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A Parent's Guide and Map to Money Talks with Kids, Question 6

by Team Sammy

Today's Question

Keep planting and seeding money conversations in the heads and hearts of your children and students. "Nudge" or "fast track" them along as you determine appropriate. Either way. Keep seeding. Education is an ongoing process that requires consistency and repetition to grow competency and master skills.

Today's question might be something like:

  • Do you have a written plan for what you'll do with the money you get this year? Or, Do you have a written plan for what you'll do with the money you will earn and receive this year?

Build the Conversation With These Questions

If your child or children engage with today's question, below are eight follow-up questions a parent might ask their child. Revise or rephrase the questions as you determine appropriate.

  1. Why do you think it's important to have a plan for your money?

  2. Do you think it is important to put your plans in writing? Any particular reasons why or why not?

  3. What are some ways having a written plan help you make better choices with your money?

  4. Do you think it's a good idea to share your plan with someone, like a parent or teacher?

  5. What are some ways you can learn more about managing money wisely?

  6. Are there any things you want to save money for in the future that should be in your plan?

Summary of Prior Questions

Q1 - Have you set a savings goal for 2024? (NOTE: LinkedIn Post)

Q2 - If you were to save $500 this year, how would you do it? (Insert your own number)

Q3 - How often do you think you should make deposits to your piggy bank or savings account to stay on track to reach your savings goal?

Q4 - How is everything going with your 2024 savings goal?

Q5 - How much money do you think you will earn or receive this year?

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