How To Teach Your Kids About Money

About How To Teach Your Kids About Money

How To Teach Your Kids About Money is a podcast by Cents of Responsibility that's a wonderful mix of insight from Alec Lindenauer, COR’s Chief Allowance Officer, and Julie Frans, COR’s Chief Community Officer. Together, they provide insight into how-to instructions to help parents work with their children in a practical manner, and how those methods are really being utilized by parents. It’s a place where they discuss how much allowance to give your kids, when to start allowance, how to have beginner investing conversations, lemonade stands, financial literacy, and much more. All of this comes from a core belief that you, the parent or caregiver, is the single best person to teach your child about money. Only you can provide the regular practice a child needs to truly become money savvy. We know this is a difficult ask for some parents. That’s why we’re here to help! Subscribe today!

Publisher

Alec Lindenauer & Julie Frans

Category

education · kids & family · kids & family

Language

en

Explicit

No

First episode

8 Jun 2022

Latest episode

27 Sept 2023

Latest episodes

18 episodes in the feed.

1. 

   27 Sept 2023

   #18: Financial Wisdom from The College Investor: Robert Farrington on Student Loans & Kids' Money

   Financial 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 helping people manage student loan debt, increase their income, and start investing. Listen as Robert recounts his early fascination with earning money and navigating the labyrinth of student loans post-college. Robert introduces the concept of Net Present Value (NPV), emphasizing its importance in making informed decisions about college expenses. Robert shares his passion for educating young kids about finances, suggesting that conversations about money should begin as early as kindergarten. He describes his monthly meetings with his own children to discuss investments and financial habits, highlighting the importance of transparency. Robert discusses various tools and resources for teaching kids about money, stressing the significance of budgeting and planning ahead. He discusses online tools like Greenlight for unbanked individuals, as Alec reviews components of the How to Teach Your Kids About Money K-7 Starter Kit, a video-based course available on centsofresponsibility.com, which helps parents teach their children about money management habits. Robert shares insights on scholarships, grants, and the affordability of community college. He advises parents to have open discussions with their children about the cost of college and managing expectations. Julie and Alec also talk about their experiences teaching their kids about money, including the challenges they've faced with digital tools like Apple Pay and Venmo. They stress the need to choose financial tools that suit each child's preferences. Don't miss this episode as Robert Farrington shares invaluable insights on teaching kids about money and character, helping you raise financially responsible and ethically sound children. KEY POINTS: Robert's journey into personal finance and his mission to help people overcome student loan debt The importance of starting college-related conversations early in a child's life Scholarships and grants as a way to fund college education Choosing the right financial tools and apps for teaching kids about money The benefits of having a checking account for children The challenges of using certain payment apps and their limitations Encouraging responsible spending and budgeting habits in children The significance of letting children experience financial consequences, such as declined transactions Robert's preference for using traditional bank accounts for teaching kids about money Troubleshooting issues with Apple Pay and the role of banks in such cases Don't forget to rate, review, and subscribe to the How To Teach Your Kids About Money Podcast, by your friends at Cents of Responsibility. Please let us know if you enjoyed this episode or have any suggestions for future episodes. We'd love to hear from you! In the meantime, teach cents-ibly! Relevant Links: The College Investor (https://thecollegeinvestor.com/) How To Teach Your Kids About Money: K-7 Starter Kit (https://www.centsofresponsibility.com/CORCourse1) ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer, Financial Planner and Certified Financial Education Instructor℠ - Julie Frans, COR’s Chief Community Officer - Robert Farrington, Millennial Money Expert & Founder of The College Investor ======================= Guest Bio: Robert Farrington is America's Millennial Money Expert® and America's Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. ======================= Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep18 (https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep18) 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep18 (https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep18) 💰Cents of Responsibility YouTube Channel: https://www.youtube.com/@centsofresponsibility (https://www.youtube.com/@centsofresponsibility) If you’ve thought about taking a complete, comprehensive course to teach your kids all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep18 (https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep18) Also, follow us at these places below and say hi! 💵 Website: www.centsofresponsibility.com (https://www.centsofresponsibility.com/?utm_source=podcaste&utm_medium=organic&utm_campaign=shownotes) 💵 Instagram: @centsofresponsibility (https://www.instagram.com/centsofresponsibility) 💵 Facebook: www.facebook.com/CentsOfResponsibility (https://www.facebook.com/CentsOfResponsibility) 💵 TikTok: @centsofresponsibility (https://www.tiktok.com/@centsofresponsibility) 💵 YouTube: https://www.youtube.com/@centsofresponsibility (https://www.youtube.com/@centsofresponsibility) ======================= The content in this episode is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein constitutes a solicitation, recommendation, endorsement, or offer by Cents of Responsibility, its representatives, or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

2. 

