How To Teach Your Kids About 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. I...

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 teachi...

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 challenge...

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 vet...

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, mu...

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 stu...

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 Ashle...

  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 u...

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 doi...

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...

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 simi...

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.&nbsp...

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 R...

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:&nbs...

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 allo...

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 coa...

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...

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...