Parenting and Money Part 3: Raising Money Smart Consumers

Teaching kids to earn, save and give are all important, fundamental money lessons. But so is learning to spend wisely, and one the best teachers of that lesson can be to let kids experience first hand, in a kid-friendly environment of course, the sting of impulse spending and buyers remorse, as well as the fulfillment of saving up and buying something of value that brings longer lasting enjoyment and pleasure. On this episode of CFO at Home, Vince discusses these topics and more with the Founder of Ketshop, and mother of 3 feral children, Mari Collins Harris

Key Topics 

• Mari’s inspiration for founding Ketshop (:59)

• How the Ketshop App works (4:27)

• Teaching kids to make purchasing decisions (12:50)

• How you “give” money to kids (allowances, chores, etc)  (14:27)

• “The Law of Natural Consequences” (19:53)

• The impact of on-line shopping on buying habits (21:08)

• The impact of the ease of spending money digitally on kids (23:57) 

• How Mari and her husband manage their family finances (28:43)

• Kids learning to appreciate what they have (32:07)

Resources  

• Ketshop.com

• Ketshop.com/cfo/  for $10 off your first Ketshop-fulfilled order!

Ways to connect/follow

• Ketshop.app - Instagram

• Ketshop App - Facebook 

Contact the Host - vince@thecfoathome.com