POPULARITY
Laura interviews John Lanza, an author and creator who's on a mission to empower kids and families to have more financial wellness and lead fulfilling lives.Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at (302) 364-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links:https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDThttps://twitter.com/LauraAdams
Welcome to a very special episode! Three experienced dads (teens and above) chat about teaching teenagers or people new to money management, good lessons to take with them for the future. They discuss their fears, their challenges, and the ways they've been able to help their kids succeed with money. Jon Acuff wrote a book on this topic with his daughters, and he shares a wealth of information from them. John Lanza (Art of Allowance podcast) just became an "empty nester" and shares how his kids successfully launched as well. Joe Saul-Sehy is the father of nearly 30 year old twins, who are also doing well with their money. They share do's, don'ts, and much much more. 00:00 Introduction to the Episode 01:13 Meet the Hosts and Their Parenting Fears 02:02 Introducing the Celebrity Guest: John Acuff 03:55 Discussing Parenting and Money with John Acuff 06:39 John Lanza on Parenting and Empty Nesting 08:31 The Challenges and Realities of Parenting Teens 17:48 Repetition and Real-Life Lessons 22:09 Finding Opportunities in Everyday Tasks 22:19 The Value of Hard Work and Money 22:38 Parenting and Teaching Financial Wisdom 23:28 Kids' Perception of Parental Advice 27:12 Encouraging Self-Awareness in Teens 30:07 The Importance of Role Models 32:23 Navigating Teen Challenges with Support 38:38 The Fast Gauntlet: Quickfire Questions 42:18 Final Thoughts and Takeaways FULL SHOW NOTES: Add show notes url here. Be sure to please include https://www at the beginning of the show notes url that makes it clickable on YouTube Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
Personal finance education in schools is finally getting some attention, but the best financial education starts at home. On today's special prelude-to-summer-vacation roundtable discussion, we're joined by three experts in the field of kids and money. Joining us today are John Lanza from The Art of Allowance podcast, the founder of the Wealthy Kids Investment Club Maya Cobic, and money educator Rob Phelan. In the second half of the show, sponsored by DepositAccounts.com, we talk about how to teach kids about money in the digital world. And you won't want to miss Doug's toothy finance-related trivia question! FULL SHOW NOTES: https://www.stackingbenjamins.com/your-kids-and-money-1516 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
As we buckle up and prep for fall we think "curriculum." What lessons do we need in our life? What lessons do our children need from us? Whether you're headed back to work or back to school, we're diving into helping those around you do better with money. John Lanza, host of the Art of the Allowance podcast joins us to talk families and money...and even if you don't have a family OR money, there are LOTS of lessons in this discussion. In our headline segment we remember that HOW we pay can sometimes be as important as WHAT we are buying. Fraud is through the roof, so we discuss the different ways you can settle up with a merchant, so you have smooth transactions. Of course, we answer a (very creative) Haven Life line call for help AND Doug also spoon feeds us some trivia. FULL SHOW NOTES: https://www.stackingbenjamins.com/allowances-and-raising-money-smart-kids-john-lanza-1396 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
John Lanza the Chief Mammal at https://themoneymammals.com/ joins us to talk about the importance of fun and effective financial literacy. Also, a short interview with Joe The Monkey! This show is why webinars and powerpoint send me hate mail. Conference qualtiy information without the expense report! Must hear episode!
In this episode of Money Tales, our guest is John Lanza. John is on a mission to help parents raise money-smart kids and help families live happier, more fulfilled lives. He and his wife were inspired to develop Money Mammals, a kid friendly brand centered around financial education, when their firstborn was six months old. They wanted to be sure to raise their daughter to be money smart, and John came up with the idea of Money Mammals as a way to get kids excited about money. It worked!John is the author of The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids, host of The Art of Allowance Podcast and creator of The Art of Allowance Project featuring The Money Mammals and now the new program for tweens and teens called Adolescent$. The Art of Allowance Project is a nationwide program for credit unions that helps them connect with families to help parents raise money-smart kids of all ages. An expert on youth financial literacy, John's work has appeared in the NY Times, LA Times, The Wall Street Journal, CU Broadcast and CU Insight.John, an avid runner, boardgame enthusiast, is the Chief Mammal of Snigglezoo and he lives in Los Angeles with his wife and Money Mammals co-creator, Eileen and their two daughters who have inspired and informed his work.Learn more about Money Tale$ > Subscribe to the podcast Recent episodes See all episodes > Form CRS Form ADV Terms of Use Privacy Rights and Policies
In this episode of Money Tales, our guest is John Lanza. John is on a mission to help parents raise money-smart kids and help families live happier, more fulfilled lives. He and his wife were inspired to develop Money Mammals, a kid friendly brand centered around financial education, when their firstborn was six months old. They wanted to be sure to raise their daughter to be money smart, and John came up with the idea of Money Mammals as a way to get kids excited about money. It worked! John is the author of The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids, host of The Art of Allowance Podcast and creator of The Art of Allowance Project featuring The Money Mammals and now the new program for tweens and teens called Adolescent$. The Art of Allowance Project is a nationwide program for credit unions that helps them connect with families to help parents raise money-smart kids of all ages. An expert on youth financial literacy, John's work has appeared in the NY Times, LA Times, The Wall Street Journal, CU Broadcast and CU Insight. John, an avid runner, boardgame enthusiast, is the Chief Mammal of Snigglezoo and he lives in Los Angeles with his wife and Money Mammals co-creator, Eileen and their two daughters who have inspired and informed his work. See all episodes >
In honor of Financial Literacy Month, The Cornerstone League Podcast features Snigglezoo Founder and "Chief Mammal" John Lanza, and GreenPath Business Development Specialist Andrew Manthei who share their definitions of financial literacy and what credit unions can do to help promote financial well-being for all.
For a lot of us, the topic of money was never spoken about with our parents, and the pattern of avoidance has continued with our own kids. While we want our children to handle their money well, we might not know where to start. In this week's episode, John Lanza, author of The Art of Allowance discusses his method of encouraging our kids to make wise choices about their money, as well as how to get them used to budgeting before they need to pay bills of their own. Come Join Me on Youtube! https://www.youtube.com/c/PopcornFinance Have a Question? Send me a message at PopcornFinance.com/Voicemail Connect with me Instagram - @PopcornFinancePodcast Twitter - @PopcornFinance Facebook - Popcorn Finance
The children are our future. It’s a horrible cliche, I know. But if your financial brand doesn’t successfully engage the youth… You don’t have a future. In the latest episode, I catch up with John Lanza, The Money Mammals Kids' Club and Shari Storm, CEO of Category 6 Consulting, and learn why the often-overlooked youth demographic is the key to future success for any financial brand. We discuss: - How parents (especially moms) shape their children’s financial habits - Why the youth of today have different brand expectations - The value of focus groups You can find this interview and many more by subscribing to Banking on Digital Growth on Apple Podcasts, on Spotify, or here. Listening on a desktop & can’t see the links? Just search for Banking on Digital Growth in your favorite podcast player.
