Show Notes
Is your kid good with money, or just good at getting money from you? In this episode, we dive into the right way to give kids money and the crucial lessons about value that most kids never learn. From turning back rubs into earning opportunities, to the ever-changing going rate for picking up dog poop, to using Whole Foods cookies to teach spontaneity and generosity, I’m sharing practical ways to help kids understand how money actually works so they can become more financially capable along the way. If you’ve ever asked yourself: How do I stop handing out money just because it’s Friday? What’s the difference between routine family expectations and value-added earning? How can I teach my kids about spending choices and investing before they hit their 20s? …this one’s for you.
What You’ll Learn: How value is created, why kids shouldn't get paid just for existing, and how factors like supply, demand, and timing impact earnings. Why spending their own money feels completely different than spending yours, and how to step back so kids experience real financial consequences. Introducing kids to investing, "free money," dividend-producing funds, and family-friendly financial apps like Greenlight and BusyKid.
Instead of giving handouts or fixed allowances for basic responsibilities, teach kids that money is exchanged for value-added initiative and guide them to manage, spend, and grow their own funds early. Doing so gives them the real-world experience needed to make thoughtful financial choices.
Watch the show on YouTube at https://www.youtube.com/@askmomparenting571
Resources: Greenlight, the money and safety app built with families in mind. With Greenlight’s debit card and app, parents can pay allowance, assign chores, and help their kids learn to earn, save, spend wisely, and invest. Join the Yell-free Parenting Facebook Group: https://www.facebook.com/groups/yellfreeparentingforexhaustedmoms/ Read Sue's book, Secrets to Parenting Without Giving a F^ck: https://shorturl.at/lrcF2 Connect with Sue on Instagram at @AskMomParenting: http://instagram.com/askmomparenting
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