Last updated on May 2, 2020
I never have enough money!
Do you think I’m made of money?!
That’s soo expensive!
I want my kids to feel safe and be able to give them what they need without feeling always stressed my the amount of things that need to get paid each month.
Well, in this episode, my guest, Virginia Elder, a mama of 2, creator of ‘Happy Healthy Abundance’, podcast host and financial coach for mothers is here to give us tips on what we, mamas should be rewiring in our brain about money, how the hell we can do it!, and how to teach our kids to save and spend wisely. It’s all about becoming aware of some money thoughts that are keeping you stuck or in the ‘put it on the credit card’ automatic spending mode.
Truth be told, this is all about educating our kids because most schools don’t teach this important life skill, managing our money in order to live an abundant happy life.
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Listen To The Episode!
Spotify / Apple Podcast / Soundcloud / Stitcher
What you’ll learn in this episode:
0-4:00 Intro
4:45 – Her financial journey BEFORE & AFTER kids
14:00 The lessons she’s learned from going broke.
14:30 Why she’s helping mothers with their finances and money mindsets.
19:00 What is an abundant life?
20:40 How much it costs to raise a child in Canada & United States….sharing a few statistics.
22:45 How can you manage financially with a child?
23:15 Laying a healthy foundation around money
25:50 Having negative thoughts about money
27:55 What to say instead of ‘it’s too expensive’
31:15 A common scarcity money mindset for mothers
35:50 How mothers can rewire their brain for more abundance
38:15 How to teach your kids about money by age category:
38:20 0-2 yrs old
39:55 3-7 yrs old
53:35 7-11 yrs old
55:30 11+yrs old
42:45 How much money to give your child?
44:55 A fun coloring sheet idea to teach kids about money.
46:00 Which is better? The concept of commission VS allowance to pay our kids.
48:05 Setting Limits with Money
50:00 When should parents open a bank account for a child?
59:10 Going through a financial crisis
1:00:00 What I’m teaching my 4 yrs old son about money
1:01:25 The ONE thing she wished she knew about money.
1:03:50 Where you can find her & get some coaching
1:04:45 My LAST question.
Connect with our guest:
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It’s important to share your thoughts and ideas directly in the comments. We all need each other to thrive as mothers and parents in this lifelong journey. Share your love, frustrations, favorite takeaways and stories in a respectful way.
Christiane xxx
