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You know you want to do better for your kids. You know they need to learn financial literacy, right? But who’s going to do it? And does it have to suck for your kids? Nope! Today I’m sharing how you can easily teach your kids about money, let’s do this!
0:00 – Intro 2:08 – Episode Sponsorship 3:21 – You’re Teaching Your Kids About Money 4:45 – Relationship With Money – How It’s Formed 5:32 – Playing Games 6:48 – Reward Them For Going Above And Beyond 8:38 – What Does It Mean To Budget 11:43 – Challenge – What Game or Saying Was Influential On You As A Child When It Comes To Money?
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Do you like the idea of money? The thought of having to check your bank account? Do you feel anxiety, fear, etc?
For most that does happen, and it’s a sign of past financial trauma. Which side note can be not real or imagined trauma even. But that’s not what we’re talking about today.
You know you want to do better for your kids. You know, they need to learn financial literacy, right? But who’s gonna do it? And does it have to suck for your kids? Nope.
Today I’m sharing how you can easily teach your kids about money.
This is the Your Money Your Life podcast, where ambitious women come together to have clarity, prosperity, and confidence with their money without sacrificing precious time and well deserve fun. So let’s do this!
Welcome to the Your Money, Your life podcast. I’m your host, Aimee Cerka.
After my husband and I faced three major financial roadblocks in the last six years, I felt like I wasn’t doing all that I could and I had let my family down. It always felt like life was a struggle like I had to work harder than everyone else. It just came easy to them, and I didn’t feel worthy of success.
Until a coach helped me see the successes in our experiences instead of our failures. This allowed me to create and implement systems to grow our network by 200,000+ while spending time with my loved ones and on my priorities. Now I help motivated women create the happiness, family life, financial security, and long-term wealth they deserve.
If you’re ready to eliminate stress, struggle, frustration, and guilt within your finances, you’re in the right place. Welcome, I’m so glad you’re here!
Inside this episode, we’re talking all about your kids and money and what we should be teaching our kids about money, all those things.
Now, I’m actually working on putting together a financial budgeting course helping you and teaching your kids about money, it’s not ready yet it doesn’t even have a name, there’s going to be different levels based of, of you know, age range. So you know, we’re not teaching the same thing, that we’re teaching elementary school, to high schoolers, etc.
But if you want to be one of the first ones to know, you want to know about like pre-sale, discounts, all the information, all you have to do right now is go to aimeecerka.com/kids with an s. Via form there, fill that out, I’ll make sure you stay up to date when that course that program does become available. You’ll be the first to know to get the discounts, all those things. Let’s get into the episode
The Power of Intentional Money Education
Welcome back to another episode of the Your Money Your Life podcast. I’m your host, Aimee Cerka.
We’re talking about how to easily teach your kids about money today. And really to start off. Newsflash, you’re already teaching your kids about money. I don’t know that might be like a like me to add sound effects of marriage or something. But you are you’re already teaching your kids about money. So let’s just be intentional about it. Okay.
Let’s take charge of your children’s education. And you might be thinking, okay, Aimee, how the heck do I do that? The easiest thing to do is include them in your life. And your goals, what you’re working towards your kids can be, or where you’re spending even at grocery stores. And other places helping like just include them in your life don’t make it this taboo thing that we don’t talk about.
Now, it’s not done to the point where we are like, we can’t afford that, we can’t do that. That’s so much money.
And we’re actually going to talk about that in a couple of weeks on you know, the five things that you need to be teaching your kids about money, but your relationship with money that you have personally is formed in large part by the about the age of seven.
Incorporating Kids into Your Financial Life
So your parents are a huge influence on you. And you’re doing the same for your kids. So even if Money is tight, please let’s work on not walking around telling them you know, we can’t afford that, or money doesn’t grow on trees.
There are so many different things that we are saying that we have like autopilot, started saying. And we really, we need to not say them because they’re harming not only our relationship with money, but they’re harming our children’s relationship with money as well.
Games that Teach Money Management
Just being intentional with what we’re saying, but include them. And things that are going on, you can also play games that involve money. I know monopoly is the first one that every always comes to mind.
Yes, it’s a little silly, a little out there. But it does work. Working on having them like counting change, like that’s important. And it’s something that they have to do with monopoly.
There was another one that we had growing up that I have not found yet for the kids, but it was called payday. Pretty sure it was called payday. So you like the board was essentially like a one-month calendar, like first through the 31st. And depending on where you landed on the board like you had different bills that you had to pay, or you got money, etc, that would be another one be great to find.
