Woman-Owned Wallet: The Podcast

23 May 2023 05:00

Episode 45 | Money Mindset Minisode with Melissa Blandford: Teaching Money Mindset to Kids

Motherhood, Kids, and Money with Melissa Blandford

There is so much that goes into raising children, and shaping their money perspective is one part of the game. Whether this is around money management, budgeting, saving, or delayed gratification, instilling these values early on can help set your children up for financial success later in life. Having open money conversations, teaching kids the difference between wants and needs, how to prioritize their spending, and setting clear boundaries and expectations is an integral part of motherhood and raising financially responsible children. Your kids are an open slate, and everything you say or do is an opportunity to teach them about financial responsibility and decision-making.

Join the conversation with Melissa as she shares her perspective and experiences with motherhood, kids, and money. As mothers, we have the power to shape our children's beliefs and habits around money. By modeling good financial behaviors, teaching them the best money practices, and involving them in money conversations, we can set them on the path to a successful financial future.

Now, let’s jump in!

Conversation Highlights;

[00:01] Intro and what’s in for you in today's show

[02:19] About Melissa’s Galentine Day with her two daughters

[08:05] Melissa's daughter’s cash cubes experience

[09:30] Talking about the cost of things with your kids

[13:07] Helping kids manage needs and wants when shopping

[15:30] How Melissa helps her daughters earn to prepare for adulthood

[18:21] Helping kids to conceptualize “they have to work for what they get. “

[23:04] Handling chores: Accept you are just human without judging yourself

[27:27] Commercial Break

[29:52] Dripping to your kids everything you think they need to learn