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#081: Financial literacy for children: What parents need to know |Jim Degaetano, CFP
Episode 819th April 2021 • Money Boss Parent • Anna Sergunina
00:00:00 00:41:34

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WHAT YOU’LL LEARN

Jim Degaetano, CFP®  shares what parents need to know when teaching children responsible spending, saving, and investing skills. Teaching Financial literacy for kids of all ages is simply educating them on basic building blocks for financial wellness as well as the skills and knowledge you need to make informed decisions with your finances. We discuss why teaching your children to learn about basic money concepts, such as saving for a goal and spending only what you can afford is so important -- so they will ultimately lead happy,  financially stable lives.

Jim shares his framework to help parents get kids engaged and interested in participating in money topics as well use a variety of tools, such as his book, Larry, the Bunny Saves the Money, that my 2-year-old son Liam loves reading.

MEET THE GUEST

Jim Degeatano, CFP® and a President of Diamond Wealth Advisors. He has done a lot of work with Junior Achievement, a 501(c)3 nonprofit helping communities grow through youth, education, and economic development. Jim been involved in programs that teach kids from 3rd grade to high school about money. He believes that if you can be stable economically, many other things in your life are going to benefit and it helps the whole community and world.

 

LINKS (for guest)

Larry the bunny saves the Money- book

Tools for parents:

Junior achievement

Mymoney.gov

Khanacademy.org

Moneybrightkids.com

 

EPISODE SPONSORS

Money Flow System - Download Free Money Flow Playbook and start automating your finances. 

 

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