From the course: Teaching Your Kids About Finance
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Teaching kids the importance of moderation and value
From the course: Teaching Your Kids About Finance
Teaching kids the importance of moderation and value
- The concept of moderation and value is so important, but this is a lesson that you can't teach just in one setting. This is a lesson that you want to incorporate in everyday conversation. You want your child to feel a good sense of self-worth that isn't determined and defined by money, and this means constant, continuous conversations and teachings about the importance of moderation and being happy when you don't have as much, because the truth of the matter is the reality is we're never going to be able to keep up with the Joneses, and we don't want our children to feel like they need to as well. This creates a constant feel of inadequateness, and this is not healthy not only for adults but also for children. So have conversations with your children about the importance of enjoying experiences, time together with you and your family, and the wealth and gift of being together. So recently, my oldest child went to school and he was really working on his physical fitness. He's not the…
Contents
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Talking to your kids about where the family money comes from1m 34s
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Teaching kids the tools of money (currency, checks, credit cards)2m 35s
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Teaching kids about financial planning and setting up financial goals1m 48s
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Teaching kids about budgeting and how to do it2m 44s
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Teaching kids the importance of moderation and value2m 44s
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Teaching kids charity2m 21s
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Talking to kids about college savings2m
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