EPISODE 144: HOW TO TEACH YOUR KIDS ABOUT BUDGETING
Welcome to the Monday Money Tip Podcast! We love teaching our kids new things but when it comes to money, where do you even start? 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. Has this money helped you climb up the IWBNIN Ladder? Our success story comes from Amy, who made her final payment on her student loans!
WATCH OR LISTEN:
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!
Big Concepts to Teach Your Kids
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
Follow Us:
Facebook: I Was Broke Now I’m Not | Joseph Sangl
Twitter: @iwasbroke | @joesangl
Instagram: @iwbnin | joesangl
Website: www.iwbnin.com | www.josephsangl.com