   24 Aug 2023

   #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 children the value of work, delayed gratification, and responsible money habits. Jamie also shares her experiences teaching her children about debt, credit cards, and making financial decisions. You’ll also hear all about Jamie’s "Hiring Your Kids Toolkit" which provides a step-by-step guide for business owners to legally employ their children, introducing them to work and money management. The toolkit not only gives parents a guide in employing their kids, but it also serves as a platform to teach children crucial financial skills that will last a lifetime. Listen to this episode as we explore the nuances of how Alec, Julie and Jamie teach their kids about money, the joys and challenges of involving kids in the family business, and the empowering impact of early financial education. KEY POINTS: Jamie Trull's background and her role in helping entrepreneurs with financial literacy Overview of the "Hiring Your Kids Toolkit (https://sales.jamietrull.com/hiring-your-kids?affiliate=centsofresponsibility)" and its benefits for business owners and children Employing children in the family businesses, issues to know, and the benefits The four buckets approach for children's money management: Spend, Save, Invest, Donate The benefits of kids having ownership over their own money at a young age, so they can start to save and invest early Teaching kids delayed gratification, compound interest, and practical financial skills Teaching kids about debt, interest, and preparing them for financial situations Using tools and resources to teach financial concepts The need to equip kids to navigate financial decisions The value of taking action and starting small Don't forget to rate, review, and subscribe to the How To Teach Your Kids About Money Podcast, by your friends at Cents of Responsibility. Please let us know if you enjoyed this episode or have any suggestions for future episodes. We'd love to hear from you! In the meantime, teach cents-ibly! Relevant Links: Hiring Your Kids Toolkit - https://sales.jamietrull.com/hiring-your-kids?affiliate=centsofresponsibility ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer, Financial Planner and Certified Financial Education Instructor℠ - Julie Frans, COR’s Chief Community Officer - Jamie Trull, Financial Literacy Coach and Profit Strategist ======================= Guest Bio: Jamie Trull is a financial literacy coach and profit strategist who focuses on helping small business owners understand finance and make profitable decisions. Before that, she also worked in corporate finance for many years. She’s also a mom of two kids. Jamie usually focuses on teaching entrepreneurs, but this summer she’s shifted her focus to teaching parents about how to hire their own kids. ======================= Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep17 (https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep17) 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep17 (https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep17) 💰Cents of Responsibility YouTube Channel: https://www.youtube.com/@centsofresponsibility (https://www.youtube.com/@centsofresponsibility) If you’ve thought about taking a complete, comprehensive course to teach your kids all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep17 (https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep17) Also, follow us at these places below and say hi! 💵 Website: www.centsofresponsibility.com (http://www.centsofresponsibility.com) 💵 Instagram: @centsofresponsibility (https://www.instagram.com/centsofresponsibility/) 💵 Facebook: www.facebook.com/CentsOfResponsibility (http://www.facebook.com/CentsOfResponsibility) 💵 TikTok: @centsofresponsibility (https://www.tiktok.com/@centsofresponsibility) 💵 YouTube: https://www.youtube.com/@centsofresponsibility (https://www.youtube.com/@centsofresponsibility) ======================= The content in this episode is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein constitutes a solicitation, recommendation, endorsement, or offer by Cents of Responsibility, its representatives, or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

3. 

   27 Jul 2023

   #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 teachers in promoting financial literacy, that financial education should be taught both at home and in the classroom, ensuring equitable access to knowledge. Jessica discusses the significance of earning money and teaching children about charitable giving and making difficult financial decisions. Let’s start empowering children with essential financial skills today! KEY POINTS: Importance of teaching financial literacy from kindergarten Challenges faced by educators in teaching financial literacy Experiential learning and parental modeling as effective methods FitMoney's Super Squad game for engaging children Jessica’s experience with her children's money behaviors Don't forget to rate, review, and subscribe to "Cents of Responsibility". Please let us know if you enjoyed this episode or have any suggestions for future episodes. We'd love to hear from you! In the meantime, teach cents-ibly! Relevant Links: FitMoney: www.fitmoney.org (https://www.fitmoney.org/board-staff#:~:text=Jessica%20Pelletier&text=Pelletier%20brings%20extensive%20non%2Dprofit,profit%2C%20private%20and%20political%20organizations.) $uperSquad: https://supersquad.fitmoney.org/ (https://supersquad.fitmoney.org/) ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer, Financial Planner and Certified Financial Education Instructor℠ - Jessica Pelletier, Executive Director of FitMoney ======================= Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=organic&utm_campaign=ep16 (https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=organic&utm_campaign=ep16) 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=organic&utm_campaign=ep16 (https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=organic&utm_campaign=ep16) 💰Cents of Responsibility YouTube Channel: @centsofresponsibility (https://www.youtube.com/@centsofresponsibility) If you’ve thought about taking a complete, comprehensive course to teach your kids all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=organic&utm_campaign=ep16 (https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=organic&utm_campaign=ep16) Also, follow us at these places below and say hi! 💵 Website: www.centsofresponsibility.com (https://www.centsofresponsibility.com/?utm_source=podcaste&utm_medium=organic&utm_campaign=shownotes) 💵 Instagram: @centsofresponsibility (https://www.instagram.com/centsofresponsibility) 💵 Facebook: www.facebook.com/CentsOfResponsibility (https://www.facebook.com/CentsOfResponsibility) 💵 TikTok: @centsofresponsibility (https://www.tiktok.com/@centsofresponsibility) 💵 YouTube: @centsofresponsibility (https://www.youtube.com/@centsofresponsibility)

4. 

   5 Jul 2023

   #15: Teaching Teens About Money: Emergency Cash & Digital Wallet Essentials

   Dive 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 About the Value of Money - Real-Life Examples: Discover how Alec and Julie teach their children about money's value. Through relatable everyday instances, they illuminate for their kids the value of a dollar. They also show how they set up an emergency cash fund with their respective kids, how they presented it to them, and how much money they started with. Responsibility and Consequences: Learn from Alec and Julie’s personal experiences where they've introduced the concept of 'actions have consequences' to their kids. Kids begin to understand the importance of financial responsibility from experiencing the discomfort or embarrassment of insufficient funds, Cash vs. Digital Wallet: Alec and Julie tackle the how-to of transitioning to digital payments for older kids while keeping the real-world value of money intact. Friends and Money Management - Helping Your Child Navigate Financial Differences: They also explore the challenges kids face when their peers have differing financial habits or access to money. Gain insights on guiding your child through these situations while maintaining their own money strategies and rules. Join us for an episode loaded with insightful stories, practical tips, and real-life lessons, making the complex topic of financial education accessible and relatable. Don't forget to rate, review, and subscribe to our podcast on Apple, Google, Spotify or YouTube. Your feedback is much appreciated! In the meantime, teach cents-ibly! ======================= Related Links Blog Post: Let Your Kids Go Broke - https://www.centsofresponsibility.com/blog/let-your-kids-go-broke (https://www.centsofresponsibility.com/blog/let-your-kids-go-broke) In this episode: Alec, Cents of Responsibility founder with 18 years in finance Julie, COR mom and Chief Community Officer ======================= Want more resources to teach your child about money? Check ‘em out here: 💰"Cents of Responsibility" Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=ep15&utm_campaign=ep_release (https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=ep15&utm_campaign=ep_release) 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=ep15&utm_campaign=ep_release (https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=ep15&utm_campaign=ep_release) 💰Cents of Responsibility YouTube Channel: @CentsOfResponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) For a comprehensive course to teach your kids all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=ep15&utm_campaign=ep_release (https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=ep15&utm_campaign=ep_release) Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com/ 💵 Instagram: https://www.instagram.com/centsofresponsibility/ 💵 Facebook: https://www.facebook.com/CentsOfResponsibility 💵 YouTube: @CentsOfResponsibility

5. 

