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EP 103: Preparing for Liftoff: Financial Literacy
Inspiration from the Couch
English - April 11, 2024 06:00 - 32 minutes - 22.5 MB - ★★★★★ - 30 ratingsMental Health Health & Fitness Education Self-Improvement psychology moms mental health psychologists parenting women health wellness conversation authenticity Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Today’s episode is all about fostering financial literacy in our teens and young adults. We start with some of the main financial related concerns we hear from kids during and after college, and we work backwards, highlighting specific tools and skills we can teach our kids before they leave home. We explore methods of payment, tipping, budgeting, and allowance/income. We also talk about natural opportunities to grow these skills, as well as opportunities for financially oriented natural consequences (e.g., how to respond when your teen loses her laptop stylus for the 3rd time in 3 months!). Lastly, we highlight how financial literacy can be complicated: it’s hard to talk openly and directly about finances, and money tends to stir up all kinds of emotions (which makes it even more uncomfortable).