How to Teach Your Tween or Teen About Money

When is the right time to educate your kids on money? The truth is: not everyone’s approach to teaching financial responsibilities has to be the same. Some people start giving kids allowances early on and teach as early as possible, and some prefer to keep their kids blissfully unaware until they’re a little older. So there’s really no right answer. But when we’re ready to teach our tweens (or teens) about how to make the sound financial decisions, it’s helpful to have a framework You may be asking yourself: How do I start? How much money do I want to give them access to? How much can I control their spending? How often do I step in to bail them out? I’ll answer those questions for you today. In this episode, I’ll show you 4 concepts you can use to teach your tweens and teens financial responsibility. I’ll also show you how to help your kids get a handle on spending and learn important financial principles for wealth building over time. Listen in… Show Highlights Include: 4 solid concepts you can deploy to effectively teach your kids financial responsibility and help them make better financial decisions. (2:58) How to get your child to understand money by earning (so they can start to learn financial responsibility). (6:28) How to get your kids to build the habit of giving back. (14:45) Two powerful reasons for accruing money you can teach your child. (17:16) Why you should encourage your child to spend some of the money they’ve earned (instead of saving every penny). (21:16) My favorite ‘debit card on training wheels’ you can use to get your kids prepared for having a credit card on their own (while controlling their spending now). (24:29) Get the Greenlight app and card referenced in this episode:  https://share.greenlight.com/126614900 Interested in coaching with Brilliant Balance? Schedule an exploratory call here: www.brilliant-balance.com/schedule  Subscribe to The Brilliant Balance Weekly and we’ll deliver it to your digital doorstep each Tuesday: www.brilliant-balance.com/weekly  Need a few moments of peace? Listen to our free 5-Minute Meditation: www.brilliant-balance.com/breathe/  Follow us on Instagram: www.instagram.com/brilliant_balance  Join our private Facebook Group: www.facebook.com/groups/281949848958057 

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You deserve a big, full life and the freedom to enjoy it. The Brilliant Balance Podcast helps women in leadership design their next chapter for sustainable success—without burnout. Every week, host Cherylanne Skolnicki, a leading expert in work-life balance, leadership growth, and mindset coaching, shares ideas, inspiration, and insights to help high-achieving women align their ambition with personal fulfillment. Through conversations on leadership mindset, time management, and personal growth, you'll gain the tools to thrive in both your career and personal life. Whether you're considering a career pivot or craving more time for your personal life, you might find yourself asking: How do I advance my career—without working 24/7? Can I achieve my goals while still having time for my family? How do I stop feeling overwhelmed and start feeling in control? What’s next for me—and how do I design it intentionally? If you’ve ever wondered how to fulfill your potential without breaking your life, this podcast is for you. In addition to sharing her own insights, Cherylanne sits down with experts, thought leaders, and ambitious women who reveal their strategies for burnout recovery, productivity for women, and redefining success on their terms. You’ll love the Brilliant Balance Podcast if you like podcasts like: Unlocking Us or Dare to Lead with Brene Brown, Women at Work by Harvard Business Review, The Midlife with Reshma Saujani, We Can Do Hard Things with Glennon Doyle, The Mel Robbins Podcast, HerMoney with Jean Chatzky, So Money with Farnoosh Torabi