In today's interview, John Lanza, author of The Art of Allowance and creator of The Money Mammals, and I talk about tips to help parents raise money-smart kids. We discuss: How to give your child a head-start in understanding money The importance of teaching kids about spending, sharing, and saving Different ideas for age-appropriate allowances A quick tip to avoid impulse purchases Please subscribe to Allison Loves Math so that you never miss an interview! Get Allison’s FREE Love Math Quick Start Guide at allisonlovesmath.com.
See omnystudio.com/listener for privacy information.
In this age of instant gratification and digital technology, parents are in a constant dilemma in raising kids who could see the importance of money and make use of it wisely. If you are a parent who finds it weird or reluctant to talk to your tweens about money or you are having difficulty explaining to your sixteen-year-old daughter that she can't have a brand new, expensive smartphone like her friend has, this episode is for you. Today, John Lanza will introduce a system that will help you teach your kids to learn and understand how to deal with money and how you can best support them to make smart money choices. John Lanza is the Chief Mammal of The Money Mammals and author of the new book for parents, “The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids.” Connect with John Lanza: https://themoneymammals.com/ (https://themoneymammals.com/) Join us LIVE each week in our Facebook Group … https://www.facebook.com/groups/blissfulparenting (https://www.facebook.com/groups/blissfulparenting) Connect with Blissful Parenting: Free Workshop ► https://www.blissfulparentingworkshop.com/ (https://www.BlissfulParentingWorkshop.com) Website ► http://www.theblissfulparent.com/ (http://www.TheBlissfulParent.com/) Blog ► http://www.theblissfulparent.com/blog (http://www.TheBlissfulParent.com/blog) Podcast ► http://www.theblissfulparent.com/podcast/ (http://www.TheBlissfulParent.com/podcast/) Contact ►http://www.blissfulparenting.com/contact (http://www.BlissfulParenting.com/contact) Follow Us On Social Media: Youtube ► https://www.youtube.com/theblissfulparent (https://www.youtube.com/theblissfulparent) Facebook ► https://www.facebook.com/theblissfulparent (https://www.facebook.com/theblissfulparent) Instagram ► https://www.instagram.com/theblissfulparent/ (https://www.instagram.com/theblissfulparent/) Twitter ►https://twitter.com/blissfulparent (https://twitter.com/blissfulparent) Thanks for listening! Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a note in the comment section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe to the podcast app on your mobile device. Leave us an iTunes review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.
Do you want to raise your kids to be smart about money, but don't know where to start? If so, today's episode is for you. Our guest John Lanza of Snigglezoo will help us learn the ins-and-outs of financial education for kids and his book The Art of Allowance. We discuss when we should start talking about money with our children, the real purpose of allowance (hint: it's not to get your kids to do chores), and how to help our kids learn about money when maybe we don't feel like we're doing everything right ourselves. About the Guest: John Lanza is on a mission to help families raise money-smart, money-empowered kids so they can live happier, more fulfilled lives. To that end, he has written The Art of Allowance along with three other children's books. John is the creator and Chief Mammal of The Money Mammals, an award-winning DVD and youth savings program for credit unions nationwide, all built around the core Money Mammals mantra, “We'll Share & Save & Spend Smart Too!” John's mission began with a simple question, “How can we raise our kids to be money smart?” He and his wife realized quickly that financial literacy was vital not only for their own six month old but for all families and The Money Mammals were born – a pioneering program to get kids excited about becoming money smart. Then The Great Recession hit. It further underscored the need for financial literacy learning for all Americans and it provided the backdrop for John to begin testing out the basic tenets of what would become The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids with his kids, now fifteen and thirteen. With so many families falling prey to the dangers of our consumer-oriented society, John found that his message was resonating, including the importance of teaching kids the impermanence of stuff, the things we own. Because children are targeted at such a young age with messages with messages to spend, it's now clear that parents should start early in order to raise money-smart, money-empowered children. IG @themoneymammals FB https://www.facebook.com/themoneymammals YouTube https://www.youtube.com/channel/UCEzSA4c8GUWSCgVchdJULfA https://www.pinterest.com/themoneymammals/ Website https://themoneymammals.com/ About the Host: Janice Scholl has spent her entire career talking about money and business. Through her time as a commercial banker, consultant and mentor to budding entrepreneurs, she helped clients create solid business and financial strategies to help propel their business to success. While working with aspiring female entrepreneurs, Janice noticed that the same four themes kept repeating: Many women are uncomfortable with finance, both in their business and in their personal life. Women want access to more women mentors and advisors. Women often start businesses because they feel the corporate world doesn't fit their lifestyle. Few are motivated by purely financial reasons. Mothers didn't want money to drive their family decisions. From these themes The Money, Career, & Motherhood Podcast was born. Now Janice spends her time helping mothers gain confidence and understanding about money, career, and business topics as they relate to motherhood and family – the way many women actually think about money. Janice loves helping mothers implement business and financial strategies within their families to help each family member thrive. IG @moneycareermotherhood FB facebook.com/moneycareermotherhood/ Money Career & Motherhood FB Community www.facebook.com/groups/moneycareermotherhood Website www.moneycareermotherhood.com Resource Links Thanks for listening! Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe from the podcast app on your mobile device. Leave us an iTunes review Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.
We talk to the creator of The Money Mammals, John Lanza. The Money Mammals are designed to help teach young people about money through songs, videos and books. Click here to check out The Money Mammals site.
Keeping track of various investment accounts can be complicated. Simon Boulet, CEO of Wealthica, is here to tell us how his fintech start-up will make it easier. And, how to raise your money smart kids. John Lanza introduces us to his Money Mammals, a cast of cute, cuddly animals that know a thing or two about personal finance. Then, managing the change from worker bee to retiree. Patricia Doyle, author of Retirement Transition, is here to share her tips on how you can best prepare for this stage in your life. Plus, Steven Arnott shares his Snowman’s Guide to Personal Finance. And, global asset manager Legal & General on why they are taking the Climate Impact Pledge. Click here to listen to the other episodes and segments. Visit Moolala by clicking here.
