Today, Erik and Jag are joined by licensed family therapist Roy Salgado to discuss how we can teach our kids healthy financial habits.
There are 4 common responses to kids when they want you to buy something:
- No. We do not have money for that.
- No. You don’t need that.
- Maybe you can ask for it for your birthday/Christmas.
- How about you start saving your money and you can buy it when you have enough.
We break down each of these responses and the healthy traits they coincide with.