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New Podcast Episode: Creating Financially Prepared Children
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Jessica (She/Her)
Financial Educator
Posted April 27, 2022
The Wallet Watch podcast has released its fourth episode of season 7, “Creating Financially Prepared Children,” where hosts Amanda and Jessica interview Senior Financial Educator, Cecilia Sandoval, and discuss how important it is to start talking to our children about money at an early age.  

Children understand money more than we think they do. It can start with them earning coins and placing them into a piggy bank. “Children start to lose teeth at a very young age, and we give them money. They should understand what is happening with that money; what are we going to do with that money, are we going to save it in our piggy bank, or are we going to spend it on something we want to buy?”

Cecilia works closely with the Lansing SAVE Program. Lansing SAVE is a partnership between MSUFCU, Lansing School District (LSD), Capital Area United Way, and City of Lansing that offer children’s savings accounts for post-secondary education. A huge part of this project is visiting LSD classrooms kindergarten-seventh grade and teaching a monthly financial literacy lesson. “We have students in kindergarten that understand the coins and how much they are worth, and students get so excited to tell us about what they are saving money for,” explained Cecilia. She also emphasized reaching out for assistance if you are a parent or guardian that is struggling to teach your children about money. MSUFCU offers many different avenues of free financial literacy for children and parents. “These children are our future, therefore we have to invest in them.”
Featured Quotes:
Even students at the kindergarten level are understanding the things we do with money. They understand that when you put money in your piggy bank it means we are saving; when we go to the grocery store we use money to buy our groceries, students even understand a little bit about giving back. I have had students tell me they were saving money to donate it to help people in need.” – Cecilia Sandoval

“I think learning about money needs to extend outside of the schools and the classrooms. There is only so much you can teach students in the classroom setting. And if parents can be a little more brave or vulnerable and let their children in on the family finances, and what is happening at the home, students can get more of a hands on lesson about money.” – Amanda Conn  
How to Listen:
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Apple Podcast: App and iTunes
Podbean: App and Website
 
Do you want transcripts for any of our episodes? Email us a request at [email protected] Transcripts offer an excellent way to have a copy of the tips and topics we cover in each episode.
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