Teaching Children Money Basics at Mom’s Money

Sarah Zeldman of the Mom’s Money weekly podcast interviewed John Lanza, the creator of the Money Mammals DVD, about how to teach the very young children the basics of managing money.

They discussed how to teach our kids the difference between
“needing” and “wanting” something; how to have a holiday season where
the celebration and the experience of the holiday is the focal point
more so than the gifts and commercialism; and whether or not
an allowance should be tied to chores.

Since personal finance is not a required course in most high
schools, teaching our children in their younger years how to save,
share and spend their money is imperative. When you simplify the
concepts, very often these ideas become more clear to the parents who
may be in financial debt themselves.

If you have young children, I encourage you to visit Mom’s Money and check out this week’s podcast!