Marriage Kids and Money: Personal Finance for Families How Parents Can Teach Kids the Value of Money - Liz Frazier (BEST OF MKM)
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Aug 26, 2025 In this insightful discussion, Liz Frazier, a Certified Financial Planner and author of Beyond Piggy Banks and Lemonade Stands, shares expert advice for parents on instilling financial literacy in their children. She emphasizes teaching kids about saving, generosity, and understanding needs versus wants from a young age. Liz suggests practical tools like savings jars and creative activities to make learning about money fun. Additionally, she tackles common parenting dilemmas about allowances and the importance of being a positive money role model.
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Start Early With Exposure
- Liz Frazier argues financial education should start early because kids build lifelong habits through exposure.
- She compares money lessons to nutrition and safety, recommending simple, repeated teaching from preschool age.
Raised With Money By Example
- Liz Frazier recalls her mother, also a financial planner, taught finance through exposure not formal lectures.
- She grew up with piggy banks and early money decisions that normalized financial conversations.
You're Teaching Money, Even Silently
- Children's money attitudes form early from family and media, so you shape them whether you teach intentionally or not.
- Be deliberate about modeling positive money beliefs because kids absorb behaviors and messages around them.