On this episode, I chat with John Lanza. John is a well-known expert on youth financial literacy, and the co-founder of Money Mammals, a company on a mission to help parents raise money-smart kids. He is also the author of The Art of Allowance, a book that teaches parents how to set their kids up for financial success at an early age. John has spent over a decade talking to parent groups and credit unions about the importance of raising money-smart kids. He teaches the value of starting money-smart conversations early to empower youth and families to be wise about their finances. In this conversation, John shares the dos and don'ts behind an allowance that works and sticks. He talks about the biggest mistakes parents make when they teach their kids about money and the best age to start teaching your kids financial literacy that will last them the rest of their lives. We discuss his techniques to help children distinguish between needs and wants to help raise non-spoiled financially autonomous children. John gives great advice to parents with teens who compare themselves with peers, to better understand the value of larger purchases. If you have kids in your life you'd like to start teaching the art and science of money, you'll wish to listen in. John’s Three Jar Method When it comes to starting your children’s financial journey, John has a three jar method as a starter financial framework: The Save jar - teaching children to pay themselves first The Share jar - to understand charitable giving The Spend Smart Jar - giving children spending power to buy small items John’s Three Fundamental Principals All parent's frameworks are not exact, but there are three core principals that should be a part of every plan: Distinguishing between needs and wants Setting and saving for goals Being intentional about choices and making money-smart decisions Using the S.M.A.R.T Goals Method When teaching children about the value of purchases, using this acronym can help children understand how to set a goal for saving and successfully reach it while getting a feel for planning to reach their goal. Specific - setting a specific goal to reach Measurable - being able to measure progress to reach the goal Attainable - understanding what’s attainable Relevant - Is the purchase relative to their wants or needs Time-based - understanding the time it takes to reach the goal For show notes and more info visit: http://wealthywellthy.life/167
When it comes to raising kids that understand the value of money and know how to save, give and spend like a boss... John Lanza the author of the Art of Allowance and the Money Mammals will show you how. This is the second time we've had John Lanza on the show and I'm telling you that you will want to tune into this one for sure!
John Lanza is on a mission to help families raise money smart, money-empowered kids so that they can live happier, more fulfilled lives. He has written the art of Allowance along with three other childrens picture books. On Today's episode we discuss the importance of not tying allowance to any sort of chore, but to use it empower your children to manage their money with mastery. https://www.famvestor.com/043 Links: John's Website: https://themoneymammals.com/ Art of Allowance Book: https://amzn.to/2wc7UA5 First National Bank of Dad Book: https://amzn.to/2ORyt41 Your Money & Your Brain Book: https://amzn.to/3bzDesY Atomic Habits Book: https://amzn.to/2SosMN7 Microshares: https://www.stockpile.com/
Hello and welcome! This is the Millennial to Millionaire Podcast and on this very special episode I am joined by none other than John Lanza! John is amazing and is a huge advocate of financial literacy just like yours truly. The major distinction is that he is taking it all the way to the beginning. John is the creator of the Money Mammals and an author of the book “The Art of Allowance”. John believes that the foundation for financial literacy can be built at a young age and after seeing the value in it for his 6 month old he went on to help parents everywhere. John cares a lot about what he does and you can tell by the way he talks about what he does. In the episode we discuss allowance, how money conversations are becoming less taboo, and gives practical tips and guidance for managing money. I know a lot of us wish we learned about money earlier so this is actually huge. Give it a listen and I am sure you will learn something! The link to Johns work: https://themoneymammals.com #KEEPITONEMILLION --- Support this podcast: https://anchor.fm/paris-grant/support
John Lanza and his wife had a desire to help their kids to be money smart. John’s background was in entertainment and so they came up with the audacious idea of taking something relatively boring like financial literacy and make it fun. They wanted to teach their kids about how to use their money wisely, how to save, and how to be able and willing to be charitable toward others. The result was their company “Money Mammals” with Joe the monkey, a few friends, and some fantastic songs that help to teach kids on many levels all about how to be money smart. Join us as we talk with John about his company, his philosophy, and have many great laughs along the way!
Teach them when they are young.That's the approach to financial education taken by John Lanza of the Money Mammals, where the focus is on financial education for children 11 and under.A key: the education becomes a family project. That means credit unions - and credit unions can sign up with the Money Mammals to access its library of teaching materials and workbooks - will be attracting younger adults with small children.The material also is branded with the credit union name.And the financial education itself of course is a key credit union mission.Lanza stresses that good as it is for kids to get financial education in school, it's crucial that they also get it at home because they need some money to learn with. Call it allowance and know it can be small. But that money becomes a teaching tool.Lanza said he presently is working with 15 credit unions and he wants more. Some are under $200 million, one is bigger than $3 billion. So the program will work in just about any size institution.Give a listen and just maybe you will be persuaded to focus on financial ed and children, the Money Mammals way.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available.Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto
Everyone wants money smart kids, but not everyone knows how to teach them the skills. In this episode, John Lanza joins us to discuss how parents can begin to teach their kids right from wrong with money. Give it a listen! #YouAreYoungMoney
Are you worried that your child is accumulating too many things? Do you wonder if you’re spoiling your child? John Lanza, author of The Art of Allowance, joins the show to give us an overview of his Money Mammals empowerment kit that teaches children how to share, save and spend. This is a great place to start if you want to lay a foundation for money management for your child. Show Notes: http://smartmoneyquestions.com/podcastposts/episode-111-teaching-children-lessons-about-money-with-john-lanza/ Today's Rundown: 0:29 – Introducing today’s guest, John Lanza. 1:10 – Give us the background on how you got this all started. 3:31 – How young can children be to start learning these smart money basics. 5:12 – Has the teaching process changed at all as we move further and further away from physical money? 6:57 – It’s important to children to see the transaction happen with the money in your hand so they can see that money has to go in. 7:38 – At what age should an allowance start and does it still need to be tied to something like chores? 11:53 – At what point do you want the budgeting lesson to begin? 15:27 – How does the conversation go in regards to the sharing side of money? 17:50 – Do you talk about how giving actually makes you a happier person? 20:18 – Sharing and giving is an important lesson to learn early on. 22:10 – What’s your relationship with credit unions? 25:21 – How to find this program Money Mammals. 26:17 – John also has a podcast.
The Family Brain is a podcast about how the mental well being of one family member affects the entire family system. This is a supportive community to share research, resources, stories, and life hacks for keeping the family brain healthy. Hosted by Megan Gipson, LCSW, Ed.M Learn more about your ad choices. Visit megaphone.fm/adchoices
Do you give your kids an allowance just for doing household chores? John Lanza, host of Art of Allowance, says it's time to rethink that. And start talking about saving, giving and responsible spending of money as early as 4 or 5 years of age. Learn how to be 'smart parents' in order to teach your children about how to make the best financial decisions as they grow into adults on this episode. You can follow this show on Twitter and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here.
John Lanza and his wife recognized early on that they had very different money personalities. When they became parents 16 years ago, they agreed they wanted to raise money-smart kids and they wanted to find a way to make it fun. From there, they created The Money Mammals where John serves as Chief Mammal. The Money Mammals is a cast of animal characters who sing, dance and talk about financial literacy. Their mantra is "Share & Save & Spend Smart Too!" The Money Mammals has been licensed to credit unions across the country and has also been adopted by many schools. Get links to resources in the show notes at https://successfulgenerations.com/episode070.
The His & Her Money Show: Managing Money, Marriage, and Everything In Between
On today’s episode of The His & Her Money Show, we talk with John Lanza from The Money Mammals about the power and practice of raising money-empowered and money-smart kids. EPISODE SHOWNOTES: https://www.hisandhermoney.com/400 THANKS FOR LISTENING! Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post. Today’s show was sponsored by Crush My Mortgage. If you are ready to accelerate the process of paying off your home mortgage and become truly financially free once and for all then enroll in our brand new online course Crush My Mortgage.
