Shows
How To Teach Your Kids About Money#18: Financial Wisdom from The College Investor: Robert Farrington on Student Loans & Kids' MoneyFinancial Wisdom from The College Investor: Robert Farrington on Student Loans & Kids' Money
Student loans have become a hot topic in recent years. As the cost of higher education continues to rise, more and more students are taking on debt to pursue their dreams. So, in order to ensure our children don't shoulder unnecessary financial burdens, it's crucial to explore alternative strategies.
In this episode of How to Teach Your Kids About Money, Alec and Julie sit down with Robert Farrington, the founder and editor-in-chief of The College Investor, an online resource center focused on h...2023-09-2748 min
How To Teach Your Kids About Money#17: Set a Strong Financial Foundation by Hiring Your Kids (with Jamie Trull, Financial Literacy Coach & Profit Strategist)Involving your kids in your business will give them tremendous hands-on financial education that will stick with them through adulthood. It might be a bit daunting at first, but there are a lot of ways to make it enjoyable and sustainable for both you and your child. In this episode, Alec and Julie sit down with Jamie Trull, a former corporate finance professional turned entrepreneur, about teaching kids about money through employing them, the importance of financial literacy, and tips on teaching money skills at an early age. Jamie talks about her journey balancing entrepreneurial pursuits while teaching her...2023-08-241h 00
How To Teach Your Kids About Money#16: Teaching Kids Financial Literacy at Home and School (with FitMoney’s Jessica Pelletier)In this episode of the “How to Teach Your Kids About Money” podcast, Alec interviews Jessica Pelletier, the executive director of FitMoney, a nonprofit organization focused on teaching financial literacy to children. Jessica shares her personal journey and passion for early financial education, highlighting the growth of financial literacy requirements in schools.
Jessica talks about the challenges faced by educators, including time constraints and lack of familiarity with financial literacy topics, and emphasizes the need for professional development to empower teachers to effectively teach these essential skills.
Jessica also explores the role of parents and teac...2023-07-2846 min
How To Teach Your Kids About Money#15: Teaching Teens About Money: Emergency Cash & Digital Wallet EssentialsDive into a conversation about teaching children to have an emergency cash reserve in this valuable episode of the “How to Teach Your Kids About Money” podcast with hosts Alec Lindenauer and Julie Frans. From phone cases with hidden compartments to linking debit cards with Apple Pay, Alec, and Julie present practical solutions for helping kids manage their money better.
Alec is a finance veteran with 18 years under his belt, and Julie is a hands-on COR (Cents of Responsibility) mom and Chief Community Officer.
Here's what you’ll learn in this episode:
Teaching Kids Abou...2023-07-0535 min
How To Teach Your Kids About Money#14: The Psychology of Money: What You Really Need to Know to Teach Your Kids About MoneyIn our latest episode of the “How to Teach Your Kids About Money” podcast, COR founder, Alec, and COR mom and Chief Community Officer, Julie, cook up a hearty discussion on the challenging recipe of teaching kids about money, even when parents themselves are unsure.
They unpack the psychology of money, pointing out that understanding finance is different from managing behaviors around it, much like the ins and outs of the science of nutrition are different from eating healthy and teaching our kids good food habits.
Listen as Alec highly recommends The Psychology of Money by Mor...2023-06-0934 min
How To Teach Your Kids About MoneyMoney Boss Mom: Financial Literacy, Invisible Money, and Kids (with Jamie Bosse)Welcome to another episode of "How to Teach Your Kids About Money", your go-to podcast for teaching your kids about money. Today, our guest is Jamie Bosse, a financial advisor, author, and mother of four.
In this episode, we dive deep into the challenges and importance of teaching kids about money in a world where money has become almost invisible. Jamie shares her journey from being a college student contemplating becoming an elementary school teacher, to switching her major to financial planning after her parents filed for bankruptcy. This personal experience sparked her passion for financial literacy...2023-05-1851 min
How To Teach Your Kids About Money#12: Teaching Kids About Money: Why Hands-On Experience is Key - with Ashley LeBaron-BlackDr. Ashley LeBaron Black, this week’s guest, is a professor at Brigham Young University.
