Financial Advice for Parents with Children in School – Sandwich Money Part 1
Parenting is hard!
Mike eases the burden a bit with some tips about money for parents with children college age and younger.
This video is part 1 of a 3-part series called “Sandwich Money”, where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.
Part 1: Financial Advice for Young Parents
Part 2: Financial Advice for Adults with Children in the Workforce
Part 3: Financial Advice for Adults with Aging Parents
Topics in this episode include:
- Why is money an important topic for parents with young children?
- What does it mean for a kid to be financially literate?
- When is the right time to talk to kids about money?
- How do you explain the relationship between work and money to kids?
- How do you make learning about money fun for kids?
- How can we help children understand the value of money when it’s digital?
- How to teach kids about saving money.
- When should you talk to your child about credit cards and credit debt?
- How can I teach my child about investing money?
- How can an advisor help parents with young kids?
- What’s the difference between trust and a will?
- What’s the going rate for allowance?
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