Using an allowance to teach kids about saving, smart spending & charity. How-to & how-not-to do an allowance. Saving for goals. Visualization. Budgeting & investing for teens & tweens.
In the second hour, Chris & Lisa welcome John Lanza, Founder of themoneymammals.com & author of The Art of Allowance. He answers some great questions on how to raise money-smart, money-empowered kids so they can live happier, more fulfilled lives. John shares information on the myths of giving allowance, what age is the best to start teaching kids about money, and should allowance be tied to chores. Lisa shares a great article on "3 Home Renovations That Will Help You Live Independently As You Get Older" from Money.com. #themoneymammals #moneymagazine #allowance #smartmoneykids
Should kids work for their allowance, or should it be unconditional? Today's guest John Lanza Author of “the Art of Allowance”, and creator of the award winning “Money Mammals,” will challenge your thinking , and encourage parents and kids to talk about sharing, saving and spending money intentionally. John Lanza is on a mission to help families raise money-smart, money-empowered kids so that they can live happier, more fulfilled lives. To that end, he has written The Art of Allowance along with three other children's picture books. John is the creator and Chief Mammal of the Money Mammals, an award-winning DVD and youth savings account program for credit unions nationwide, all built around the core Money Mammals Mantra: We'll share and save and spend smart too. You can find John on his WEBSITE, FACEBOOK, and his PODCAST. Talk About It: Each week we challenge you to set a time with your spouse to have a conversation that matters. Here's your conversation starter question: What values do we want to teach our kids, when it comes to money?
If you’ve ever felt like kids assume you’re made of money, they beg for more stuff, and seem to have no appreciation for what they have, this episode is going to help you form a simple plan to change that. In this episode, John Lanza from www.themoneymammals.com/ talks about how to create money habits in your family that will help kids learn to save, spend, and give money in an intentional and easy way. Money isn’t often talked about at home, or until kids are much older, but here John shares how to start talking about money, and helping kids manage their own money as early as 5 years old using his money mammals program. In this episode you’ll learn: *when and how to start doing allowance (which doesn’t involve giving kids money freely or paying them to do household tasks) *How to let kids practice money skills in a lower-stakes environment so when they become adults they’ve developed good money habits *how to change this system as kids grow into teen years
As parents, part of our job is to raise money-smart kids who are well-versed in saving, sharing, and spending smart. That process can be daunting, especially if we do not come from a background of sound financial decisions. But have no fear, friends, because we are here to help. WHAT YOU WILL LEARN: The building blocks to learning (and teaching) about money The biggest mistakes parents make when it comes to teaching their kids about money. Why allowance is the best tool to teach kids about money. The way to structure allowance for maximum effectiveness. When should parents start an allowance, and how much should they give? What to do if your kids are teens or tweens and you have not yet started teaching them about money. How to teach kids to save and make charitable contributions in addition to smart spending. Show notes available here: http://www.lynnettesheppard.com/episode21/
Did you know that 50% of college students in the US do not graduate within 6 years? 50%. The main reason for this? The financial cost. In this episode I spoke with Abby Chao, co-founder and COO for CollegeBacker. An online service that makes saving for college simple, smart, social and accessible. Her approach is a modern, tech-forward approach. Crowdfund your savings fund! I know that more people are beginning to question the relevance of university or college. The technological world is moving at such a fast pace that many large, old institutions are having a hard time keeping up. But the largest uncertainty is the huge cost and debt load that many carry because of college. In this episode Abby and I talked about her company, CollegeBacker, the importance of saving for education and how they utilize a new approach to saving- by leveraging your social network. How The Seed Was Planted Abby's interest in investing began as a teenager. She credits the Illinois Math and Science Academy. A state funded school for "math and science nerds". Abby says it allowed students to pursue their passions, collaborate and research. It was an introduction to the book Rich Dad Poor Dad from her grade 7 math teacher that first peaked her interest in finance, investing and business. But it wasn't until she worked as a social sector fellow with McKinsey & Company that her passion crossed into the education field. The sector fellow focused on k-12 education. It helped her understand public education throughout the country. She saw disparity in education. Financial disparity. Many schools across the country were not preparing kids for life after school. She saw how special her education experience had been. CollegeBacker CollegeBacker is a college savings vehicle in the US. It is a 529 fund that helps to save but also gives the tools to rally friends and family to help you. In this episode Abby talked about: Why have a savings plan for college? Flexibilities with this fund~ What happens if your child decides not to go to college? How you can leverage social networks to help save The power of belief and expectations to support kids Unique ways that families can save for post secondary no matter where you live in the world Abby is leaving listeners with a gift. Visit collegebacker.com/honeyimhomeschooling I'd love to hear your feedback. Do you feel that post secondary is an important part of your or your child's future? How are you planning to handle the financial aspect? You can email me through here. Check out my episode with John Lanza on~ How To Raise Money Smart Kids References CollegeBacker.com Illinois Math and Science Academy Rich Dad Poor Dad Book Kiva Micro Loans
The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Here's a little something new at The Art of Allowance Podcast. This is the first of our mini episodes, which we're calling “Small Change.” Each “Small Change” episode is shorter than our typical interview-format shows and is filled with bite size chunks of nutritious info. Think of them as yummy snacks (please ignore my mixing of metaphors). In this first taste of “Small Change,” host John Lanza selects his top takeaways from the first five episodes of The Art of Allowance Podcast. Please let us know what you think of “Small Change."
In this episode, Saren interviews John Lanza, author of The Art of Allowance and founder of The Money Mammals, about how we can raise financially literate children. John talks about how we can teach toddlers to teens how to share, save and spend smart through everything from fun songs and stories to purposeful modeling of wise financial practices to regular discussions about needs and wants to providing kids with a regular allowance. For full show notes, please visit poweroffamilies.com
When I first met John Lanza, Creator and Chief Mammal of The Money Mammals, I realized how cool his platform was. Having kids myself, I know how important it is to teach kids about money management, especially when allowance is involved. And, let’s face it, most of you have kids yourselves (or obviously have a classroom full of kids), so what John has to say may be right down your alley. Please check out the show, but be sure to also subscribe to the show.
Ask me a question! PopcornFinance.com/Voicemail John Lanza, author of The Art of Allowance, joins me to share some of his best tips and strategies to help your child build a strong relationship with money through an allowance. Full Show Notes at https://PopcornFinance.com/119 Connect with me Instagram -@PopcornFinancePodcast Twitter - @PopcornFinance Facebook - Popcorn Finance
How do you bring up the concept of money with your kids? John Lanza joins us to talk about age-appropriate conversations about money, allowance, and how important it is to have your kids learn how to save up for a goal at an early age. Then the panel discusses kids and investing. For more information, visit the show notes at https://moneytreepodcast.com/241
This week we're talking about parenting and teaching our kids about money. Setting a strong financial foundation for our kids can have a profound impact on their financial decisions and circumstances later in life. To help us out, we're joined by financial literacy expert, John Lanza. John is the author of the book The Art of Allowance and also has a fun cartoon show for kids called Money Mammals. John has some excellent tips for parents looking to start teaching their kids about money, and how to save, spend and give.
