5 Tips for Helping Your Kids Become Financial Grownups
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Kids are expensive! It costs $310,000 to raise a child from birth to age 17. At some point, the goal is for them to become financially independent and stop needing you for money.
And that’s what we’re talking about today. If you want to live your best financial life as an empty-nester and make sure your kids are ready to fly on their own, we’re here to help.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today’s special guest is Bobbi Rebell, a financial journalist and author of the book “Launching Financial Grownups.”
Remember, even though we sometimes talk about money and specific investments on this show, don’t take them as recommendations because they’re not. Before investing in anything or making any money moves, do your research and make your own decisions.
You can watch this episode below, or if you’d prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
Don’t forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
How are you managing kid costs?
Children can be expensive. You might be trying to figure out how to manage costs for your kids — or even your grandkids. As parents, we’re responsible for the well-being of our children, and that can mean spending money.
Save money on your kids
We’ve got a ton of tips for saving money while raising your kids. Check out these resources:
Teach your kids about money
Helping your kids become financial grownups is about teaching them the right lessons about money. We have several articles on the website that can help you teach your kids the best approaches to money.
Meet this week’s guest, Bobbi Rebell, CFP
Bobbi Rebell is a certified public accountant, the author of “Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart,” a financial literacy advocate, the host of the “Money Tips for Financial Grownups” podcast and the founder of GrownupGear.com. Bobbi was previously a global business news anchor and personal finance columnist at Reuters and held various journalist positions at top news outlets including CNBC, CNN and PBS.
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About the hosts
Stacy Johnson founded Money Talks News in 1991. He’s a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
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