   8 Jun 2023

   #14: The Psychology of Money: What You Really Need to Know to Teach Your Kids About Money

   In 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 Morgan Housel, which is a big deal, since this is the first time Alec has fully recommended a book with this kind of fervor over his 18-year career in finance. It’s a book Alec and Julie believe can truly change your view on finance. A key point they highlight from the book is that money skills are behavior skills. Being good with money doesn’t require knowledge of complex financial topics. It requires certain behaviors. And while Housel asserts it’s really tough to teach behavior to adults … You know who it’s really easy to teach behavior to? Kids! Ever tried to teach a kid to make a salad? Julie also shares about a "junk food feast" at her daughter's school, where Julie turned a fun activity into a budgeting lesson for Cassidy. With Cassidy in charge of choosing what to buy within the set budget, she was able to learn about pricing, and make strategic choices. Alec and Julie believe in money talks as an integrated part of family life, not a dreaded chore. They affirm that these money manners can indeed be learned, even if it takes a bit of trial and error, likening it to developing healthy eating habits. Join us for this enlightening chat, learn some actionable tips on how to teach your kids about money, and let's help our kids grow into financially savvy adults! Don't forget to rate, review, and subscribe to "Cents of Responsibility". Please let us know if you enjoyed this episode or have any suggestions for future episodes. We'd love to hear from you! In the meantime, teach cents-ibly! ======================= Relevant Links: The Psychology of Money (https://www.amazon.com/gp/product/0857197681/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=collfund-20&creative=9325&linkCode=as2&creativeASIN=0857197681&linkId=d46064f5f74177dac8d665e90383b12e) YNAB (https://www.ynab.com/) (You Need a Budget) ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer, Financial Planner and Certified Financial Education Instructor℠ - Julie Frans, COR Chief Community Officer, and COR Mom ======================= Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=organic&utm_campaign=ep14 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=organic&utm_campaign=ep14 💰Cents of Responsibility YouTube Channel: @centsofresponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) If you’ve thought about taking a complete, comprehensive course to teach your kids all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=organic&utm_campaign=ep14 Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com/?utm_source=podcaste&utm_medium=organic&utm_campaign=shownotes 💵 Instagram: https://www.instagram.com/centsofresponsibility/ 💵 Facebook: https://www.facebook.com/CentsOfResponsibility 💵 TikTok: https://www.tiktok.com/@centsofresponsibility 💵 YouTube: @centsofresponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ)

6. 

   18 May 2023

   #13: Money 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 and led to her mission to help people improve their lives through better financial understanding. Jamie also shares her insights on parenting and managing finances with her children. With four children ranging from 5 to 10 years old, she's seen firsthand how different kids can be when it comes to money, from the strategic saver to the impulsive buyer. She explains her approach to teaching her children about money and the importance of letting them make mistakes when the stakes are lower. We also discuss her book, "Money Boss Mom," and the children's book series, Milton, the Money Savvy Pup, both of which aim to promote financial literacy in an engaging and relatable way. Key Points: * The importance of teaching kids about money and financial literacy. * Jamie's personal journey and her passion for financial planning. * The challenges of teaching kids about money when it's invisible. * The significance of letting kids make financial mistakes. * Jamie encourages her children to find jobs outside the home during the summer to understand accountability and working for someone else. * Julie's daughter Cassidy had a profitable beading business, but now struggles with understanding the value of smaller amounts of money because she is used to handling larger numbers. * Jamie shares that their chore chart has evolved; her older kids are on a kind of "salary system" where they have daily tasks to complete before they can do anything fun. The children get paid weekly; the older ones get around $5, and the younger ones receive $3. The children have 'give, save, spend' jars and decide for themselves how to allocate their money. * Julie and Jamie are the primary drivers of financial education in their households, with supportive spouses. * Alec uses a system of "seed capital" as part of the Cents of Responsibility monthly allowance day to teach his kids about compounding interest, which he plans to eventually transition into an investment account. * Jamie's book, "Money Boss Mom," and her children's book series, "Milton, the Money Savvy Pup" Don't forget to rate, review, and subscribe to "Cents of Responsibility". If you enjoyed this episode or have any suggestions for future episodes, please let us know. We'd love to hear from you! In the meantime, teach cents-ibly! ======================= Relevant Links: Jamie Bosse's books: Money Boss Mom and Milton, the Money Savvy Pup: https://www.moneybossmom.com/buy-books Cents of Responsibility Parent Resources Page: ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer, Financial Advisor and Certified Financial Education Instructor℠ - Julie Frans, COR Chief Community Officer, and COR Mom -Jamie Bosse, Financial Planner, author, and mother of four ======================= Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=youtube&utm_medium=organic&utm_campaign=ep11 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=youtube&utm_medium=organic&utm_campaign=ep11 💰Cents of Responsibility YouTube Channel: @centsofresponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) If you’ve thought about taking a complete, comprehensive course to teach your kids all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1?utm_source=youtube&utm_medium=organic&utm_campaign=ep11 Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com/?utm_source=youtube&utm_medium=organic&utm_campaign=shownotes 💵 Instagram: https://www.instagram.com/centsofresponsibility/ 💵 Facebook: https://www.facebook.com/CentsOfResponsibility 💵 TikTok: https://www.tiktok.com/@centsofresponsibility 💵 YouTube: @centsofresponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ)

7. 