In Ep. 62, Tim talks with John Lanza. John is the creator of The Money Mammals program and the author of the book The Art of Allowance. They discuss how the program gets children excited about learning money smarts at a very young age. The book outlines for parents how to address allowance with their children. They discuss the right age to begin talking to kids about money, the core building blocks of learning about money, proper ways to incentivize allowance, and much more!
John Lanza wants to help families raise money-smart, money-empowered kids so that they can live happier, more fulfilled lives. John is the creator of the Money Mammals and the author of The Art of Allowance. I want to tell you everything about the Money Mammals because I like them so much, but it's probably best that you listen to the interview and then go to Youtube and search for the Money Mammals. Describing them as puppets who are in a band and sing and play songs about money, just doesn't feel like I'm doing them justice. There is a Money Mammals DVD, 3 books for kids and now for parents the new book The Art of Allowance, which provides an allowance framework to find the right way for you to set up an allowance system for your kids. There is also a companion Art of Allowance podcast where John interviews parents about their allowance systems and what's working, or not working, for them. The thing I noticed most about all of John's money resources for kids is how well designed and produced everything is. From the websites to the videos,songs, interactive games, and books, it's just an amazing collection. John joined me from Los Angeles to tell his personal finance story. NEXT EPISODE 74 - Larry Bates
This week I sat down with author and Chief Mammal, John Lanza to discuss how to teach your kids about money. John is the Chief Mammal of The Money Mammals and author of the new book for parents, The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids. A pioneer in youth money-smarts, John created the original Money Mammals DVD and has written three children’s picture books to help kids learn to “Share & Save & Spend Smart.” He is recognized nationally as a youth financial literacy expert and the Money Mammals have been featured in The New York Times, The Wall Street Journal and The LA Times. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How John became an expert in youth financial literacy Some of the building blocks to teaching kids about money The three core money smart skills for kids to learn The importance of establishing a financial literacy foundation Teaching your children the Three Jar method The real purpose behind an allowance Why chores and allowance shouldn’t always be linked A recommended amount to give for allowance The best age to start with an allowance for your child How to approach the share jar with your child and at what age Some common mistakes parents make when teaching kids about money When to let your kids “borrow” money from you The right circumstances to give your kids a loan How to talk to your kids about investments (even if you’re not an investment guru) LINKS WE MENTIONED ON THE SHOW: The Art of Allowance Kimberly Palmer’s Podcast Episode Bill Dwight’s Fam Zoo GET SOCIAL WITH JOHN AND LET HIM KNOW YOU HEARD ABOUT HIM HERE John's Website John's e-mail
Do you want to teach your kids about money? Then this podcast is a must-listen for you. John Lanza, the chief mammal at The Money Mammals, suggests we start talking to kids about money when they're in preschool (after all, they're already being bombarded with advertising that's encouraging them to spend, spend, spend). Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 https://www.themoneymammals.com/ https://ve.linkedin.com/company/themoneymammals https://es-la.facebook.com/themoneymammals/ john@snigglezoo.com https://twitter.com/johnlanzajr https://twitter.com/themoneymammals https://www.instagram.com/themoneymammals/ https://www.amazon.com/Money-Mammals-Saving-Fun/dp/B000EU82F6 https://theartofallowance.com/ Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed Show Notes Where this idea came from - 1:55 Learning early about money - 3:05 Appropriate age to start the process - 3:55 Kids become aware at a very early age - 4:55 Emergent financial illiteracy - 6:10 Comfortable with money conversations - 6:47 Mistakes when teaching kids about money - 9:27 Spend, invest, save or give it away - 11:31 Share, save and spend smart - 11:55 Discussing common myths - 13:25 Work to make your money - 14:01 Learning to be smart with your money - 15:00 Where to get John's Book - 16:42 What's inside his book? - 18:02 Giving the money back - 19:30 Saving as much as possible- 21:20 The Money Mammals Program - 21:54 Teaching in schools - 23:00 A program that also teaches parents - 23:20 An open conversation about money with your kids - 28:09 Get in touch with John Lanza - 30:24 Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS
Shortly after John Lanza’s first daughter was born, he and his wife decided that they wanted their children to be smart with money. With a background in animation, entertainment, and education, he set out to make learning about money fun. To do this, he created the Money Mammals, which teaches sharing, saving, and spending smarts to children through videos, products, and resources. To help parents put these lessons into practice, he wrote The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids. Today, John joins the podcast to talk about his unique journey into childhood financial education, how he fills a much-needed educational niche for parents and kids alike, and how he’s working to teach children about the value of money in a world where so many people barely even touch cash. In this podcast interview, you’ll learn: How John and his wife’s different upbringings and spending behaviors led him on a journey to teach his children to be intentional with money. The moment John realized that other parents were facing the same challenges he was - and what he did about it. Why John recommends you start your children on a physical allowance before they ever receive digital cash. How the Money Mammals gradually, naturally, and organically became a sustainable business for John and his wife - and why the Great Recession was such an eye-opener that showed why financial literacy is more important than ever. How to transition to breakthrough allowance when your children become teenagers - and have smart, productive conversations about money with your kids. John’s advice for parents who want to teach their children about investing, college education, and the dangers of student debt. If you enjoyed this podcast, be sure to rate and review, and send us all your questions at questions@bayntree.com - it may become the topic of an upcoming episode! Full Episdoe Page:
John Lanza, is on a mission to help families raise money-smart and money-empowered kids so that they can live happier, more fulfilled lives. To that end, he has written The ARt of Allowance along with three other children's picture books. John is the creator and Chief Mammal of The Money Mammals, an award-winning DVD and youth savings account program for credit unions nationwide, all built around the core Money Mammals Mantra, “we'll share and save and spend smart too!” John's mission began with a simple question “How can we raise our kids to be money smart?” He and his wife quickly realized that financial literacy was vital not only for their own six month old but for all families and The Money Mammals were born - a pioneering program to get kids excited about becoming money smart. In this episode Kelsa and John talk about: The best age to start doing an allowance? Allowance vs chores as part of the family dynamic? What are the best ways to prepare kids for savings accounts, checking accounts and banking in general? How can families who have been “overly generous” or giving allowance that aren't associated with any responsibilities “right the ship”? And much more Resources/ links related to topic/ mentioned in the podcast: www.themoneymammals.com www.theartofallowance.com www.facebook.com/themoneymammals Twitter: @themoneymammals
To give allowance or to not give allowance. And if you give allowance how exactly should you go about it? John Lanza joins us to share his thoughts and strategies on how to do allowance in a smart, strategic way. What you'll learn about in today's episode: The main purpose of giving your child an allowance The 3 core money skills we should be teaching our kids The break down of the three different jars necessary when giving kids an allowance One powerful benefit that comes from having an allowance that we aren't doing enough of For the complete set of show notes for this episode go to http://www.jenhemphill.com/165 Be sure to continue to join us in more money conversations in our FREE community over here: http://www.jenhemphill.com/community Enjoy this episode and want more? Be sure to subscribe and leave us a review on iTunes: https://itunes.apple.com/us/podcast/her-money-matters-money-talk/id1006403754 By you doing that will help us reach more women like you. It's easy, here is how: http://jenhemphill.com/how-to-subscribe-and-leave-a-review-on-itunes/ The post The Art of Allowance with John Lanza | HMM 165 appeared first on the Her Money Matters Podcast. Have you not grabbed my book? You can do so by searching Her Money Matters on Amazon OR using this link: https://www.jenhemphill.com/book
