The Jesse Mecham Show How and When We Teach Our Kids About Money
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May 15, 2025 Exploring the challenges of teaching kids about money, the discussion highlights effective strategies from personal parenting experiences. The importance of instilling financial wisdom early on is emphasized, including teaching through allowances and engaging discussions about future aspirations. Insights include fostering saving habits in teenagers and encouraging children to enjoy spending while envisioning what money can do for them. Overall, it's about making financial literacy fun and accessible at a young age.
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Jesse's Family Money Teaching
- Jesse Mecham shares his personal experience teaching seven kids about money.
- His oldest still saves 45% of his income, showing long-term impact of early lessons.
Allowance Without Chore Strings
- Give kids an allowance early without tying it to chores.
- The allowance is for practicing money management, not earned as payment.
Chores for Family Citizenship
- Teach kids to do chores as family members, not for money.
- Avoid associating chores with earning money to focus on citizenship.