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:

  1. No. We do not have money for that.
  2. No. You don’t need that.
  3. Maybe you can ask for it for your birthday/Christmas.
  4. 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.

About Erik Garcia

Hi there, I'm Erik. How you manage your money and other resources impacts practically every aspect of your life. I help individuals and families invest plan for a more secure and predictable financial future. Thanks for taking time on my site!

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