To give allowance or to not give allowance. And if you give allowance how exactly should you go about it? John Lanza joins us to share his thoughts and strategies on how to do allowance in a smart, strategic way. What you'll learn about in today's episode: The main purpose of giving your child an allowance The 3 core money skills we should be teaching our kids The break down of the three different jars necessary when giving kids an allowance One powerful benefit that comes from having an allowance that we aren’t doing enough of For the complete set of show notes for this episode go to http://www.jenhemphill.com/165 Be sure to continue to join us in more money conversations in our FREE community over here: http://www.jenhemphill.com/community Enjoy this episode and want more? Be sure to subscribe and leave us a review on iTunes: https://itunes.apple.com/us/podcast/her-money-matters-money-talk/id1006403754 By you doing that will help us reach more women like you. It’s easy, here is how: http://jenhemphill.com/how-to-subscribe-and-leave-a-review-on-itunes/ The post The Art of Allowance with John Lanza | HMM 165 appeared first on the Her Money Matters Podcast. Have you not grabbed my book? You can do so by searching Her Money Matters on Amazon OR using this link: https://www.jenhemphill.com/book
To give allowance or to not give allowance. And if you give allowance how exactly should you go about it? John Lanza joins us to share his thoughts and strategies on how to do allowance in a smart, strategic way. What you'll learn about in today's episode: The main purpose of giving your child an allowance The 3 core money skills we should be teaching our kids The break down of the three different jars necessary when giving kids an allowance One powerful benefit that comes from having an allowance that we aren’t doing enough of For the complete set of show notes for this episode go to http://www.jenhemphill.com/165 Be sure to continue to join us in more money conversations in our FREE community over here: http://www.jenhemphill.com/community Enjoy this episode and want more? Be sure to subscribe and leave us a review on iTunes: https://itunes.apple.com/us/podcast/her-money-matters-money-talk/id1006403754 By you doing that will help us reach more women like you. It’s easy, here is how: http://jenhemphill.com/how-to-subscribe-and-leave-a-review-on-itunes/ The post The Art of Allowance with John Lanza | HMM 165 appeared first on the Her Money Matters Podcast. Have you not grabbed my book? You can do so by searching Her Money Matters on Amazon OR using this link: https://www.jenhemphill.com/book
What's the secret to getting a credit score of 800 or higher? Have you wondered about the relationship between a business credit score and business funding? When is it the right time to use business funding to grow your business to the next level? How can great credit help create financial freedom? Jordan Goodman, America's Money Answers Man, talks with Carl Scaramuzza, known as Credit Carl, in the first portion of today's show. In the second half, Jordan talks with John Lanza about helping kids learn strong personal finance skills. Lanza, author of The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids plus the highly acclaimed Money Mammals book series, talks with Goodman about how critical it is for parents to help kids master critical personal finance skills from a young age. Goodman and Lanza discuss what allowances should and should not be, helping kids resist consumerism, avoiding raising spoiled kids and much more.
What's the secret to getting a credit score of 800 or higher? Have you wondered about the relationship between a business credit score and business funding? When is it the right time to use business funding to grow your business to the next level? How can great credit help create financial freedom? Jordan Goodman, America's Money Answers Man, talks with Carl Scaramuzza, known as Credit Carl, in the first portion of today's show. In the second half, Jordan talks with John Lanza about helping kids learn strong personal finance skills. Lanza, author of The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids plus the highly acclaimed Money Mammals book series, talks with Goodman about how critical it is for parents to help kids master critical personal finance skills from a young age. Goodman and Lanza discuss what allowances should and should not be, helping kids resist consumerism, avoiding raising spoiled kids and much more.
John Lanza shares why parents should not pair chores and allowance together. We also review why parents should consider a larger allowance to increase their money smarts.
John Lanza, financial education expert and Chief Mammal at MoneyMammals.com, joins the podcast to talk about why financial education should start early, finding ways to make it fun and experiential, and in what sense money might actually be able to buy happiness.
This week on The Children's Hour we learn what a treasurer does. Bernalillo County Treasurer Nancy Bearce explains her work. It's more than just collecting property taxes. Find out how a government treasurer's work impacts every person in the district, including kids. Bernalillo County NM Treasurer, Nancy Bearce and the Kids Crew Also John Lanza, author of The Art of Allowance, explains how kids can be treasurers for themselves, and how parents can help. Find out how much kids should be saving, spending and sharing and how simple tools like clear glass jars can help kids develop money smart management to last a lifetime. With music by the Okee Dokee Brothers, Chris Ligon, Groove Armada, Dan Zanes & Friends, The Mama Doni Band and the Maccabeats. Curriculum resources: Video by Bernalillo County Treasurer's Office: Your Money Matters: Episode 1 About Nancy Bearce Kids learn about money management with many tools and videos by The Money Mammals Parents: learn about John Lanza's The Art Of Allowance
How can we raise money smart kids? John Lanza is on a mission to help families raise money-smart, money-empowered kids. He has written The Art Of Allowance to better help parents do that. John is also the creator and Chief Mammal of The Money Mammals, an award-winning DVD and youth savings account program. John knew early on that he wanted his kids to be money smart. He noticed how both he and his wife viewed and used money in very different ways. They came from similar frugal backgrounds, yet one was a saver and one a spender. John wanted his kids to become empowered when it came to money. That's why he developed these money smart tools. Yes, the same tools he uses within his own family. What does it mean to be money smart? Being money smart means that you are not just smart about spending. It is the idea that you are making money choices anytime you receive money.It is understanding and using money as a tool.John introduces key money concepts that we can use to help our kids:1. Saving For GoalsGoals are powerful lessons for our child. Goals should be SMART: Specific, Measurable, Achievable, Relevant and Time-based. John talks about ways we can incentivize our kids to save.2. Distinguishing between needs and wantsSatisfaction from something you buy can be fleeting. The sooner kids realize this, the better. We talked about why a waiting period before they buy can help this process.3. Making Smart Money ChoicesBeing smart about your spending. This means think when you buy. Always pay yourself first. Save, Spend and share- charitable giving helps well-being. John also talks about the "why" behind using clear jars instead of the old "piggy bank". But what about the famous (or infamous) methods many still use today to teach about money? Allowance vs Chores John goes in to depth on the topic of allowance and chores. He is very clear in explaining why they should be separate. They teach very different lessons.He then took the time to explain how we can create an effective allowance program with our kids. I found so much value from this episode. I also found value from his book, The Art of Allowance~ A short, practical guide to raising money-smart, money-empowered kids. What I enjoyed about this episode is the open dialogue he creates around the topic of money. And I know that is one of his key messages. For parents to have open, empowering, positive conversations about money with their kids. I also like that he says it is not a one size fits all. For success, follow exactly what I say. No, he says that we must be mindful of the differences in our kids. There will be mistakes. But that is okay. What needs to always be there is communication. It's a team game. I'd love to hear your thoughts.We will have an upcoming Q&A with John. What questions do you have for him? You can send them to me via email robyn@imhomeschooling.com or you can msg me via @honeyimhomeschoolingthekids Resources mentioned in the podcast Nudge The Opposite of Spoiled Happy Money The First National Bank of Dad Biz kids How to Turn $100 into $1,000,000: Earn! Save! Invest! The Breakthrough Allowance Download The Art of Allowance The Money Mammals If you would like to listen to another dad that has created financial literacy with his own family check out my interview with Jim Sheils.
