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Learn how you can help your kids become smarter with money. Bill Dwight, FamZoo founder and CEO, shares four tips to get your family saving, investing, and giving together more.
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Kids and Money: Hands On Approach
On the podcast today we look at:
- how you can make allowances meaningful
- why you don’t need cash to teach your kids about money
- how you can start the conversation when they’re little and continue it as they grow up
Plenty of tips and systems, so you may want to save this episode!
With FamZoo, you can design a ‘banking’ system that allows you to effectively and effciently teach your kids about money based on your values.
With FamZoo, you can:
- assign chores for extra pay (or track when they didn’t do them),
- automated allowances,
- allocate allowances into buckets (saving, giving, and spending)
- calculate matching contributions
It’s highly customizable and yet easy to use.
Even if you don’t sign-up for Famzoo (which I think you should!), their site has some wonderful resources to help you find a system to teach your kids about finances. Some of my favorites include:
- 6 Tips for Building the Charitable Giving Muscle with Your Kids
- Boost Your Kid’s Money IQ with a Simple Spreadsheet
- 29 Tips for Teaching Your Kids to Stack Benjamins from Joe, Tai, Len, and Bill
Helpful Resources on Kids and Money
If you’re trying to figure out a system that can work for you family, here are a few resources to check out: