Many kids start businesses. Most of them are lemonade stands or lawn care, something that keeps them occupied for a day or during the summer. Some, on the other hand, start something big and can help shape and define their lives. As parents, it may take some support to help your child succeed the world of business. On this episode, the Money JAR team talks with Gabby Goodwin, the CEO of GaBBY Bows, and her mother, Rozalynn, about how Gabby started her business and how parents can support the entrepreneurial spirit in their kids.
You can find GaBBY Bows on twitter @GaBBYBows, Facebook at https://www.facebook.com/therealgabbybows/, and Instagram https://www.instagram.com/gabbybows/.
You can learn more about the products that Gabby sells at https://gabbybows.com/.
Allowances are complicated for parents. What is the appropriate amount to give your child? Should allowance be tied to anything, like chores or grades? We tackle allowances with special guest Will Carmichael, CEO of RoosterMoney. The group talks about when and how much parents are actually giving their children, activities that net the most allowance money for kids, and how kids typically spend their allowance. This episode provides great tips and tools for parents to manage their kids’ allowances.
Learn about RoosterMoney here: https://www.roostermoney.com/us/
RoosterMoney is on Twitter @rooster_money and on Facebook at https://www.facebook.com/roostermoney/
Check out the Kids Allowance Report here: https://www.roostermoney.com/us/kids-allowance-report-us/
More and more we are living in a cashless society. In this episode, hosts Todd and Evan discuss trends in teaching money management to kids. They interview Gregg Murset, CEO of BusyKid, a money app that helps parents teach their kids how to manage their allowance. His company provides a platform for parents to electronically deposit an allowance based on completing chores. Gregg discusses how kids can learn about invisible money, and learn the value of money and work ethic from their parents. Gregg is the father of six and a Certified Financial Planner. He was honored with the National Financial Educators Council’s Financial Education Instructor of the Year award in 2014.
Where is a child’s place in making family money decisions? How do we involve kids with how much we spend on them? Todd and Evan answer these questions this week with the help of Jayne Pearl, a journalist and author of the Kids and Money book series. She shares some creative methods to address budget decisions around clothes, groceries, and back-to-school shopping, and where to draw financial boundaries. She also introduces us to the terms “cost of cool” and “affluenza.”
How does one’s personality merge with their money habits? How can identifying this relationship help both kids and adults make better financial decisions and build stronger relationships? This week Todd and Evan tackle these questions with the help of “The Money Couple.” Also this week is a new segment of the Kids Two Cents!