The Dad Edge Podcast (formerly The Good Dad Project Podcast)
In our previous episode, John Lanza, author of The Art of Allowance, shared some ideas about kids and allowance that probably made a lot of us scratch our heads. He told us that the traditional practice of giving allowance for chores was not a good way to teach kids about managing money or work ethic. He also explained what a breakthrough allowance is, and how as kids get older they should get as much as $100 in allowance! These ideas may seem crazy at first, but they work in unexpected ways. Listen to what happened when I implemented these money-smart habits with two of my kids. For the show notes and links in this episode, go to gooddadproject.com/thursday129.
The Dad Edge Podcast (formerly The Good Dad Project Podcast)
What's the right way to teach our kids about money? How do we create a system for chores and allowance that works? How do we show them to save and spend wisely? Today's show is all about how to raise money-empowered kids, and you might be surprised at the tips listed in this episode! John Lanza is the author of the book The Art of Allowance and the host of a podcast with the same name. He tells us what most dads are doing wrong, like that age old system of giving allowance for chores. He also talks about what is the appropriate amount to pay kids by age, how to teach them to distinguish between needs and wants, and the three core money-smart habits they need to start learning from age five. For the show notes, links, and sponsor offers mentioned in this episode go to gooddadproject.com/185.
Live from FinCon Orlando 2018, Jess and Margy talk with John Lanza about teaching kids money sense. Congratulations on your raise, Nathan Rhodes. If you want to teach your kids about money, check out Money Mammals.
In this episode, author John Lanza shares important advice about allowances and how to raise money-smart kids. John shares stories from raising his daughters and helping them learn to save, share and spend money wisely. We discuss important considerations related to allowances, chores and money messages. John Lanza is the creator of The Money Mammals financial literacy program and author of the Dr. Toy Award-winning “Share & Save & Spend Smart” picture book trilogy, and has more than a decade of experience in the money-smart movement. Learn more about John and his work at https://theartofallowance.com/. https://www.themoneymammals.com/aboutus/ Facebook and Twitter: @themoneymammals https://www.linkedin.com/company/themoneymammals/
John Lanza- Author & Chief Mammal of The Money Mammals and father of 2 Girls ages 13 & 15, talks with Financial Expert- Tammy Johnston about kids and money & how this usually taboo subject is handled in their family.
John Lanza and his wife asked a simple question when their first child was six months old: “How can we raise our kids to be money smart?” Trying to answer it made them realize that there were far more families trying to answer this question than just his. This led him to create The Money Mammals - financial education for children through books, apps, games, videos, and more. His new book is The Art of Allowance - a short, practical guide for parents to raise money-empowered kids who know how to save, achieve goals, make smart choices, and distinguish between needs and wants. He’s been featured in The New York Times, The Wall Street Journal, and The Los Angeles Times. Today, he appears on Retire With Purpose to share stories from his own family and the power of teaching financial philosophy to children - and what he’s learned in the process. Get Access to Today's Show Notes To get access to today's show notes, including transcript, audio, and links to resources mentioned, visit RetireWithPurpose.com/05 Disclosure: Investment Advisory Services may be offered through Howard Bailey Securities, LLC, a registered investment advisor. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. The CLU® mark is the property of The American College, which reserves sole rights to its use, and is used by permission. Howard Bailey Financial is a registered trademark of Howard Bailey Financial. All rights reserved. Howard Bailey does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Not associated with or endorsed by the Social Security Administration or any other government agency.
Sherry interviews John Lanza, creator of The Money Mammals, about teaching kids about money. He talks about the three jars (share, spend, save), how to implement an effective allowance system that teaches lessons, and the goals of having “money smarts” and “money empowerment”. The Art of Allowance Want more content like this? Check out our book.
Sherry interviews John Lanza, creator of The Money Mammals, about teaching kids about money. He talks about the three jars (share, spend, save), how to implement an effective allowance system that teaches lessons, and the goals of having “money smarts” and “money empowerment”. The Art of Allowance Want more content like this? Check out our […] The post Episode 186: Teaching Kids About Money with John Lanza appeared first on ZenFounder.