   28 Apr 2023

   #12: Teaching Kids About Money: Why Hands-On Experience is Key - with Ashley LeBaron-Black

   Dr. 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 better mental health and relationships. We talk about how families benefit immensely in a variety of ways when parents intentionally teach their kids about money using experiential lessons, perhaps with allowance, so kids can practice managing their own money. There's no one-size-fits-all approach to teaching kids about money, being open and honest about finances is key, and allowing for first-hand experience is as well. Key points: - Hands-on experiences with parents are the most effective method of teaching children about money while lecturing them is the least effective. - Financial education can lead to better mental health and relationships. - Children whose parents provided a good financial example tend to manage their own money better later in life, but at the same time, hope is not lost if they do not. - Parents can involve their kids in family financial decisions, and even keep kids informed about financial challenges and how they plan to deal with them. - Parents shouldn't let their own lack of financial knowledge stand in the way of teaching about money.. They don’t need to be perfect in managing their finances to teach their kids important financial lessons, they just need some strategy and effort. ======================= Mentioned in This Episode: Ashley LeBaron-Black: lebaron-black.com (http://lebaron-black.com/) Cents of Responsibility Blog: Following the Science to Teach Our Kids About Money - https://www.centsofresponsibility.com/blog/followingthescience?utm_source=podcast&utm_medium=cor&utm_campaign=ep12 (https://www.centsofresponsibility.com/blog/followingthescience?utm_source=podcast&utm_medium=cor&utm_campaign=ep12) Cents of Responsibility - How to Teach Your Kids About Money Starter Course - https://www.centsofresponsibility.com/start?utm_source=podcast&utm_medium=cor&utm_campaign=ep12 ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer and Financial Advisor - Ashley LeBaron-Black, Family Studies Professor at Brigham Young University ======================= Want more resources to teach your child about money? Check ‘em out here: 💰Parent Resources: https://www.centsofresponsibility.com/resources?utm_source=podcast&utm_medium=cor&utm_campaign=ep12 (https://www.centsofresponsibility.com/resources?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep12) 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=cor&utm_campaign=ep12 Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com/?utm_source=youtube&utm_medium=organic&utm_campaign=shownotes 💵 Instagram: https://www.instagram.com/centsofresponsibility/ 💵 Facebook: https://www.facebook.com/CentsOfResponsibility 💵 TikTok: https://www.tiktok.com/@centsofresponsibility 💵 YouTube: @centsofresponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) 💰If you want to know more about Alec and the rest of the team, check us out here: https://www.centsofresponsibility.com/about In the meantime, teach cents-ibly!

8. 

   5 Apr 2023

   #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 hands-on experiential learning in teaching kids about money. They share examples of how they have incorporated this approach in their own parenting. Trina shares how she started talking to her daughter about money, and how she has been introducing different concepts like saving, budgeting, and investing. Alec and Trina discuss the challenges of talking to kids about money, and how to make it a positive and productive experience. They also talk about the role of parents in modeling good financial habits. Trina acknowledges the positive impact her parents' advice had on her financial habits and how it has helped her be better off than many Americans. However, she wonders if she could have adhered better to their advice, and if the missing piece was experiential learning at a younger age. Alec and Trina discuss how experiential learning is the most impactful and what works over the years and decades. They also mention that mistakes made when young are not as high-consequence as those made when one is on their own, making it easier to be less mindful about money when one is younger. Trina has noticed that being more financially responsible is now more on her mind, and she feels like this program has made her even more strategic with her money. She is also thinking about the power her daughter now has at her age and the cool gift of financial independence she can give her daughter through this program. Alec and Trina discuss how children will only ask for as much information as they need, and parents should not be intimidated by their questions. They suggest parents should provide simple, honest answers to their children's questions about money and let the conversation develop from there. Trina mentions that her daughter sometimes resists the routine and wants to skip through the lesson fast, especially if it is done on weekends. Listen to how Alec advises how to handle this common challenge. They discuss Trina's point that teaching her daughter about money also involves self-reflection, which can be hard for some. She had to look at her money mindset and see where she could do better, which can be challenging but beneficial. Teaching kids about money is an important part of parenting, and it requires a thoughtful and intentional approach. By incorporating hands-on experiential learning and modeling good financial habits, parents can help their kids develop a healthy relationship with money that will serve them well throughout their lives. ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer and Financial Advisor - Trina Sargalski, COR's Marketing Maven, and new COR Parent ======================= Want more resources to teach your child about money? Check ‘em out here: 💰COR Parent Resources: https://www.centsofresponsibility.com/resources (https://www.centsofresponsibility.com/resources) 💰How To Teach Your Kids About Money Blog: https://www.centsofresponsibility.com/blog (https://www.centsofresponsibility.com/blog)

9. 

