Want to raise money-smart kids? In this Best of MKM episode from 2020, Andy Hill sits down with Liz Frazier, Certified Financial Planner and author of Beyond Piggy Banks and Lemonade Stands. Liz shares practical strategies parents can use to teach their young kids the value of money—starting as early as age four.
From understanding needs vs. wants to saving, giving, and making smart spending decisions, Liz outlines fun and effective ways to build lifelong financial habits in children. She also tackles common questions around allowances, chores, and how parents can be positive money role models, even if they don’t feel financially perfect themselves.
If you’re ready to help your kids build confidence, generosity, and gratitude with money, this episode is packed with actionable advice and inspiration for families.
Resources
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MKM RESOURCES:
- MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today.
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CHAPTERS
00:00 – Teaching kids the basics of money
02:00 – Why childhood shapes money habits
06:45 – When to start money lessons
08:30 – Needs vs. wants activity
09:45 – Teaching priorities and decision-making
10:45 – Allowance vs. chores debate
12:30 – Save, spend, share jars
13:45 – Making saving fun for kids
15:30 – Encouraging generosity and giving
18:15 – Teaching gratitude with money
20:00 – Helping kids appreciate wealth
21:00 – Parents teaching money (even if not perfect)
22:15 – Simple ways to start today
23:00 – Where to find Liz Frazier’s book
HOW WE MAKE MONEY + DISCLAIMER:
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.
Opinions are the creators alone.
Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
CREDITS:
- Podcast Artwork: Liz Theresa
- Podcast Support: Andy Hill
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