Episode 55:The Top 5 Money Lessons
Parents Fail to Teach Their Kids...

Kids, what have your parents taught you about money?

And adults, what did your parents not teach you that maybe
you wish you’d had a heads up?

In today’s episode, we tackle the top five money lessons
parents fail to teach their kids.

Hey
everyone! Welcome back to the Cash Kid Podcast — where we teach kids, teens,
and even some adults how to earn, save, and invest money.

I’m your host — the Cash Kid — and today, we’re diving into
something that’s been on my mind for a while...

The Top 5 Money Lessons Parents Fail to Teach Their
Kids...

(and
don’t worry — if you’re a parent listening — this isn’t about making anyone
feel bad. It’s about all of us learning how to be better and set up the
next generation for success.)

So let’s get into it!

🎯 #1: Not Teaching the
Value of Money and Hard Work

One of the biggest mistakes I see is when parents just give
kids money...without connecting it to any effort.

It sounds awesome, right? Free money!

But the problem is, it teaches kids that money just appears...without work.

Now, I’m not referring to money they get for a birthday or
holiday. It’s the scenario of them asking for money and you just freely handing
it over.

It’s like if a teen knocked on your door, said they would
mow your lawn for $50 bucks. You pay them and then they just walk away. You
just lost money and still need to mow your lawn.

How can we fix that?

Tie money to
chores or responsibilities around the house.
Encourage us to earn money
through side jobs like mowing lawns, dog-walking, or babysitting.
And share stories about your own
work! Kids learn a lot by hearing how you make and manage your money.

When kids understand that hard work equals rewards...we
start respecting money and ourselves a lot more.

Plus, we’re less likely to be willing to give up or spend
our money on unnecessary items as we know how hard it was to earn that money in
the first place.

🎯 #2: Not Talking About
Budgeting and Saving

You hand a kid twenty bucks...and 10 minutes later it's
gone.

Sound familiar?

That's because budgeting and saving don't come naturally —
they have to be taught.

Here’s a simple fix:

Teach us to
split our money into "Save, Spend, and Give" jars.
Help us set real savings goals —
like saving up for a bike or a cool gadget.
And most importantly...explain
the difference between "needs" and "wants."

We need food. We want the latest new OnCloud shoes or
clothes. There’s a big difference!

Greenlight is an app I use to set up save, spend, and give
categories. It’s all digital and easy to move money from one bucket to the
next. Parents and kids both have access to it to monitor it and help reach the
goals together.

Budgeting isn’t boring when you turn it into a challenge or
a goal we’re excited about.

🎯 #3: Avoiding
Conversations About Debt and Credit

A lot of parents think, "My kid doesn’t need to worry
about credit cards yet."

But here’s the thing — by the time we do get a credit card, if we don’t
understand how debt works, we can get into serious trouble.

A better way?

Start small.
Let your kid "borrow" $5 with the promise to pay it back with a
little interest.
Talk about how credit scores work
and why they matter.
And share real stories from your
life — like how you bought your house, your car, or even mistakes you made
with debt.

Money mistakes happen...but learning early can help us
avoid some big ones later.

One of the tried and true measure is when a teen turns 16
they can be made an authorized user on their parents credit card and have them
only use it to buy gas and pay that back every month. It helps to build their
credit and experience in how credit works… and that it’s gotta be paid back… or
you’re in debt.

🎯 #4: Not Encouraging
Entrepreneurship and Investing

Saving is good — but growing your money is even
better.

And guess what?

Kids can totally understand investing and entrepreneurship if someone takes the
time to explain it.

What are some ways you can help:

Introduce
simple concepts like stocks, bonds, and ETFs.
Support our business ideas — like
selling bracelets, mowing lawns, or even running a YouTube channel!
And point us to real success
stories of young entrepreneurs who started early.

You never know — the next Elon Musk or Oprah Winfrey might
be sitting at your kitchen table! Don’t be the one to discourage them. Find a
way to help them expand on their business mindset in a educated way.

🎯 #5: Not Setting a Good
Financial Example

Parents, we’re watching you — even when you think we’re
not!

If you’re always swiping credit cards, shopping online, or arguing about
money...that’s what we learn.

Here’s what helps:

Be open about
money. Let us see the family budget.
Talk about savings goals you're
working on.
And let us be part of little
decisions, like picking cheaper groceries or planning a budget-friendly
family outing.

The more we see smart money moves in action, the more
likely we are to copy them!

And be honest with us. If you’ve made bad financial choices
before and feel we could learn from it, share so we can avoid those same
mistakes.

And if you don’t have the answer, help them find the right
one. Make it an activity to do together.

[Closing Thought]

At the end of the day, parents don’t have to be perfect
about money to raise financially smart kids.

It just takes honesty, a little guidance, and making money talks normal
— not scary.

Kids WANT to learn.

We want
to be independent and successful with our money.

So whether you're a parent, grandparent, or a kid tuning in
— remember: it’s never too early (or too late!) to start learning about money.

🎙️ CASH KID (closing
voice):

Thanks for hanging out with me today on the Cash Kid Podcast!

Be sure to hit "Subscribe" so you never miss an episode.

And hey — if you liked this one, share it with a friend or parent who could use
a little money motivation too.

See you next time. Remember, anyone can be a Cash Kid. You
just have to learn how to become one. Cash Kid, out!