   15 Mar 2023

   #10: Cassidy, Cash and More

   In 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 make money transactions more tangible and concrete for kids, rather than them always using electronic payments. Some parents might be new to the idea that debit cards and other forms of e-payment should be eased in slowly after their children have had lots of practice with cash. Some key takeaways: * Julie has seen their teenage Cassidy become more disciplined about her spending habits, which has led to less conflict. * Although Cassidy likes to buy expensive, trendy clothes, she now understands the value of a dollar in terms of how many hours she needs to work to earn the money she'd like to supplement her allowance with. * Cassidy no longer spends her money regularly at Starbucks, now that it's coming out of her own pocket. * Both Julie and Alec are excited to see their children become more interested in investments and donations, and they feel that their children are becoming more money savvy as a result. * Their kids' interest in investments has led to interesting conversations about sustainability credits and carbon emissions between them and their friends. * It's also sparking conversations around money between the parents and their kids, which Julie didn't experience growing up. Money was a taboo topic for kids in her family. * For Julie, this whole experience feels like a mix of parenting and money education, since she is learning along with her kids. * Paying with cash or credit cards creates an opportunity for parents to have a conversation about money with their kids. * Conversations about the cost of meals and restaurants can help teach children about the value of money, as in the case of Alec using Apple Pay at a pizza place recently. * People tend to overspend on takeout because they do not think about the cost. The actual transaction of money creates more awareness of the spend. * Having cash is still important, as some places may only accept cash. * Cash is an incredible tool to use with kids because it’s tangible and concrete. * It is important to teach kids the value of coins, since they can add up! * The transition to using a debit card should be gradual, with parents still doling out cash during allowance and adding a debit card to the process. * Teaching kids about budgeting and saving can be done by setting goals, creating a budget, and through the monthly allowance day practice (a.k.a. COR Day). * Alec and Julie are watching their children become more money savvy in real time, and they're excited to see where this will lead. With patience and consistent practice, our kids can become financially responsible adults. Remember, you really are the best person to teach your kids about money! ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer and Financial Advisor - Julie Frans, COR's Chief Community Officer ======================= Want more resources to teach your child about money? Check ‘em out here: 💰Want some help kickstarting your allowance routine? Take the Allowance Day Challenge: https://www.centsofresponsibility.com/allowancechallengepre?utm_source=podcast&utm_medium=organic&utm_campaign=ep10 (https://www.centsofresponsibility.com/allowancechallengepre?utm_source=podcast&utm_medium=organic&utm_campaign=ep10) 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=organic&utm_campaign=ep10 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=organic&utm_campaign=ep10 💰Cents of Responsibility YouTube Channel: https://www.youtube.com/@centsofresponsibility Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com/?utm_source=podcast&utm_medium=organic&utm_campaign=ep10 💵 Instagram: https://www.instagram.com/centsofresponsibility/ 💵 Facebook: https://www.facebook.com/CentsOfResponsibility 💵 TikTok: https://www.tiktok.com/@centsofresponsibility 💵 YouTube: https://www.youtube.com/@centsofresponsibility If you want to learn more about Alec and the rest of the team, check us out here: https://www.centsofresponsibility.com/about (https://www.centsofresponsibility.com/about)

10. 

    22 Feb 2023

    #9 How to Teach Your Kids About Debt

    Shakespeare 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 important to teach kids about borrowing and lending in a responsible manner and to differentiate between what is okay to borrow and what is not. * Teaching kids about borrowing and lending can start from a young age, and should include familiarizing them with the process, including penalties and repayment. * Using credit cards responsibly can have benefits, such as booking flights using miles, but it is important to teach kids about not overspending and about paying off debts. * The Cents of Responsibility "credit bill,” which is part of the Elementary Starter Course, can be a useful tool in teaching kids about borrowing and lending, but it is important to use it in a controlled environment (i.e. your family) to avoid negative consequences. More on the Cents of Responsibility Credit Bill System: Young kids don't usually carry around their cash and often need to borrow cash from parents to spend their allowance money. When they get home from making a purchase using their parents’ money, kids write on the fridge how much they owe, so they can pay it back on Allowance Day. There is a penalty if kids don't pay back on time, which encourages them to be responsible with their finances. Consistency is crucial in the Cents of Responsibility Credit Bill system, as it fosters better relationships and avoids fights about money. Siblings can also practice using money with each other. For example, Julie’s kids, John and Cassidy, do not borrow from each other but pay each other with money for small favors. Alec’s daughters lent one another $30 in exchange for a $5 fee instead of borrowing from their father and paying a $10 penalty. Alec and Julie share personal stories of family members who had to navigate debt and how they want to help their own kids avoid that situation. They discuss the Cents of Responsibility Elementary Starter Course, which provides step-by-step instructions and resources to teach kids financial responsibility. They also encourage parents to use the program and share it with others to help spread financial literacy. Join us at COR as we explore teaching our kids about money and creating a platform for financial practice and familiarity for your kids. ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer and Financial Advisor - Julie Frans, COR's Chief Community Officer ======================= Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast?utm_source=podcast&utm_medium=organic&utm_campaign=ep9 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog?utm_source=podcast&utm_medium=organic&utm_campaign=ep9 💰Cents of Responsibility YouTube Channel: https://www.youtube.com/@centsofresponsibility If you’ve thought about taking a complete, comprehensive course to learn everything you need to know about starting your kid with allowance, and then using it to teach them all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1?utm_source=podcast&utm_medium=organic&utm_campaign=ep9 Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com 💵 Instagram: https://www.instagram.com/centsofresponsibility/ 💵 Facebook: https://www.facebook.com/CentsOfResponsibility 💵 TikTok: https://www.tiktok.com/@centsofresponsibility 💵 YouTube: https://www.youtube.com/@centsofresponsibility If you want to know more about Alec and the rest of the team, check us out here: https://www.centsofresponsibility.com/about In the meantime, teach cents-ibly!

11. 

    2 Feb 2023

    #8: Alec Teaches Julie How To Introduce Investment Lessons To Her Son

    In 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 about the real-life practice her son has had recently with stocks. Alec offers thoughts on the state of investment literacy as he’s seen it over the years. Unfortunately, too many people look at investing as a foreign concept. Many aren’t even interested in taking part in an investment conversation. That’s not what anybody really wants for their kids. We want our kids to be informed, good decision-makers, and understand what's happening with their money Stock market games in school and stock market apps are there to excite kids into learning about the investment world. That’s all well and good, but the games are set up as a competition, and as with all competitions, the goal is to win. And to win quickly. But making fast money isn’t what investing is about. Investing is about compounding interest over time … money building on top of money. That takes time. The key lessons parents should be teaching their kids about investing aren’t complicated. They’re about asking the right questions and having patience and a slow-and-steady approach. ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer and Financial Advisor - Julie Frans, COR's Chief Community Officer ======================= Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com/podcast (https://www.centsofresponsibility.com/podcast?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog (https://www.centsofresponsibility.com/blog?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) 💰Cents of Responsibility YouTube Channel: @centsofresponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) If you’ve thought about taking a complete, comprehensive course to learn everything you need to know about starting your kid with allowance, and then using it to teach them all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1 (https://www.centsofresponsibility.com/CORCourse1?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) And if you’re a parent who needs a kick in the pants to start your kid on allowance, you might want to check out our 5-Day Allowance Challenge here: https://www.centsofresponsibility.com/allowancechallengepre Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com (https://www.centsofresponsibility.com?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) 💵 Instagram: https://www.instagram.com/centsofresponsibility (https://www.instagram.com/centsofresponsibility?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) 💵 Facebook: https://www.facebook.com/CentsOfResponsibility (https://www.facebook.com/CentsOfResponsibility?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) 💵 TikTok: https://www.tiktok.com/@centsofresponsibility (https://www.tiktok.com/@centsofresponsibility?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) 💵 YouTube: @centsofresponsibility (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ?utm_source=kajabi&utm_medium=organic&utm_campaign=podcast8) If you want to know more about Alec and the rest of the team, check us out here: https://www.centsofresponsibility.com/about (https://www.centsofresponsibility.com/about) In the meantime, teach cents-ibly! Important Disclaimer This video and text Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in our Content constitutes a solicitation, recommendation, endorsement, or offer by Cents of Responsibility, its representatives, or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, commodities, currencies, and money market funds involves risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

12. 

    14 Jan 2023

    #7: How A Children's Personal Finance Teacher Raises His Own Money Savvy Son, with guest Rob Phelan

    Rob 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 school. 👉 That’s better than nothing but it’s much better to start financial education with our kids much earlier, and Rob started to do that with his son. 👉 A lot of our money habits are set between the ages of 7-9, Rob says, so it’s important to start teaching kids when they are most receptive to these lessons. 👉 It’s possible to start even earlier, as Rob did with his three-year-old son. They read the book Rob authored, M is for Money, and are starting an allowance program so his son can practice spending his own money. Rob breaks down how he’s doing allowance with his son. 👉 “We want to now start putting the money in his hands and let him start deciding what he wants to buy. So he can't have everything, but he can have something and he has to start making decisions about those things now,” Rob says. 👉 Some of the reasons parents don’t have a handle on how to talk with their kids about money is that they were never taught financial literacy and so they feel insecure about that. It was also a taboo topic in many families. 👉 Rob wants his child to have opportunities he missed, such as the power of compound interest over time: “I remember at one point in my childhood asking my dad about stocks. I heard about it somewhere. I was maybe eight or nine years old. And I asked him about it. I was like, ‘What is it? How does it work? Can I do this too?’ And he didn't know how to answer it. He didn't know at that time how to get a child involved in investing. And because that conversation dropped, I didn't start investing for probably another nearly 20 years, which is so sad when you think about compound interest and what could have been.” 