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Mama Knows

Kids & Money: Cracking the code w/ Lee Benson

Mama Knows

Cloud10

Parenting, Kids & Family

5.01K Ratings

🗓️ 18 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

In this conversation, Nina and Lee discuss the importance of financial literacy for children and how families can create a culture of value creation at home. They explore the Dinner Table method, which emphasizes teaching kids about money through practical experiences and collaborative discussions. The conversation highlights common mistakes parents make in money education, the significance of healthy struggles, and practical steps families can take to instill responsible money habits in their children. In this conversation, the focus is on empowering children to become self-reliant and financially competent through practical experiences and responsibilities. The discussion emphasizes the importance of allowing children to earn money through chores and 'brain gigs', fostering a sense of value and responsibility. The concept of holistic value creation within families is explored, highlighting the balance between financial education and emotional well-being. The conversation also addresses the significance of early financial education and the role of parents in guiding their children through healthy struggles, ultimately leading to stronger family dynamics and values. 00:00: Family Meetings and Financial Literacy Goals 05:47: Teaching Kids About Money: The Dinner Table Method 11:58: Building a Value Creation Culture at Home 18:11: Collaborative Conversations About Saving and Spending 23:32: Empowering Self-Reliance in Children 28:33: Understanding Value: Brain Gigs 34:42: The Importance of Early Financial Education Lee Benson is the CEO of Dinner Table, a revolutionary platform helping families teach their kids financial literacy, value creation, and personal responsibility. Under his leadership, Dinner Table has grown into a thriving, community-driven learning system, empowering parents to instill real-world financial skills in their children through guided discussions, interactive tools, and hands-on experiences. Lee has played a pivotal role in refining Dinner Table’s offerings, transitioning from a banking app to a dynamic education platform that prioritizes engagement and real-world application. By strengthening the community, optimizing content delivery, and enhancing parent-led mentorship, he has helped thousands of families integrate financial education into everyday life. His focus remains on making financial literacy accessible, practical, and transformative for the next generation. Find Lee at: @dinnertablefamily https://dinnertable.com/ Episode Sponsor: Visit activeskinrepair.com  to learn more about Active Skin Repair and to get  20% off your order, use code: MAMAKNOWS Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:32.6

Okay, so my husband and I had a meeting with our kids. We have a meeting every month as a family

0:42.4

and we talk about what our goals are as a family and what we want to do together as a family,

0:50.6

what things went well the month before. Anyway, so we had our big 20, 25 family meeting in January.

0:57.7

And one of the things that my husband and I thought was really important for our family this

1:02.5

year was to teach our kids about money and just money literacy in general because it wasn't

1:09.9

until about two years ago that my husband and I

1:12.7

really got serious about learning about money and growing money and saving and investing.

1:19.1

And both of us come from single parents, single moms who barely had money to survive,

1:25.5

let alone teach us about how to save money because, you know,

1:29.1

they didn't know.

1:30.9

And quite frankly, I don't think they teach you that in school.

1:34.9

I remember having a checkbook lesson in school.

1:38.0

Like, they taught you how to write a check in school.

1:40.1

That's the most education I got on money in school.

1:44.5

And I never had anyone really take me under their wing with that stuff.

1:49.6

And I started as a nurse in a hospital at a very young age.

1:54.0

I was 21.

...

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