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May Mailbag: Kids and Money, Aging Parents, & More

Why You've Got to Listen to This Episode...

Still have questions about creating your family’s unique money values? We’ve got you covered in this special Q&A style episode.

For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions about family finances and family money values. If one person in our community has a question, there are no doubt others wondering the same thing.

So if you’re still a little overwhelmed by the topics of teaching your kids about money, your aging parents and their finances, or what your specific family money values are, today’s episode will help clear things up. I’m going to be sharing my answers to questions we received about helping your teens budget, how to prepare financially for the death of a loved one, whether or not spending money on unnecessary things for your kids is frivolous or not, plus so much more.

Moments You Don't Want to Miss

  • [02:01] How do you teach teens about budgeting as they start earning their own money?
  • [04:42] What are some tips for teaching young kids about money right now when going to the store to use cash is not super practical?
  • [08:41] What are some ways to prepare for the death of loved ones and make the process as smooth as possible?
  • [12:57] Is life insurance for kids necessary?
  • [16:58] What is the value of prepaid burial plans for adults?
  • [19:18] What are some things people who are good with their finances will spend money on for their kids that aren’t entirely necessary?

Links & Resources Mentioned

What Are Your Family Money Values?

Family Money Values - FB

Grab our free Family Money Values Template and create a strong foundation for your family’s healthy money habits!

Have You Subscribed Yet, Mama?

Are you subscribed to the Smart Money Mamas podcast? If you’re not, I want to encourage you to head over to Apple Podcasts (or wherever you listen to your podcasts) and subscribe! I release episodes twice and week and as a subscriber, you’ll be notified right away so you can take checking the feed for new content off your mental to-do list. 

Click here to subscribe on Apple Podcasts, Google Podcasts, or Spotify!

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