Money Lessons to Teach Your Kids

In this week’s #CreditChat, we discussed ways to educate kids about money. We hosted this conversation on Periscope, Blab, and Twitter.

Our featured Twitter guest was CFP Board Ambassador Marguerita Cheng. Marguerita is the Chief Executive Officer at Blue Ocean Global Wealth. Prior to co-founding Blue Ocean Global Wealth, she was a Financial Advisor at Ameriprise Financial and an Analyst and Editor at Towa Securities in Tokyo, Japan. Marguerita is also a regular columnist for Kiplinger.

The video panel included: Sam X. Renick: Award-Winning Financial Education Author & Trainer at ItsAHabit.comRod GriffinDirector of Public Education at Experian and Mike DelgadoSocial Media Community Manager at Experian.

View the complete chat on Blab.

If you have ideas for future topics and guests, please tweet @MikeDelgado.

Questions We Discussed:

  • Q1: What do you wish you knew about money when you were young?
  • Q2: What is an appropriate age to start talking to your kids about money?
  • Q3: What are some tips for incorporating money lessons into everyday life?
  • Q4: How can parents model good financial behavior for their kids?
  • Q5: How can parents who are financially struggling talk to their kids about money in a positive way?
  • Q6: What do you think about allowance? Pros/Cons?
  • Q7: What are your thoughts on teens working while in school?
  • Q8: Where can teens go to learn about money when their parents don’t talk about it at home?
  • Q9: How can teachers incorporate financial literacy into their lessons?
  • Q10: Any final tips for parents to teach their kids about money?

View the Complete Chat on Storify

View highlights from the chat on SlideShare:

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Resources:

How to Talk to Your Kids About Money via American Bankers Association

Breath the Cycle: Teach Your Children Money Management at an Early Age via Tayne Law Group

The Pros & Cons of Teens Getting Jobs via TennLife

Kids.gov

Resources for Teaching Financial Literacy via National Education Association

Nefe.org

Talking Money With Your Kids via Consolidated Credit

Budgets Are Cool to Learn About in School via Consolidated Credit

Teach Children to Save via American Bankers Association

What to Teach Your Teens About Personal Finance via Tayne Law Group

Recent Chats on YouTube & Twitter