Let's Parent On Purpose

196. Teaching Kids to Be Smart with Money

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Sinopsis

Parents are often hesitant to talk to their children about sex and money on a personal level. The lack of serious money talkleads to kids who don't know what their parents make and much worse, what things cost. This often gives our kids a skewed perspective of the reality of money and finances.   Show Highlights   It is important to be intentional in teaching your kids about money. Financial wisdom doesn’t come from a lesson, but from hundreds of experiences wisely processed. It is not just important to go through certain experiences, but to process them and learn from them.   Don't automatically bail your kids out of foolish decisions that they make when it comes to money. Praise God for foolish decisions! There's nothing better for a young person to go through than a foolish decision that they own. It will teach them better than most anything else.   There are 5 principles that you should teach your kids to help them to be smart and wise with money:   1.Working –When we talk abou