#144: How to Teach Your Kids About Money

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Monday Money Tip

Business


About the Episode:  In this episode, we’re sharing tips on how to teach your kids about budgeting, plus what age should you start. In our Current Events segment, we’re discussing the three stimulus checks that have been distributed.  Our success story comes from Amy, who made her final payment on her student loans!        Resources: FULLY FUNDED LIFETool: Mini-BudgetIWBNIN LadderFinancial Learning Experience Joe’s Current Investments 2021 Related Monday Money Tip Podcast Episodes:Episode 98: Fire Your Wanter Episode 120: Saving for KUEsEpisode 134: 4 Steps to BudgetingEpisode 136: How to Maximize Your 2021 Tax RefundEpisode 137: 5 Tip to Help You Absolutely, Positively, Actually Follow Your Budget BIG Concepts to Teach Plan spending before you actually spend the money GIVE | SAVE | INVEST | PLAN THE REST Wait overnight before making a big purchase Take care of needs before wants Mom and Dad aren’t taking care of you the rest of your life - don’t count on us! Invested money will produce money you didn’t work for! Saved money allows you to take advantage of opportunities and overcome obstacles Don’t borrow money for things that don’t go up in value or produce income if you can’t immediately pay it back Email info@iwbnin.com to ask questions or share success stories.