Her research focuses on how teaching children about money impacts their financial, relational, and mental health outcomes in emerging adulthood. One of her most powerful findings is: Kids learn more about money from their parents than from schools, media, peers, and work experience combined.
According to Ashley’s recent study, hands-on experiences with parents are the most effective method of teaching children about money, while lecturing them is the least effective.
Ashley's research found financial education can lead to be...2023-04-281h 01
How To Teach Your Kids About Money#11: Trina Sargalski's Journey with COR: A Practical Guide to Experiential Money Lessons for Kids
In this episode, Alec Lindenauer welcomes Trina Sargalski, to discuss her journey as a new money teaching COR parent, and her experience as COR’s marketing maven. Join us as they talk about Trina's parenting style, her background as a Montessori teacher, and the importance of experiential learning in teaching kids about money.
Key Points:
Trina talks about her childhood and how her family used to have conversations about money. She also shares her background as a Montessori teacher and how it has affected her parenting style.
Alec and Trina discuss the importance of han...2023-04-0541 min
How To Teach Your Kids About Money#11: Trina Sargalski's Journey with COR: A Practical Guide to Experiential Money Lessons for KidsCheck out our upcoming webinar, How Allowance Can Change Your Family's Financial Destiny Forever at http://www.centsofresponsibility.com/webinar. It may be a lofty promise, but Alec will explain how it's also true!
In this episode, Alec Lindenauer welcomes Trina Sargalski, to discuss her journey as a new money teaching COR parent, and her experience as COR’s marketing maven. Join us as they talk about Trina's parenting style, her background as a Montessori teacher, and the importance of experiential learning in teaching kids about money.
Key Points:
Trina talks about her...2023-04-0543 min
How To Teach Your Kids About Money#10: Cassidy, Cash and MoreIn this latest episode of our "How to Teach Your Kids About Money" podcast, hosts Alec and Julie talk about the evolution of Julie's teenage daughter from a spender to a savvy budgeter. Cassidy loves expensive clothes and accessories, but through consistent practice with money and monthly allowance days, she's learned the value of money and budgeting. She even makes money by selling clothes or doing extra work around the house!
They also discuss the value of cash, and how to teach kids about always having some on hand. Alec and Julie also discuss how cash can m...2023-03-1530 min
How To Teach Your Kids About Money#9 How to Teach Your Kids About DebtShakespeare is wonderful, but "neither a borrower nor a lender be" is an outdated quote in today’s world.
In episode 9 of “How to Teach Your Kids About Money,” Alec and Julie discuss how it’s essential to teach kids about borrowing and lending responsibly. They talk about the benefits of leverage and borrowing, and how it's also essential to teach kids the difference between debit and credit. But most importantly, they discuss how parents can easily teach their kids about responsible borrowing, even if they’re not experts themselves.
Some Episode #9 Key Takeaways:
* It’s imp...2023-02-2229 min
How To Teach Your Kids About Money#8: Alec Teaches Julie How To Introduce Investment Lessons To Her SonIn this eighth episode of our How to Teach Your Kids About Money podcast, Alec and Julie talk about Julie’s efforts to teach her teenage son about investing.
Some episode highlights:
Alec and Julie discuss how to introduce investing to a middle schooler.
Alec reviews goals for the Spend, Save, Invest, and Donate buckets used on allowance day, and compares how they’re both different and similar for middle vs. high school kids. For example, as a caregiver, you’re creating a platform for consistent money practice and familiarity with each bucket.
Julie talks ab...2023-02-0331 min
How To Teach Your Kids About Money#7: How A Children's Personal Finance Teacher Raises His Own Money Savvy Son, with guest Rob PhelanRob Phelan is a high school math and personal finance teacher in Maryland. He also is the co-author of a financial education curriculum, as well as the founder of The Simple Startup, which is a program for 10 to 18-year-olds to start their own businesses based on the premise that entrepreneurship is a future-proof life skill. He started on this path about five years ago when his son was born.
