SFP 171: How to Talk to Kids about Money [with Liz, author of Piggy Banks and Lemonade Stands]

Have you started talking to your kids about money? Money can be a taboo topic, even within families. In today’s episode I’m chatting with Liz Frazier Peck author of Piggy Banks and Lemonade Stands: How to Teach Young Kids About Finance (and They’re Never Too Young).







SHOW NOTES/LINKS:




* Piggy Banks and Lemonade Stands: How to Teach Young Kids About Finance (and They’re Never Too Young).
* How to Talk to Kids about the Birds and Bees
* Liz’s Website
* Liz on Twitter




Full Episode Transcription
Denaye Barahona:        



Hi, it’s Denaye here. Episode 171. And today, the topic is “How to Talk to Kids about Money.”



Thanks so much for tuning in. It is episode of 171, and today we’re taking out a topic I admittedly know nothing about. And that’s teaching kids about money. So thankfully since I’m clueless on this, I have a guest for today. So I’m talking with Liz Frazier. Liz is the author of the brand new book Beyond Piggy Banks and Lemonade Stands: How to Teach Young Kids About Finance (and They’re Never Too Young). So in this conversation, I’m picking Liz’s brain about how we can teach our kids more intentionally about money without adding too much to our plate. Because of course we always like to keep it simple.



A little bit about Liz, our guests for today. She’s a certified financial planner and she’s also a mom of two young kids. After working in financial planning, Liz came to understand that money was a taboo topic for people even within families. And as a result, many of us myself included, just really aren’t talking to our kids about money that much. And it’s a pretty well known fact that our kids are reaching the high school and university age with very little exposure about practical money management. So how do we start now in small doses teaching our kids little bits and pieces so that they’re ready when they get older, they’re ready by the time they had their first jobs to manage that money? They know what it means to save and to budget.



So I’m excited to introduce you to Liz and everything that we’re talking about today. I know that I learned so much, and I hope to continue this conversation with her because I think it’s a really important topic for all parents out there. So thanks again for tuning in and hope you enjoy this episode. If you have questions or comments, you can go to simplefamilies.com/episode171. You can also take a screenshot while you’re listening to this and send me a message on Instagram. I’m always available to chatting with you over there too. Without further ado, here’s today’s episode. Hi Liz. How are you?