Teaching Kids About Money with Fexingo: Financial Literacy for Children and Families

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna explore how to explain inflation to children using a simple candy store example. They discuss why a candy bar that cost one dollar last year now costs one dollar and ten cents, and how that ten-cent difference teaches kids about rising prices, purchasing power, and the value of money over time. The hosts share a concrete act...

In this episode, Lucas and Luna explore how parents can teach kids the skill of salary negotiation using their weekly allowance as a training ground. They discuss a real-world example from a family in Portland where a 10-year-old successfully negotiated a raise from $8 to $10 per week by presenting a written proposal showing increased chores and completed extra tasks. The hosts break down the nego...

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna explore how to introduce children to the stock market using one familiar company. They walk through the story of a parent buying a single share of Disney for their daughter, then track how that small investment becomes a gateway to understanding ownership, price fluctuations, dividends, and long-term thinking. The conversati...

Lucas and Luna explore a powerful way to teach kids financial skepticism: running a controlled scam exercise. They discuss how a fake lemonade stand can teach children to spot red flags, question too-good-to-be-true offers, and build critical thinking. The episode uses a real classroom example where students lost fake money to a 'free cup' scam, then debriefed the tactics. Lucas explains why this...

In this episode, Lucas and Luna explore how a simple lemonade stand can teach kids the basics of taxes. They walk through a concrete example: a child earning $50 in sales, deducting $20 in costs, and learning about a hypothetical 10% tax on profit. Lucas explains why understanding taxes early helps kids see the big picture of earning, spending, and contributing to public goods. Luna shares a perso...

In this episode of Teaching Kids About Money, Lucas and Luna explore how parents can help children shift from seeing money as an end goal to viewing it as a tool for building the life they want. They dive into a 2025 study from the University of Cambridge showing that kids who discuss 'what money does for you' rather than 'how much you have' develop healthier financial habits. Lucas shares a concr...

In this episode, Lucas and Luna explore how tying allowance to specific chores can teach kids about the connection between work and money. They discuss a real-world example from a 2025 University of Minnesota study showing that children who earn money through chores develop stronger financial habits as adults, including higher savings rates and better budgeting skills. The hosts also share practic...

In episode 22 of Teaching Kids About Money with Fexingo, Lucas and Luna explore how to explain debt to children using a concrete classroom scenario. They walk through a story about two kids who each want a $20 book but have different amounts saved, introducing concepts like borrowing, interest, and repayment without fear or jargon. The hosts discuss how parents can use small, low-stakes loans—like...

Lucas and Luna explore a counterintuitive money lesson for kids: the sunk cost fallacy. Using a concrete example—a child who buys a video game with their allowance, hates it, but keeps playing because they paid for it—they explain why kids need to learn that past, non-recoverable costs should not influence current decisions. They discuss research from behavioral economist Richard Thaler, how paren...

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna explore how to teach children about charitable giving and generosity within a family financial framework. They discuss the 'sharing jar' from the three-jar method, how to let kids choose causes they care about, and practical ways to involve children in giving decisions without forcing it. The hosts share specific examples li...

In Episode 19 of Teaching Kids About Money with Fexingo, Lucas and Luna tackle a topic most parents skip: insurance. They show how a kid's lemonade stand becomes the perfect classroom for teaching risk, premiums, and deductibles — using a concrete example of a storm that ruins a day's inventory. Lucas walks through a simple 'protection jar' system that mirrors real insurance pooling, explains why...

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna explore how parents can teach children to invest in themselves through education and skill-building, not just stocks and savings. They use the example of a 12-year-old who saved allowance for a coding camp, showing how that investment multiplied into future earnings and confidence. The hosts discuss the concept of human capi...

In this episode, Lucas and Luna explore how parents can teach kids about credit scores early, using the FICO score model and a simple example of a fictional 18-year-old named Mia. They discuss the key factors that build a credit score, common mistakes to avoid, and how to start building credit responsibly. Listeners will learn the concrete steps to help their children understand credit scores as a...