👉 Time is your most valuable asset when it comes to building wealth and also protecting yourself from making those bad mistakes that are very costly. 👉 Rob recommends the book Raising Your Money-Savvy Family For Next Generation Financial Independence by Carol Pittner and Doug Nordman 👉 Rob is also 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. —------------ Want to learn more? Join us for a free Online Live Class: How Allowance Can Change Your Family’s Financial Destiny Forever Limited Dates Available: https://www.centsofresponsibility.com/webinar-registration-page?utm_source=podcast&utm_medium=shownotes&utm_campaign=episode7 (https://www.centsofresponsibility.com/webinar-registration-page?utm_source=podcast&utm_medium=shownotes&utm_campaign=episode7) (https://www.centsofresponsibility.com/webinar-registration-page?utm_source=podcast&utm_medium=shownotes&utm_campaign=episode7) ______________________ In this episode: - Alec Lindenauer, COR's Chief Allowance Officer and Financial Planner - Julie Frans, COR's Chief Community Officer - Rob Phelan, Personal Finance Teacher ______________________ ----------------------------------------------------------------------------------------------------------------------------------------------- Guest Bio: Rob 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. https://thesimplestartup.com/ He also wrote a kid's book called M is for Money. https://www.misformoneybook.com/ ----------------------------------------------------------------------------------------------------------------------------------------------- Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Podcast: https://www.centsofresponsibility.com (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbUJBMU5JY2NadXRCZFhHRDQtSGdnOXRXWFpPd3xBQ3Jtc0ttOGNZV2hraTF2Q1MzM0FXc3pneEpOSTZkZ2xLNXVUNXU4aGtFYjJnMms0UV81aHZzd3hreEtPT2ZDNnp2d1FZMTd4WmM4aXVIeFRYN1J4VHNYbW9rSlVzeWw3bHVzczhhNnN1Y2hzbENGV3JMZllmaw&q=https%3A%2F%2Fwww.centsofresponsibility.com%2Fpodcast&v=9NHyqFgKHrs) https://www.centsofresponsibility.com/podcast?utm_source=youtube&utm_medium=organic&utm_campaign=cor 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com. (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqblhTLXVXXzVwaXNNOGJQNUc0LXJUaXlTNzhMQXxBQ3Jtc0trTEJrZlhSSjVwcjBRU01JcjJUQThjR0c0Unp0RXk5dUpPc3UwcXZrSWNwUGxsYkJkemtNYnZVY01sNWdOeG1mWURRZW1EOEZ6TDJDdWpDLTRhWl9RMklwNDUyLVVWbmxlaW9sZ0Q0RktGRUswLWxGYw&q=https%3A%2F%2Fwww.centsofresponsibility.com%2Fblog&v=9NHyqFgKHrs) https://www.centsofresponsibility.com/blog?utm_source=youtube&utm_medium=organic&utm_campaign=cor.. (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqblhTLXVXXzVwaXNNOGJQNUc0LXJUaXlTNzhMQXxBQ3Jtc0trTEJrZlhSSjVwcjBRU01JcjJUQThjR0c0Unp0RXk5dUpPc3UwcXZrSWNwUGxsYkJkemtNYnZVY01sNWdOeG1mWURRZW1EOEZ6TDJDdWpDLTRhWl9RMklwNDUyLVVWbmxlaW9sZ0Q0RktGRUswLWxGYw&q=https%3A%2F%2Fwww.centsofresponsibility.com%2Fblog&v=9NHyqFgKHrs) 💰Cents of Responsibility YouTube Channel: https://www.youtube.com/channel/UCj_u... (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) If you’ve thought about taking a complete, comprehensive course to learn everything you need to know about starting your kid with allowance, and then using it to teach them all about money, check out our flagship course here:https://www.centsofresponsibility.com/CORCourse1?utm_source=youtube&utm_medium=organic&utm_campaign=cor (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbklTMlZocVhxVDdqSkZBRGh6NFVNbnVZT1hvZ3xBQ3Jtc0ttSlN1UWg1YzRZcS1UN0FsM2trWnlSUElZeTZlTk9JbFBSN1JlLS1PNDJVUzNfckZCN29yUkdwQ3ZNT1JRNEE3RkpsSVZUNXFHN1hEQ3V2RWxmT3g2WFo0SnVMZTV0TEhZRkVrdTBIWUZ0eUZSLW9lWQ&q=https%3A%2F%2Fwww.centsofresponsibility.com%2FCORCourse1&v=9NHyqFgKHrs) And if you’re a parent who needs a kick in the pants to start your kid on allowance, you might want to check out our 5-Day Allowance Challenge here: https://www.centsofresponsibility.com... (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHo3NjBjaWFJRWNHN2FKaUV0Ukk0VjRwb3I0Z3xBQ3Jtc0ttdF85VzNfZGw5Rm9MMHo1NEhISGVxcWVVWUJvZUlnZlpfTTBaUzB6c3ZPZnJDaHpUWGtSWVlUVy02Y202amh1bkdVbEhkZVNDa1NscEpjUWxaUEZ3UURKLTZWbnNneWhnTFRPTy1EQ0VqaDRvcEVvOA&q=https%3A%2F%2Fwww.centsofresponsibility.com%2Fallowancechallengepre&v=9NHyqFgKHrs) https://www.centsofresponsibility.com/allowancechallengepre?utm_source=youtube&utm_medium=organic&utm_campaign=cor Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com/ (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbEhwNzR0T1FRY3hQN1FKLThCVkFwNDVzLU9jQXxBQ3Jtc0trQVRyUUJYY09ISjN1M2hVMFJhY3ZKVDZEbWhwVUJieGdnMlk4M2RaZExBZldRSzNWbzRMRENwYUhLaGhvbDFqYWxCNkM0RXFwa3dtLUgxdXVVVnFBS0x4N0VFMno5Wmpoa3AzNnFPSms3cGhmZFNnUQ&q=https%3A%2F%2Fwww.centsofresponsibility.com%2F&v=9NHyqFgKHrs) 💵 Instagram: https://www.instagram.com/centsofresp... 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(https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) If you want to know more about Alec and the rest of the team, check us out here: https://www.centsofresponsibility.com... (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbFBiN25haDNRQU45cW13cjY5TFZydmpYaVdxd3xBQ3Jtc0tuR1NfTkVYRHh0b2V2ODJKajRBTzlGc1phRmFveHpvMEF3MnVocWdMMzRFTkZrZGZUT25xcmlFeGw4QTJaME1pb2xkM0tLbTYyLW5VWTQ1SWx1M1pWRlVWaHRMcFJNS0JiN3Q0YUZySnpER1A3Q3hjaw&q=https%3A%2F%2Fwww.centsofresponsibility.com%2Fabout&v=9NHyqFgKHrs) In the meantime, teach cents-ibly!

