Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

The Most Powerful Way to Teach Budgeting to Your Kids 💵

1 Jul 2023 · 1 min

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This content was created by Richard Canfield. This content was uploaded by Richard Canfield. This is a YouTube video titled "The Most Powerful Way to Teach Budgeting to Your Kids 💵" created on July 1, 2023. It discusses a system for teaching children budgeting by creating a home economy, which helps eliminate entitlement and power struggles between parents and children.

Chapters

It's just as easy as allowance. But it teaches kids to create value to cover their expenses, which is real budgeting and the expectations in the home. So it removes all the bribing your kids to buy their love. Right? This one's especially important for parents that might be split or single parenting or co parenting. Kid goes to mom bomb, buys a bunch of stuff, goes back to dad, dad buys more stuff. I mean, it's like a big old buying love fest. Okay? You remove that and you institute this home economy. Then it removes the entitlement, it removes the spoiling of them, it removes the anxiousness, it removes that power struggle. And within like 30 days of people using this system in the app and in the book, kids never ask them parents for money again.