One of the very more important skills you can teach your kids is money management. In the U.S parents give 41 billion dollars but only 53% of the parents are giving any allowance at all. John Lanza is expert of how, when and why we should be using allowance to get our kids ready for the real word. By using funny animal characters and fun tools he gets the kids excited and inspired to set goals and learn the differences between wants and needs. The Art of Allowance is Lanza's latest book guides parents on how to instill money smart skills with the use of allowance
In episode 35 of the FamilyPreneur podcast we meet John Lanza! He has been featured in The New York Times, The Wall Street Journal and The LA Times. He's is the Chief Mammal of The Money Mammals, teaching kids to “Share, Save, & Spend Smart.” I'm excited to explore issues related to money and allowance with John, who recently wrote a new book for parents: The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids! The topic of financial literacy is important because we want our kids to develop the skills to make and manage their own money. John advocates for giving your child an allowance, but not tying it to chores. He sees allowance as a teaching tool, not a hand-out. We should ensure that our kids understand the reason why they are getting an allowance - that we're giving them money so that they can learn lessons such as wants vs. needs, saving for goals, and making smart money choices. Chores teach a different lesson - that you need to work to earn money. He goes into more detail explaining the differences between the two lessons, how he determines what lessons to implement, and how he teaches those lessons. He shares his recommendation for how much of an allowance you should allocate for each child. He recommends $1 per year of their age - so a 5-year-old receives $5, up to the teen/tween years - then things change. For all kids, he follows a rule that splits all income into 3 "banks" - Share (charitable giving), Save (for long-term goals), and Spend-Smart (thinking about the money they spend). That being said, he also recommends 3 clear jars - so they can see the money that is accumulating in them. When it comes to saving, you want to be saving for a goal - not really the idea of saving for a "rainy day." Their first goal should be attainable within 2-6 weeks. They need that more immediate gratification in order to learn the lesson - the idea of a rainy day is too abstract. The goal should follow a "SMART" acronym: Specific - Scooter - put a picture on the jar Measurable - how much it will cost and how long it will take Attainable - it wont take too long and they will be able to purchase it Relevant - it's a goal that they want Time-based - identify how long it should take Teens/Tweens (between 10-14 years old) follow a "Breakthrough Allowance." They receive $100/month - but they are responsible for more expenses including: all their clothes, communication (cell phone), birthday/holiday presents for their friends, food out with their friends. It sounds like a lot of money, but when you think about all the money you spend on what they want as you go - it's likely less this way, plus it's teaching them those essential budgeting skills. Throughout this episode John provides tons of examples and tips and tricks when it comes to helping to raise your kids money-smart. Skills that all of our kids need to develop! I love how he talked about his personal experiences with his kids as they grew from kids to teens and how that process has changed. I ask him questions about one of my biggest pet peeves - when my kids blow their money on things that I disapprove of - and how parents can teach these skills if they're not confident that they are money-smart themselves. Learn more about the FamilyPreneur Business Accelerator and join today at »familypreneur.co« I'm committed to building an inclusive and anti-racist business. I support LGBTQIA+ rights and the rights of all intersectional identities. I believe that business should be a force for dismantling systems of oppression and actively invest in my own learning to fulfill this role. »Read My Full DEI Statement HERE« Would you like to deliver your own private podcast feed to your audience? Sign up for a free trial today at Hello Audio.
In episode 35 of the FamilyPreneur podcast we meet John Lanza! He has been featured in The New York Times, The Wall Street Journal and The LA Times. He's is the Chief Mammal of The Money Mammals, teaching kids to “Share, Save, & Spend Smart.” I'm excited to explore issues related to money and allowance with John, who recently wrote a new book for parents: The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids! The topic of financial literacy is important because we want our kids to develop the skills to make and manage their own money. John advocates for giving your child an allowance, but not tying it to chores. He sees allowance as a teaching tool, not a hand-out. We should ensure that our kids understand the reason why they are getting an allowance - that we're giving them money so that they can learn lessons such as wants vs. needs, saving for goals, and making smart money choices. Chores teach a different lesson - that you need to work to earn money. He goes into more detail explaining the differences between the two lessons, how he determines what lessons to implement, and how he teaches those lessons. He shares his recommendation for how much of an allowance you should allocate for each child. He recommends $1 per year of their age - so a 5-year-old receives $5, up to the teen/tween years - then things change. For all kids, he follows a rule that splits all income into 3 "banks" - Share (charitable giving), Save (for long-term goals), and Spend-Smart (thinking about the money they spend). That being said, he also recommends 3 clear jars - so they can see the money that is accumulating in them. When it comes to saving, you want to be saving for a goal - not really the idea of saving for a "rainy day." Their first goal should be attainable within 2-6 weeks. They need that more immediate gratification in order to learn the lesson - the idea of a rainy day is too abstract. The goal should follow a "SMART" acronym: Specific - Scooter - put a picture on the jar Measurable - how much it will cost and how long it will take Attainable - it wont take too long and they will be able to purchase it Relevant - it's a goal that they want Time-based - identify how long it should take Teens/Tweens (between 10-14 years old) follow a "Breakthrough Allowance." They receive $100/month - but they are responsible for more expenses including: all their clothes, communication (cell phone), birthday/holiday presents for their friends, food out with their friends. It sounds like a lot of money, but when you think about all the money you spend on what they want as you go - it's likely less this way, plus it's teaching them those essential budgeting skills. Throughout this episode John provides tons of examples and tips and tricks when it comes to helping to raise your kids money-smart. Skills that all of our kids need to develop! I love how he talked about his personal experiences with his kids as they grew from kids to teens and how that process has changed. I ask him questions about one of my biggest pet peeves - when my kids blow their money on things that I disapprove of - and how parents can teach these skills if they're not confident that they are money-smart themselves.
The Standout Millennial Show: Entrepreneurship | Leadership | Culture
In this episode, Seth and Nathaniel interview John Lanza, who is on a mission to help families raise money-smart, money-empowered kids so that they can live happier, more fulfilled lives. We discuss the idea of delayed gratification, spending smart, and having control of your money not the other way around.
We all want our kids to be smart about money decisions, right, but how do we do this? Making decisions around money is much more than learning how to spend, but how do we teach our children in ways that they will understand, before they make those disastrous money mistakes? It’s a a topic that many parents have questions about and today’s show is full of answers and smart money advice for parents. John Lanza is Chief Mammal of The Money Mammals and the author of The Art of Allowance, three children’s picture books, and the creator of an award-winning DVD, The Money Mammals. He’s the father of two daughters and a youth financial literacy expert and he’s here to help us learn the basics of raising financially empowered kids. What you’ll learn from the episode: How John was influenced by his wife to become a Money Mammal, because they wanted their kids to be money smart Applying the concept of “emergent financial literacy” to spending, sharing, and saving The basic allowance rule: $1 per week, per year of age (Kids must have money to practice with!) Finding the balance between advising kids on purchases and giving them autonomy The BIG question: Should allowance be tied to chores? (Find out why John says NO!) The key in teaching kids about money is what lesson you want to teach them The concept of “breakthrough allowance,” when your child is older and becomes responsible for certain financial expenses The goal for kids is money empowerment, where kids control their money and money doesn’t control them! How to know WHEN to teach WHAT in progression Saving goals should be specific, measurable, attainable, relevant, and time-based How to teach awareness of investing and saving for college How to make adjustments to NOT pass on our money ignorance and money difficulties to our kids How a family of significant means can guard against raising spoiled kids How to teach visualization for kids to reach their financial goals The key to it all: Have an open dialogue with kids about money Resources: www.themoneymammals.com www.theartofallowance.com--Find out how to win one of three signed copies of John’s book! The Opposite of Spoiled by Ron Lieber
The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
In this short primer episode, John goes over some helpful information for new listeners of the podcast to help clarify key concepts and ideas that will make the conversations to come more useful.
Yes, I accomplished my goal. No promises about the future. Let's kidnap our Youth Group members! Forget the holidays! School's open! Forget the school! We're Catholic! Boycott Starbucks! Exploring the Evangelical Habitat
Yes, I accomplished my goal. No promises about the future. Let's kidnap our Youth Group members! Forget the holidays! School's open! Forget the school! We're Catholic! Boycott Starbucks! Exploring the Evangelical Habitat