Jun 20, 2022
Summary:
Today’s episode is crucial for parents and grandparents looking to
contribute to the financial literacy of future generations. Paige
Afendoulis is releasing a book titled My Dad’s Class that addresses
strategies for educating our children on smart spending, saving,
and investing. Drawing from firsthand experience, she emphasizes
the importance of implementing simple and consistent lessons about
money at an early age, which can set your child up for later
success. Tune in for more tips, and for an inside look at the
premise of Paige’s book.
Highlights:
-Paige has a book coming out about financial education for children
titled My Dad’s Class
-She learned at a very early age about the importance of learning
about banking, investing, and credit
-Starting children early and establishing consistency with banking
and accounting is crucial. Practicing these things often is key
-It’s important to have frequent conversations about finances, and
to have kids be involved in family budgeting
-Distinguishing between wants/needs and understanding family values
are critical money lessons
-Use props and examples, and make the lessons tangible
-Encourage your children to set goals
-Delayed gratification trickles into financial skills—teaching kids
to wait rather than to act on impulse
Useful Links:
Financial Survival Network
My Dad's Class