Speaker:  Doug Goodmundson
“Seminar:  Kids + Finances:  Some is Caught, Some is Taught”

Audience: Parents of Kids of age 5-20
Format: 120 minutes of Content (2 hours)
Small/Mid-Size Churches: Combine for parents with kids age 5-20
Mid-Size to Larger Churches: Separate groups for kids age 5-12 and 13-20
Honorarium:  $150 - $250

 

Summary:
This seminar is a single evening (which can be separated into two age groups for larger churches) with a focus on application and a few important guiding principles, offering some key points of focus on how to succeed with kids and money based on a lot of research and experience.  Research has shown that children who grow up in an environment where money is discussed openly and healthy money habits are practiced as a family develop stronger financial literacy and learn to appreciate the value of delayed gratification. This, in turn, leads to better life outcomes and contentment.

 

Many families give up on developing healthy financial habits with their kids because of obstacles or frustration, or often, they (parents) don’t feel qualified to teach money habits because they aren’t succeeding with money.  I encourage everyone to take action with their kids, regardless of their own success, and ensure their kids get the best possible foundation in money and stewardship!
 

Holding kids responsible for work, chores, and managing money can be difficult!  I give clear points of ‘why’ we should stay the course, some best practices and tools for succeeding, and making sure parents know ‘what’ is most important to focus on and not getting lost in the details.

Parents will walk away empowered to apply some of these things in their home and are welcome to subscribe to my monthly email for ongoing ideas, resources, and tips on helping their kids develop financial literacy and stewardship.

Primary Content of Seminar:

• Key roles of chores and work: The seminar discusses the importance of assigning chores and responsibilities to children to instill a sense of accountability, work ethic, and ownership. And, how to hold chores accountable without becoming the wretched nag.

• Managing finances: It covers the principles around helping our kids allocate their money towards saving, spending, and giving, including investment strategies for teens, with the intended outcome of developing the joy of delayed gratification.

• Age-appropriate conversations: Parents will learn how to engage their children in meaningful discussions about money that are suitable for their developmental stages, along with resources for enhancing financial literacy.