Financial Advice for Parents with Children in School – Sandwich Money Part 1

Parenting is hard! Mike eases the burden a bit with some tips about money for parents with children college age and younger. This video is part 1 of a 3-part series called "Sandwich Money", where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents. Part 1: Financial Advice for Young Parents Part 2: Financial Advice for Adults with Children in the Workforce Part 3: Financial Advice for Adults with Aging Parents Topics in this episode include: Why is money an important topic for parents with young children? What does it mean for a kid to be financially literate? When is the right time to talk to kids about money? How do you explain the relationship between work and money to kids? How do you make learning about money fun for kids? How can we help children understand the value of money when it's digital? How to teach kids about saving money. When should you talk to your child about credit cards and credit debt? How can I teach my child about investing money? How can an advisor help parents with young kids? What's the difference between trust and a will? What's the going rate for allowance? Connect with Sophie LinkedIn: Sophie Howell Cook Wealth Bio: Sophie Howell Connect with Mike LinkedIn: Michael Holloway, CFP® Cook Wealth Bio: Mike Holloway