Financial Mission

#101 Teaching Our Kids About Debt- Lessons They Will Thank You For Later

Jess Episode 101

In this episode of the Financial Mission Podcast, host Jess Wayne shares insights on educating children about debt and financial management. The discussion highlights the importance of setting a strong financial foundation for children, offering personal anecdotes and practical advice.

Jess emphasizes teaching kids the difference between needs and wants, saving before spending, and responsible debt management through progressive lessons suited for different age groups. By incorporating real-life examples and interactive activities like playing Monopoly or creating a debt payoff tracker, Jess underscores the value of making learning about money engaging and impactful. 

The episode concludes with advice for parents on maintaining transparency about finances, modeling good habits, and keeping financial discussions age-appropriate to avoid overwhelming their children. 


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