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna explore the concept of 'pay yourself first' as a foundational saving habit for children. They discuss how parents can introduce this idea using a simple jar system tied to any money a child receives, whether from allowance, gifts, or small jobs. The hosts walk through a concrete example: a child who earns ten dollars a week...

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna explore how parents can use a simple high-yield savings account to teach kids about compound interest in a tangible way. They discuss the psychology of delayed gratification, why a 5% APY on a child's account beats abstract math problems, and how to set up a 'compound interest jar' at home. The episode includes a real-world...

Lucas and Luna explore how parents can teach kids the skill of negotiation through allowance conversations. Using a real example of a 10-year-old who successfully pitched a 20% increase in her weekly allowance by tracking her chores and presenting data, the episode breaks down the four steps of a kid-friendly negotiation: preparation, framing, listening, and follow-up. Lucas contrasts this with th...

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna dive into a critical but often overlooked financial literacy skill: helping children recognize and resist marketing manipulation. They explore how companies use tactics like limited-time offers, influencer endorsements, and emotional appeals to drive impulse buying — and how parents can teach kids to think critically from an...

Episode 12 of Teaching Kids About Money with Fexingo takes on a topic many parents avoid: credit cards. Lucas and Luna explore why explaining credit, interest, and minimum payments to kids before they get their first plastic is actually a gift, not a scare tactic. They use the example of a $200 video game console bought on a card with 22 percent APR, showing how paying only the minimum turns that...

In Episode 11 of Teaching Kids About Money with Fexingo, Lucas and Luna break down the concept of needs versus wants—and why it's a critical money lesson for children. Using the example of a family shopping trip where a child wants a $30 video game but needs a new winter coat, they explore how parents can guide kids through the decision-making process. Lucas shares data from a 2025 T. Rowe Price s...

Lucas and Luna explore how the cash envelope system, a classic budgeting method for adults, can be adapted for children. They walk through a real example with 10-year-old Mia, who split her birthday money into four envelopes: spend, save, give, and invest. The hosts discuss why envelopes beat apps for teaching tangible limits, how to handle the inevitable overspend, and what happens when a child's...

In this episode of Teaching Kids About Money with Fexingo, Lucas and Luna dive into how parents can teach children the skill of financial goal-setting. Using a single real-world example from a family in Ohio, they explore how a nine-year-old saved for a tablet over six months, the specific techniques her mom used (visual trackers, milestone rewards, delayed gratification), and how this approach bu...

In this episode of Teaching Kids About Money with Fexingo, hosts Lucas and Luna explore how to teach children about opportunity cost through everyday tradeoffs. They discuss the concept of 'tiny tradeoffs' — small, concrete choices kids face daily, like picking between a toy or a game, and how parents can frame these moments to build decision-making skills. Lucas shares a story about a family who...

In this episode, Lucas and Luna explore how parents can teach children the habit of charitable giving through everyday money conversations. They discuss the 'sharing jar' from the classic three-jar method, the psychology behind why kids resist giving, and practical strategies like matching donations and involving children in choosing causes. The hosts cite research from the Lilly Family School of...

In episode six of Teaching Kids About Money with Fexingo, Lucas and Luna explore why inflation isn't just an adult concern—and how to explain it to kids without boring them. Lucas anchors the conversation around the 1970s inflation spike, when a loaf of bread cost 25 cents, to illustrate the concept of purchasing power. He shares a simple experiment: track the price of a favorite snack over a mont...

In this episode, Lucas and Luna explore how to teach kids about compound interest using their own allowance system. They break down a concrete example: if a child saves $5 per week starting at age 8, earning a 5% weekly 'interest' paid by parents, by age 18 they'd have over $4,000 — versus just $2,600 without compounding. The hosts discuss the psychology of delayed gratification, how to set up a '...