Financial pressures bring stress, anxiety, relationship troubles and instability. Wouldn’t it be great if our kids could avoid those challenges? Well, it’s possible, but it takes work, education and responsibility.
Enter Kathy’s guest for today’s show, Alan Powdermaker, author of the book, Journeys with Max: Life Skills for Young People-Understanding Money. It is a wonderful book outlining the basics of financial literacy for our children. Alan also discusses allowances, rewards and consequences, how to lead by positive example, and the powerful concept of “save, spend and share.”