EP 192
Your Kids Are Watching Your Relationship with Money
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Inside This Episode
What are your kids learning about money by watching you? In this episode, John Kennedy, CFP® and Brandon Hatcher talk about the money lessons kids pick up from our everyday habits, language, spending, saving, and even the way we respond to unexpected expenses. They share personal experiences, parenting lessons, and a few things they’ve realized they could do better, all with the goal of helping the next generation build a healthier relationship with money. Because sometimes what our kids catch from us matters more than what we teach them.
Three Biggest Insights
- Kids Learn Money by Watching You
- The Habits and Language That Shape Their Money Mindset
- Creating a Healthy Relationship With Money Across Generations
Key Takeaways
- Your Kids Are Watching More Than You Think: Your everyday spending, saving, giving, and even the way you talk about money can shape how your kids understand it.
- Talk About the “Why” Behind Money: Instead of simply saying “we can’t afford that,” you can explain that some purchases require planning, saving, and making intentional choices.
- Give Kids Goals and Ownership: Whether it’s saving for a toy, contributing toward an activity, or running a small business, giving kids some ownership helps them understand the value of money.
- Your Money Habits Matter: It’s hard to teach patience and intentional spending if your kids regularly see you making impulse purchases. The goal isn’t perfection, it’s awareness.
- You Can Change the Story: You don’t have to repeat the money habits or beliefs you grew up with. You can recognize what shaped you, keep what worked, change what didn’t, and give your kids a healthier foundation.