Listen in iTunes | Listen in Stitcher | Listen in Spotify

This is episode 61 and today I’m here with Chelsea Brennan talking about allowance.

Chelsea is the founder of Smart Money Mamas and its monthly membership community, the Motivated Mama Society. An ex-hedge fund manager turned financial educator, she is dedicated to changing the way we talk about money, helping moms connect with all aspects of their money in a way that lets them overcome emotional blocks, identify what they most want, and create the healthy money habits that help them achieve their biggest goals. All while modeling positive money relationships for the next generation.

Our Little Obsession

I share my little obsession with the Sage Money course!

Highlights

Baggage: We share our stories of allowance from our childhoods.

Age: We give recommendations for when to start giving an allowance.

Format: We discuss giving cash versus digital currency.

Earning: We speak to the controversial “earned” component that some families incorporate with an allowance.

Savings: We explain how to teach kids the importance of saving.

Judgment: We talk about letting them make mistakes.

Q+A

We answer the question of how much is a good amount to give for allowance.

Dive Deeper

Disclosure: When I recommend a product that I believe will add value for you, it may contain an affiliate link, and when you click the link to make a purchase, I may receive a small commission at no extra cost to you.

Sage Money

The Bucket System

Greenlight Kids Debit Card

Sage Family Podcast 21: Unconditional Parenting with Alfie Kohn

Motivated Mamas Society

Kids Financial Literacy Pack

How to Give to Charity with More Impact as a Philanthropic Family

5 Mistakes to Avoid for a Successful Allowance System

How to Determine Your Family Money Values

Chelsea on IG

Support the Show

1. Leave a review on iTunes: your kind feedback tells iTunes that this is a show worth sharing.
2. Share an episode on social media: be sure to tag me so I can share it (@sage.family on instagram).
3. Join the Village: Support the show while enjoying live monthly group coaching and ongoing community discussion and support (think of it like the bonfire on the beach of our virtual village).

What’s Your Money Mojo?

Take the quiz to asses your financial wellness and get clear on your simple next step toward debt freedom, financial independence, and a values-based life.