13. 

    14 Dec 2022

    #6: Slob Tax, Alternatives to Chore-Based Allowance, and More with COR Parent Nora Ellish

    In 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 between Spend, Save, Invest and Donate. One big win was realizing that as soon as they had to spend their own money on wants like a Kendra Scott diamond necklace (these go for $65 and up), collectible cards, or apparently everything in Home Goods for a bedroom makeover, Nora’s kids decided they didn’t want those things so badly anymore. There were definitely some emotions like disappointment, envy of friends, and more, but Nora has found the journey to be extremely rewarding for her family. Other money-teaching lessons and wins Alec and Julie discussed with Nora: * How to deal when your kids’ friends don’t have the same budget or they seem to get everything they want * An effective way to teach her kids the importance of donating * Deciding what the parents will pay for versus what the kids will pay for with their allowance * Practicing the habit of saving * Alternatives to chore-based allowance: How the slob tax works Read more about the Slob Tax here: https://www.centsofresponsibility.com/blog/theslobtax?utm_source=podcast&utm_medium=organic&utm_campaign=episode6 (https://www.centsofresponsibility.com/blog/theslobtax?utm_source=podcast&utm_medium=organic&utm_campaign=episode6) ======================= Guest Bio: Nora Ellish founded Colebrooke Media Group in 2011 after a storied history working with high-profile media brands, including NBCUniversal, where she helmed communications efforts for the preeminent media company’s Content Distribution business and the distribution of an impressive portfolio of top-rated cable networks and the Olympic Games with multi-platform partners. Nora also led rebranding efforts for the pop culture powerhouse Bravo Media, and publicized the Emmy-winning series "Top Chef " and "Queer Eye," among others. Nora’s career began with an article she wrote for her college newspaper, The Florida Alligator, in her sophomore year, entitled ‘Roofies: The Date Rape Pill,’ which was discovered by a high-profile New York-based producer of ABC News 20/20. He pursued Ellish’s sources for a groundbreaking piece on the popular newsmagazine show, and as Barbara Walters’ private producer, he brought Nora on board to be her intern. She then landed a second internship her junior year at NBC Dateline, and went on to kick start her career as a television producer on live national shows that included ABC’s “Good Morning America,” NBC’s “Later Today” and Lifetime’s “Lifetime Live.” She later found herself on the other side of the pitch as a publicist and President of her own shop. ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer - Julie Frans, COR's Chief Community Officer - Nora Ellish, CEO of Colebrooke Media Group and COR Mom ======================= Resources for Parents and Caregivers Want more resources to teach your child about money? Check ‘em out here: 💰How To Teach Your Kids About Money Parent Resources https://www.centsofresponsibility.com/resources (https://www.centsofresponsibility.com/resources) 💰Cents of Responsibility Blog: https://www.centsofresponsibility.com/blog (https://www.centsofresponsibility.com/blog) 💰Cents of Responsibility YouTube Channel: https://www.youtube.com/channel/UCj_u... (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) If you’ve thought about taking a complete, comprehensive course to learn everything you need to know about starting your kid with allowance, and then using it to teach them all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1 (https://www.centsofresponsibility.com/CORCourse1) And if you’re a parent who needs a kick in the pants to start your kid on allowance, you might want to check out our 5-Day Allowance Challenge here: https://www.centsofresponsibility.com/allowancechallengepre (https://www.centsofresponsibility.com/allowancechallengepre) ======================= Also, follow us at these places below and say hi! 💵 Website: https://www.centsofresponsibility.com/ (https://www.centsofresponsibility.com/) 💵 Instagram: https://www.instagram.com/centsofresponsibility (https://www.instagram.com/centsofresponsibility/) 💵 Facebook: https://www.facebook.com/CentsOfResponsibility (https://www.facebook.com/CentsOfResponsibility) 💵 TikTok:https://www.tiktok.com/@centsofresponsibility (https://www.tiktok.com/@centsofresponsibility) 💵 YouTube: https://www.youtube.com/channel/UCj_u... (https://www.youtube.com/channel/UCj_uX9FjaVXA1gTsMXyBmwQ) ======================= 15% Off Coupon Code: CORPOD15 Hey podcast listener, use this code for enrollees in our flagship course, Starting Your Elementary Aged Child on the Money Savvy Path. It's designed to teach you, the parent, how to begin teaching your child about money. Offer expires 12/31/2022. https://www.centsofresponsibility.com/offers/36Fz4e6o/checkout (https://www.centsofresponsibility.com/offers/36Fz4e6o/checkout)

14. 

    30 Nov 2022

    #5: New COR Parent Robbie Singer Joins Alec & Julie

    In 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 child the benefits of compounding interest on their investment accounts?” “How much allowance should I give my child?” Listen in to hear all about Robbie’s COR journey, as he works to raise his children into financially responsible adults. Guest Bio: Robbie Singer is the President of Nearly Natural, one of the country’s most important artificial floral companies. His family started the business nearly 75 years ago, and it continues to grow today under Robbie’s stewardship. Despite his success as a businessman, teaching his daughters about money was a mystery. Robbie came to Alec, his long time friend since college, and has recently started his journey with the Cents of Responsibility Program. Robbie has two daughters, ages 10 and 8 years old. ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer - Julie Frans, COR's Chief Community Officer - Robbie Singer, CEO of Nearly Natural ======================= 15% Off Coupon Code: CORPOD15 Hey podcast listener, use this code for enrollees in our flagship course, Starting Your Elementary Aged Child on the Money Savvy Path. It's designed to teach you, the parent, how to begin teaching your child about money. Offer expires 12/31/2022. https://www.centsofresponsibility.com/offers/36Fz4e6o/checkout

15. 

    16 Nov 2022

    #4: Alec & Julie Answer Facebook Questions, the 5-Day Allowance Challenge and more

    In 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 her son, John and his new JOB to earn extra money! ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer - Julie Frans, COR's Chief Community Officer ======================= 15% Off Coupon Code: CORPOD15 Hey podcast listener, use this code for enrollees in our flagship course, Starting Your Elementary Aged Child on the Money Savvy Path. It's designed to teach you, the parent, how to begin teaching your child about money. Offer expires 12/31/2022. https://www.centsofresponsibility.com/offers/36Fz4e6o/checkout

16. 

    2 Nov 2022

    #3: Alec & Julie Discuss COR Parent Questions, Challenges & Wins

    In 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 your own question or topic you'd like to address on the podcast, feel free to email us at info@centsofresponsibility.com, (mailto:info@centsofresponsibility.com,) or contact us through your preferred social media channel. ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer - Julie Frans, COR's Chief Community Officer ======================= 15% Off Coupon Code: CORPOD15 Don't forge the coupon code mentioned in this episode, which is good for enrollees in the Starting Your Elementary Aged Child on the Money Savvy Path. Offer expires 12/31/2022. https://www.centsofresponsibility.com/offers/36Fz4e6o/checkout (https://www.centsofresponsibility.com/offers/36Fz4e6o/checkout)

17. 

    15 Jun 2022

    #2: Introducing Julie Frans, COR's Chief Community Officer

    In 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 gratitude with her daughter. References: Read the blog article: John and the Broken RC Plane HERE (https://www.centsofresponsibility.com/blog/john-and-the-broken-rc-plane) Resources: Sign up for the Course HERE (https://www.centsofresponsibility.com/courses) Sign up for the FREE 5 Pro Tips from Alec HERE (https://www.centsofresponsibility.com/5TipsVideo) Follow us on Facebook HERE (https://www.facebook.com/CentsOfResponsibility/) Follow us on Instagram HERE (https://www.instagram.com/centsofresponsibility/) ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer - Julie Frans, COR's Chief Community Officer

18. 

    8 Jun 2022

    #1: Introducing Alec Lindenauer, COR's Chief Allowance Officer

    In 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 (https://www.centsofresponsibility.com/courses) Sign up for the FREE 5 Pro Tips from Alec HERE (https://www.centsofresponsibility.com/5TipsVideo) Follow us on Facebook HERE (https://www.facebook.com/CentsOfResponsibility/) Follow us on Instagram HERE (https://www.instagram.com/centsofresponsibility/) ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer - Julie Frans, COR's Chief Community Officer

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