If you know of others, I’m working on putting together like you heard for the sponsorship of the episode, we’re working on this, if you have other games that have been really helpful, influential that are like really teaching money in the way that works and creating change. I’d love to hear that.
Rewarding Kids for Extra Effort
Also, like paying your kids for additional services, I get asked, asked often if we do an allowance, and I do not do an allowance for my children, they have responsibilities that they have to take care of that’s part of like living in the household, that’s part of their contribution, it’s going to be you know, age.Specific, I guess for lack of a better word, I don’t feel like that’s what I was looking for.
But I’m not having the four-year-old, you know, vacuum the house. But there are things that if they want to go above and beyond, I will pay them for their additional, extra work. So vacuuming is currently not on the 10-year-olds currently done his chore list.
But if he wants to vacuum for me, and then he earns what we do is like the STAR program, so he’ll earn stars, and the more stars that he has, he can use the stars to redeem for different things, which will have a monetary value to it for it, you could just pay a flat surface for service, he really enjoys the SURF program.
So we needed to be able to structure that in a way that was not going to negatively affect the budget because he enjoys working for those.
So we do have that setup. And it’s not like child labor, we’re still rewarding him for doing the extra and above and beyond. But sometimes, like the STAR program might not necessarily work. But we’ll do rewards of other sorts.
We started a long time ago that the kids could have like a piece of candy or something if they behaved and were quieter while I was on a video call. So now every time I record a podcast or do a video of any sort, they think they need a piece of candy, which is really funny side note.
Introducing the Idea of Budgeting
I’m talking to your kids about a budget, what it means to budget. Instead of saying we can’t afford that right now. We can tell them like hey, let’s go check the budget. Let’s see what the budget says about this how and like talking about the idea of a budget because we have to talk about budgeting and prioritizing because remember a budget is just simply prioritizing what we want to spend money on because we’re setting the intention behind the money.
So we’re budgeting for our bills and making sure the electricity is paid. We can talk about this by making sure that you know you’re turning the light off when you leave the room. Some of those things are shutting the door behind you. We got a newer screen or a different screen door.
And the kids were very used to the old screen door so they would essentially leave the door open all the time for a while. We had to work on that one.
Well, you talk about the budget when it comes to like eating out in our play money. If they want to go do fun things. It’s like, “That’s great!” We spent our budgeted play amount on whatever fun thing we did yesterday because they think we need at Whataburger every night, especially Brooklyn.
But talking about those things and just really being transparent and talking about it from like a holistic view. It’s not a negative thing. If we set the intention of we’re educating them, we’re presenting them the information.
Financial Literacy Courses
You can also take financial literacy courses. Budgeting Simplified, of course, is an amazing course. It’s the one that I teach on budgeting for prosperity and the percentage-based budgeting that we teach in there, I currently feel is the best way to budget. I’ve looked at it several different ways.
You can’t have other budgets that work. But really, it sets you up for success, regardless of how you’re getting paid the frequency, if you’re getting paid as your income scales, it really takes the stress out of budgeting for you, which is why it’s called budgeting simplified.
But you can take financial literacy courses, you can involve your kids in those extracurricular things. You can join the waitlist for the for the kids financial course that we’re working on right now. And there’s going to be a couple of variations of that, like age-appropriate levels. Of course, we’re not sticking like the elementary level and with the high school.
So just check that out. It’s something to think about is something to do. We’re already teaching our kids about money, we’re just, we’re going to be intentional about it, you’re going to include them in your life, you’re going to play the games, you’re going to reward them for doing above and beyond. And just a couple of weeks, make sure subscribe to the podcast because
I think in two weeks, we’re gonna be talking about the five key areas that your kids really need to know when it comes to money. I know that’s gonna be super helpful for you today for helpful for you.
Your Challenge: Share Your Money Lessons
But your challenge for today, I want to hear what game or saying what was influential on you. As a child as you learned about money. Is there a game that you remember playing? Something that you remember your parents saying all the time? What was that key influence that still stands out for you to this day that you’ve learned as a child?
Send a message on Instagram at @aimeecerka. I can’t wait to hear from you. And we’ll see you next week for another episode. Bye for now!
Thank you so much for listening to the Your Money Your Life podcast. My favorite place to hang out is on Instagram. You can find me at @aimeecerka. Send me a message or post a screenshot and tag me! I love hearing from podcast listeners
Master Your Money with Aimee Cerka
When you’re ready to master your money, go to https://workwithaimee.com. You and I will work together to ditch financial stress and struggle for good with a customized plan that works for you, your goals, your priorities, and your life. I’ll see you next time on the Your Money Your Life podcast.
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