AOA 063: An Age-Appropriate Approach to Allowance With the Smart Money Mama - With Chelsea Brennan
The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Release Date: 09/18/2023
The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
During this episode of The Art of Allowance Podcast, host John Lanza speaks with guest Courtney Fulmer, the newly appointed President/Chief Executive Officer of SECNY Federal Credit Union. They begin by discussing the opportunities credit unions have to combat America’s “financial illiteracy epidemic” and the role these institutions play in providing psychological support to their members. Courtney then shares how her journey teaching her son money smarts evolved, how her family influenced her financial decision-making and how her colorguard experiences impacted her credit union...
info_outline AOA 076 How Digital Literacy Protects Our Kids — with Diana GraberThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
In this Art of Allowance Podcast episode, host John Lanza speaks with guest Diana Graber about the challenges of and the strategies for raising kids in a digital world. They discuss understanding children’s developmental readiness for technology, emphasizing ethical thinking in digital spaces and balancing the risks and the benefits of an online presence. Diana highlights the importance of teaching teens to protect their finances digitally via privacy measures and scam avoidance and the dangers of oversharing online. (Both kids and adults are guilty!) She and John also explore the need for...
info_outline AOA 075: Three Dads Talk Raising Money-Smart Kids (with Jon Acuff & Joe Saul-Sehy)The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
In this special episode, host John Lanza teams up with Stacking Benjamins Podcast host and previous Art of Allowance Podcast guest Joe Saul-Sehy to interview author Jon Acuff. These three dads discuss parenting challenges and strategies, particularly regarding teaching teens about money and life skills. They also explore the importance of empathy when parenting, the role of repetition in financial education and the value of kids’ seeking guidance from other adults. Their conversation emphasizes the need for parents to be open about their own money mistakes and to create a supportive...
info_outline AOA 074: Meaningful Media Literacy Conversations with Erin McNeillThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Host John Lanza and guest Erin McNeill discuss the importance of starting the media literacy conversation with children early, just like parents can do with the financial literacy conversation. Erin explains that kids are likely willing to understand and decode the myriad media messages they face. She even suggests that parents have conversations with teachers about integrating media literacy into classrooms and advocate for it to become a required skill taught in schools, just like reading and math. Erin and John also highlight the importance of digital wellness, the process of helping kids...
info_outline AOA 073: The Family Share Jar - Giving Together with Andy HillThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Host John Lanza talks with guest Andy Hill about the journey from burdensome debt to financial freedom and, in particular, navigating such an experience with kids. Andy explains what his allowance system entails, how to communicate the power of compound interest and why he thinks modeling matters most when teaching money smarts. He also shares how he and his wife made changes in their own lives to be better financial models for their children, especially in the area of giving. Additionally, John and Andy discuss raising money-smart kids in spite of financial shame, having open money...
info_outline AOA 072: Evan Wilson on Teaching Our Kids to InvestThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Returning guest Evan Wilson joins host John Lanza to talk about how his allowance system has evolved since his initial podcast appearance five years ago. He discusses helping his kids become savvy investors by adopting an ownership mentality, thinking about risk on the money-smart journey and wanting his kids to experience investing ups and downs when they are young. Evan and John also address leveraging compound interest, building wealth, starting the money conversation early and transitioning from money jars to debit cards. Evan Wilson is the founder and general partner of Wilson Investment...
info_outline AOA 071: Researcher Ashley LeBaron-Black on the Importance of Experience, Modeling and Open Conversation in Raising Money-Smart KidsThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Guest Dr. Ashley LeBaron-Black returns to the podcast to talk with host John Lanza about her research focus of family finance. Ashley first defines the terms “financial well-being” and “financial socialization.” She then highlights the importance of family modeling and open discussion on the money-smart journey. Ashley also emphasizes the essential nature of experiential learning and the shortcomings of classroom financial literacy. Both she and John then address the concept of money scripts, the ability of some kids (dubbed “financial phoenixes”) to overcome poor modeling and the...
info_outline AOA 070: Colin Ryan on Money Psychology, Emotion and HumorThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Guest Colin Ryan speaks to college-age kids nationwide and shares humorous anecdotes to help them grapple with money. He also encourages parents to see their children as the heroes of their financial stories, understand their kids' unique perspectives and personalize conversations to foster connections. During his podcast appearance, Colin and host John Lanza discuss the idea of “earning by saving,” the role of modeling and technology’s impact on financial well-being. They also chat about personal finance's emotional and psychological facets, finding success and contentment in a...
info_outline AOA 069: Joe Saul-Sehy's Journey from "Money Disaster" to Raising Money Smart KidsThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Self-professed "money disaster" Joe Saul-Sehy shares his experiences with and insights on raising money-smart kids with host John Lanza. Joe recounts his own credit card debacle, which influenced how he approached money with his twins. He shares how he introduced them to money when they were young, his family's allowance system, his "circling back" strategy and how he tackled money conversations. He also discusses money tracking, the difference between saving and investing and responsible debt management. Additionally, Joe and John touch on the loneliness epidemic, the importance of financial...
info_outline AOA 068: Building Wealth Wisdom: Vince Shorb on Youth Financial EducationThe Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Host John Lanza speaks with Vince Shorb about the importance of financial education, the need for financial literacy programs in schools and the challenges of scaling these programs. They address the underappreciated role of parents in financial literacy education and the importance of teaching kids to save, earn money and control expenses, while highlighting the power of compounding and the psychology of money. They also discuss similar grandfatherly advice influenced by The Great Depression. Vince shares his early money lessons and how his parents encouraged his entrepreneurial spirit while...
info_outlineAre you curious about strategies for setting your kids up for financial success from an early age?
Chelsea Brennan, founder of Smart Money Mamas, is on a mission to help moms build meaningful wealth without the hustle. As an ex-hedge fund manager turned financial educator, Chelsea now invests in helping thousands of moms heal their money mindset to own their financial power and grow lasting holistic wealth. Her proven strategies positively impact her clients, their families, and their communities by developing the building blocks for a lasting and powerful financial legacy for future generations. Chelsea is a National Financial Education Instructor. She has been featured in Forbes, Business Insider, Yahoo Finance, Scary Mommy, and Boss Mom.
When she isn’t working on getting more money into the hands of mamas, Chelsea can be found reading fantasy books, doodling, or going on adventures with her husband and 2 young boys in Connecticut.