Teaching Your Kids About Finance
38mBeginner2019-08-27
Authors

Winnie Sun
Financial Advisor, Speaker, Entrepreneur
Course details
Financially savvy parents raise financially savvy kids. In this course, join Winnie Sun—a longtime financial advisor and money personality on Good Day LA—as she lays out how to talk to your kids about money. Winnie begins by explaining how parents—many of whom may not feel like money experts themselves—can evaluate their own finances before broaching the subject with their kids. She then shares a variety of practical strategies and exercises, including how to use your child's allowance as a teaching tool, coach kids to see tempting toys and candy without demanding them, and explain how money works in the digital age (when purchasing something is as easy as clicking a button). Plus, learn how to help your kids map out their own financial goals and create a budget.
Learning objectives
Evaluating your own financial habits
Establishing core values through a family economy
Creating family savings goals
Using your kid's allowance as a teaching tool
Describing how money works in a digital world
Teaching kids how to budget
Teaching the importance of moderation
Learning objectives
Evaluating your own financial habits
Establishing core values through a family economy
Creating family savings goals
Using your kid's allowance as a teaching tool
Describing how money works in a digital world
Teaching kids how to budget
Teaching the importance of moderation
Skills covered
Personal FinanceProfessional DevelopmentOne-Off
Concepts
0. Introduction
- 01 - Raising financially fit kids
- 02 - Who is this course for
1. Being a Financially Fit Parent
- 03 - Teaching the parent to teach the child
- 04 - What if I'm not an expert on money
2. Raising Financially Fit Kids
- 05 - The toy aisle or gift shop effect
- 06 - Core financial values through a family economy
- 07 - Create family savings goals with kids
- 08 - To give an allowance or not
- 09 - How do I explain using money in a digital world to children
3. Kid-Money Boot Camp
- 10 - Talking to your kids about where the family money comes from
- 11 - Teaching kids the tools of money (currency, checks, credit cards)
- 12 - Teaching kids about financial planning and setting up financial goals
- 13 - Teaching kids about budgeting and how to do it
- 14 - Teaching kids the importance of moderation and value
- 15 - Teaching kids charity
- 16 - Talking to kids about college savings
Conclusion
- 17 - Visualize what financially fit looks like