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WSJ Your Money Briefing

What Kids Should Know About Keeping Their Money Safe

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 6 December 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

The New Money Rules for Kids: With online financial accounts, comes the possibility for kids to make some mistakes with them. In the final episode of our series, we explore how kids (and parents) can keep their money safe and start practicing good money habits. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This Winter, memberships will never be the same again.

0:03.4

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0:09.0

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0:12.2

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0:16.0

It's on prime.

0:18.0

Geographic restrictions and teasancies apply 18 plus.

0:20.0

Welcome to a special edition of Your Money Briefing. It's Wednesday, December 6.

0:26.0

I'm Ariana Sbudu for the Wall Street Journal.

0:29.0

Over the past three weeks, we've explored some of the ways that kids are learning about money and spending it.

0:37.0

They said they would hand their kids cash and the kids would hand it right back and say,

0:40.0

nope, I want robots or Minecraft coins or v bucks for fortnight.

0:45.0

How some kids are using social media to make money.

0:48.0

Facebook, Instagram, Twitter, anything you think of,

0:51.0

my space, all of it. Are you a my space all of it and my space page now I was just joking and what

0:57.8

options kids have to save that money once they have it it's really a great exercise to start early on because you're

1:04.0

teaching yourself hey I shouldn't really spend more than what I'm bringing yet.

1:10.0

So what do young savers need to know about keeping their money safe?

1:14.0

And how can they start practicing good money habits to last over the years?

1:19.0

That's after the break.

1:27.0

Make match days easy with Google Pay.

1:31.0

When the last train before kickoff leaves in five, tap in with your Android phone to catch it. No stress.

1:35.0

And if the cue for the merch store means extra time,

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