MFP 177: Kids & Money - the Messy Family Take

"Teaching kids how to handle money is more than dollars and cents, it's about character and responsibility" - Dave Ramsey Handling money is a subject that can bring about strong emotion in couples, but it's a life skill that we need to teach our children! How we use money reflects our values, and if we want to intentionally train our children and instill in them our deeply held beliefs, then we need to teach them how to use money. Like most things we do as parents, teaching isn't just talking. Children learn by example, they learn by asking questions, and most importantly, they learn by doing. In this podcast we take some time to explain how we have taught our kids how to use money and how they have taken these lessons into adulthood. Although we don't propose to have all the answers, we do share how we have handled allowances, paying kids for chores, children contributing to the household, and children taking care of their own expenses. Listen in for some fun conversation and inspiration!