Ep.158 I Deciding to Raise Financially Savvy Kids: Shaping Smart Spenders, Savers, and Investors
What if teaching your kids about money wasn’t as hard as it seems? How can you make saving, spending, and investing lessons stick?
In this episode, Sanger and Shawn Smith explore straightforward strategies for teaching kids about money. They break down practical lessons on saving, spending, and investing to help parents equip their kids with lasting financial skills—without overcomplicating it.
KEY TOPICS
Methods to help your kids understand money without overwhelming them.
Why letting your kids make money mistakes could be the smartest move you make.
How emotions secretly control spending—and how to help your kids avoid the pitfalls.
Setting clear financial boundaries that shape lifelong habits and financial independence.
CHAPTERS
00:00 Introduction
00:54 Childhood Lessons on Money
03:47 Teaching Kids to Save, Earn, and Spend
08:49 Emotions in Money Decisions
11:39 Developing Healthy Money Habits
32:00 Personal Money Responsibility
35:19 Teaching Children to Budget
46:19 Managing Overspending
53:31 Talking About Finances in Front of the Kids
57:23 Involving Attorneys and Financial Advisors in Estate Planning
01:02:10 Effectively Utilizing Trusts for Your Children
01:03:09 Five Key Money Decisions
1:03:42 Producer Closing
CONNECT WITH US
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Join us on Instagram: @decidedlypodcast
Join us on Facebook
Shawn’s Instagram: @shawn_d_smith
Sanger’s Instagram: @sangersmith
Thank you to Shelby Peterson of Transcend Media for editing and post-production of the Decidedly podcast.
SANGER’S BOOK: A Life Rich with Significance: Transforming Your Wealth to Meaningful Impact
SHAWN’S BOOK: Plateau Jumping: What to Change When Change Is What You Want
MAKING A FINANCIAL DECISION?
At Decidedly Wealth Management, we focus on decision-making as the foundational element of success, in our effort to empower families to purposefully apply their wealth to fulfill their values and build a thriving legacy.
LEARN MORE: www.decidedlywealth.com
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