Conversations To Have With Your Kids About Money: NGPF Featured in Recent Podcast
Thanks to Megan Strand producer of “Life Hacks for Working Moms” for interviewing me for her recent podcast. Enjoy the 20 minute podcast here [podcast has since been taken down].
Here are the details:
Over the past several weeks, we’ve talked about creating a personal spending plan and some tips about how to save money on one of your largest monthly expenses.
But what about imparting some of that financial literacy to your kiddos?
As far as Tim Ranzetta is concerned, having those conversations early and often is key to ensuring your kids have a firm financial foundation to avoid costly spending pitfalls and proactively manage their own finances.
On this episode, Tim and I discuss all things personal finance, from saving for college (and related expectations) to opening a checking account. How to teach responsible credit card use (and why Tim recommends it!) to really understanding financial contracts. He’ll even explain how you can “lend” your good credit to your kids if you’re a long-term credit card holder.
Tune in to this episode to hear all of this and more!
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.