Here are some of the key takeaways and opportunities discussed:
👉 Some states require a half-year or full year of financial literacy education in high schoo...2023-01-1449 min
How To Teach Your Kids About Money#6: Slob Tax, Alternatives to Chore-Based Allowance, and More with COR Parent Nora EllishIn this sixth episode of our How to Teach Your Kids About Money podcast, Alec and Julie interview Cents of Responsibility (COR) parent Nora Ellish. Nora shares some of her money-learning adventures with her kids including an ingenious way she created to manage her kids’ not doing their share of household chores: A Slob Tax.
She also shares some of her lessons and wins after she took our Cents of Responsibility Course for Elementary Parents, including bringing her whole family (including her husband) on board with monthly allowance, using “real money,” and teaching her kids to allocate betwee...2022-12-1459 min
How To Teach Your Kids About Money#5: New COR Parent Robbie Singer Joins Alec & JulieIn this fifth episode of How to Teach Your Child About Money podcast, Alec and Julie interview new COR parent, Robbie Singer. Robbie shares his own story and history of money with his parents, and what made him take the allowance plunge with his children. You’ll also hear about his challenges and wins with the COR course, How to Teach Your Child About Money: The Elementary Starter, including:
“What should I do when my child wants to spend all their money on candy?”
“When should my child spend their own money instead of mine?”
“How do I teach my chil...2022-11-3042 min
How To Teach Your Kids About Money#4: Alec & Julie Answer Facebook Questions, the 5-Day Allowance Challenge and moreIn this fourth episode of our How To Teach Your Child About Money podcast, Alec Lindenauer and Julie Frans answer questions from the Cents of Responsibility Facebook community, including, “Should I base allowance on chores or grades? and “Should I wait to talk about investing until my kids are older?”
Alec and Julie also announce the 5-Day Allowance Challenge, meant to get parents considering allowance over the hump. It's a series of tasks over five days, all culminating with a monthly allowance routine.
Tune in to this episode to also hear all about Julie’s win with...2022-11-1627 min
How To Teach Your Kids About Money#3: Alec & Julie Discuss COR Parent Questions, Challenges & WinsIn this third episode of Cents of Responsibility podcast, Alec Lindenauer and Julie Frans discuss some of Julie’s challenges and wins with her own children, as she implements the COR money teaching framework in her own house.
Alec and Julie also answer questions from the Cents of Responsibility Facebook community, including “How do I put limits on my kid’s spending?”
Listen as Alec coaches Julie on her daughter’s spending, learns a thing or two about acrylic nails & fills, and helps Julie overcome the “lull” she’s having with her son’s allowance.
If you have yo...2022-11-0229 min
How To Teach Your Kids About Money#2: Introducing Julie Frans, COR's Chief Community OfficerIn the second episode of the Cents of Responsibility Podcast, Julie is introduced to the Cents of Responsibility community. Alec brings listeners in to Julie's world, as they learn about her background, where she is within her own Cents of Responsibility journey, and more.
You'll hear Julie discuss her inspiration for managing the COR parent community, and why she decided to finally take the plunge by starting to teach her children about money. Six months since starting an allowance routine, Julie will get raw with her family's progress. She'll also take us into a touching moment of gra...2022-06-1525 min
How To Teach Your Kids About Money#1: Introducing Alec Lindenauer, COR's Chief Allowance OfficerIn the very first episode of the Cents of Responsibility Podcast, Julie introduces Alec to the parent community.
You'll hear Alec discuss his inspiration for teaching his own kids about money, as well as what moved him to take that effort from his kitchen table out into the community. You'll also hear the exact moment Alec knew his strategic allowance system had struck gold. (Spoiler alert, it was when his 10-year-old was standing in the toy store with a wad of cash.)
Resources:
Sign up for the Course HERE
Sign up for the FREE 5 P...2022-06-0823 min