Raising Money-Smart Kids: Family Financial Socialization | 258
Welcome to the Homeschooling Families Podcast, where we explore the intersection of home education and family life. In today's episode, we delve into a vital topic that impacts every household: financial literacy. We'll be discussing what financial literacy is, the consequences of not teaching money skills to your children, effective strategies to impart these skills, the significance of money scripts, and how family dynamics can shape your children's money management skills.
Our guest today, Dr. Linda Simpson, brings a wealth of knowledge with over three decades of experience in teaching financial literacy at the university level. She's here to guide us on the essential journey of empowering your children with the financial skills they need for a secure future.
Meet the Guest:
With three decades of experience in teaching financial literacy at the university level, Dr. Linda Simpson has helped people of all ages and life stages to set goals and create simple financial plans that are sustainable to their lifestyle and spending behaviors. In these challenging times, individuals and families are facing uncertainty in their current financial situations, not to mention their financial future. Dr Simpson is dedicated to helping as many people as possible to overcome these challenges.
Topics Covered In This Episode:
- What is financial literacy?
- The importance of understanding basic financial concepts and skills.
- Consequences of not teaching money skills to your children.
- How a lack of financial education can affect your children's future.
- Strategies for teaching children about money.
- Money scripts and their role in a child's money management skills.
- How our beliefs and attitudes about money influence our financial behavior.
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David is passionate about helping families grow in their faith and helping believers find their place in the Great Commission. He has spoken at numerous conferences and events across the United States and is committed to supporting the efforts of missionaries around the world.