Teaching Kids About Money (Ep.107)
Description
In this episode of the Retirement Plan Playbook, financial planners Matthew Theal and Joshua Winterswyk from Evermont Wealth discuss the importance of teaching children about money.
They provide practical tips for instilling financial literacy at different ages—from toddlers to adult children.
The episode also touches on current market events, including the implications of a recent software crash by CrowdStrike and rising past due credit card balances.
The hosts emphasize the importance of building emergency funds, understanding credit, and starting retirement savings early. Additionally, they recommend watching the Olympics Gold Zone and a trip back to the movies with 'Twisters.'
00:00 Catch-Up and Personal Updates
01:19 Introduction to the Retirement Plan Playbook
02:17 Teaching Kids About Money
03:32 Olympics
05:06 CrowdStrike Incident
08:28 Credit Card Balances and Economic Concerns
09:54 Stock Market Update and Political Uncertainty
12:53 Financial Literacy for Kids
18:44 Teaching Kids About Money: Allowance and Savings
19:03 Bank Visits and Financial Literacy for Preteens
20:41 Understanding Credit and Taxes for Teens
23:54 Gamifying Financial Education for Kids
26:21 Financial Planning for Adult Children
31:44 Saving and Retirement Planning
35:07 Evermont Recommends: Entertainment and More
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