Teaching Money Management
Kristi shares her approach to managing her child's spending, emphasizing the importance of distinguishing between necessary expenses and discretionary purchases. Brad discusses how he and his family utilize a structured allowance system, incorporating savings and charity, and highlights the transition from physical cash to digital tracking through spreadsheets. Their conversation explores innovative ways to teach children about money management, including the potential for matching contributions to encourage saving.In this clip
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407 | Kristi | Households of FI Update
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