate and the host of the Money Tips for Financial Grownups Podcast and founder

1:02.2

of grownupgear.com. Bobby, welcome. We are thrilled to have you with us. Thank you so much for

1:10.1

having me. We love it. Okay, I'm just going to

1:12.9

get us started. Why does it matter that we start talking with kids about finances sooner rather

1:20.3

than later? Well, because then it's not going to be a shock to the system and you've integrated

1:25.9

into their lives, into your

1:27.5

lives and it becomes part of your everyday family life. It shouldn't be something where it's sort

1:32.1

of a separate subject. It should just be something that comes naturally to them when you go about

1:36.4

your daily life. If you take your children with you to do whatever you're doing, even as toddlers,

1:41.1

you can point out to them, gee, we have a choice between two things.

1:44.7

What should we use to decide which product we buy at the store?

1:48.1

And if they say the one with a prettier picture, you can point out, that's fine.

1:52.0

It may cost more, it may cost less.

...

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