Welcome to Finance With Kids, a podcast that teaches kids all about money. In this show, Steve Coughran and his daughter Ava will help kids understand the fundamentals of financial fitness, including topics such as: planning, earning, spending, borrowing, investing, and giving. We collect questions from kids around the world and provide answers to help boost their financial IQ and to become financially successful on their own. Kids-ask your parents to help you record your question using a sm ...
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24: The Difference Between Leasing and Buying
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In today's episode of Finance With Kids, hosts Steve and Ava are going to talk about the difference between leasing and buying. They will explain to kids what it means to lease an item, how it differs from buying an item outright, and the pros and cons of leasing items like cars, apartments, and cell phones. Leasing can be a good option for those w…
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23: Practicing Smart Spending Habits and Avoiding Impulse Buying
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In this episode of Finance with Kids, hosts Steve and Ava Coughran delve into the topic of smart spending and avoiding impulsive purchases. They talk to kids about the importance of making wise financial decisions and how it can impact their future. Steve and Ava share some tips and tricks on how to avoid impulse buying, such as making a list befor…
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Welcome to another episode of the Finance with Kids podcast! In this episode, hosts Steve and Ava Coughran delve into one of the most important economic concepts: inflation. Steve and Ava explain what inflation is and why it's essential to understand it. They provide real-world examples of how inflation affects everyday items like groceries, gas, a…
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21: Understanding Revenue, Expenses, and Profit
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In this week's episode of Finance with Kids, host Steve is joined by Ava to talk about the basics of revenue, expenses, and profits. Steve and Ava break down these important financial terms in a way that's easy for kids to understand. They start by discussing what revenue is and how it's generated, using examples like lemonade stands and selling it…
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In this episode, we'll be discussing what you should know about coins, from their history and value to current trends in coin collecting. Together with Ava, Steve will explore the origins of coins and their evolution over time, from ancient coins made of precious metals to modern-day collectible coins. We'll also dive into the factors that influenc…
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In this episode, we’re going to talk about the cost of living. Do you know what it means when someone says the cost of living is high? It means that things like food, clothes and housing cost more money than they used to. So, why does that happen? One reason is inflation. Inflation is when the prices of things go up over time. This happens because …
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18: Why Aren't Things Just Free?
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In today's world, we're used to getting things for free - from social media and search engines to sample products and trial offers. But many of us fail to recognize the hidden costs of "free" and the impact it has on our lives. In this episode, we dive deep into the true cost of "free" and how it affects us as consumers and as a society. We explore…
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We usually talk about all the things we can do with money, like how to earn, save, spend, or invest it. Today I wanted to discuss whether money is a good thing or a bad thing. Join us as we discuss some reasons why people might find money to be a positive thing and also reasons why money may be seen in a negative way. Kids, if you want to be on the…
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16: Should Kids be Given an Allowance
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For those of you listening, you might have your own allowance, or you may have heard your friends talking about getting an allowance, or maybe you’ve even asked your mom and dad for one. Deciding whether to give kids an allowance is a huge decision that parents have to make. Join us as we get into the nitty gritty details of what exactly an allowan…
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15: What is a Recession?
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Today’s topic is a really important one. I’m going to be asking my dad everything there is to know about recessions. Like why they happen and if it's possible to avoid them. So come along with us as we learn about this topic. Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice re…
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14: Why Do Some Jobs Pay More Than Others?
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On today’s episode, we’ll be chatting about something really interesting, that’s also really important to know if you’re still a kid. Today we’re going to talk about why some jobs pay more money than others. Education and training are just a couple of the things that can determine how much money a job pays. Join us for this episode to learn more. K…
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Expenses can be things that we need or want, and we typically use money to buy them. Wants are the things that we can live without, but needs are the things we must have. Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice recording app, and then email it to hello@financewithkids…
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Taxes are money that we pay to the government to help fund important things in our communities, like schools, hospitals, and roads. By paying taxes, we're helping to support the community and make it a better place for everyone. Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice…
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Money has been around for thousands of years, but it didn’t always look the way it does now. The green color of money actually comes from a special ink that's used to print it. The ink is made up of a mix of copper and other chemicals. Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on …
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A stock is like a piece of a business that you can own a little bit of. Imagine you have a lemonade stand and you decide to sell some of the ownership to your friends, so they can help you make the lemonade and sell it. Now your friends own a part of your lemonade stand, just like a stock owner owns a part of a big business. Kids, if you want to be…
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A financial bond is a type of loan that a person or organization gives to another. When someone buys a bond, they are lending money to the issuer in exchange for regular payments until the bond matures. Bonds are often used by governments and large companies to raise money for projects such as building infrastructure, providing services, and invest…
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Credit cards are a type of payment method that allow you to purchase goods and services without having to pay for them upfront. When you use a credit card, the merchant will charge your account (this is called making a purchase). You then have a certain amount of time to pay off the balance, usually around 30 days. If you don't manage to pay off th…
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Banks can fail for a variety of reasons, but there are some common issues the lead to their downfall. One major reason why banks fail is when they make bad investments. This could mean investing too heavily in one type of stock or taking risks that don't pay off. Kids, if you want to be on the show, ask your adult to help you record your name, wher…
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06: How do Businesses Make Money?
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Starting a business in the United States can seem scary, but with careful planning and preparation, it can be a rewarding experience. Imagine someone has an idea and they want to turn it into a business. These are the steps they would follow to get it started: 1. Think of an idea: The first step in creating a business is to come up with an idea. 2.…
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Saving money is important for kids for several reasons: Learning financial responsibility, building good habits, preparing for emergencies, and achieving long-term goals. Overall, teaching kids to save money is an important life skill that can set them up for future success. Join us for this episode to learn more about why saving money is so import…
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Kids may want to make more money for various reasons. Some motivations may include to buy things they want, help out their families, learn valuable skills, save for the future, and feel independent. Making their own money gives kids a sense of independence and responsibility that can boost their confidence and self-esteem. Overall, there are many r…
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A bank is a place where you can keep your money safe and even make more money over time. When you open an account at a bank, you can deposit your money and the bank will keep it secure for you. This is much better than hiding your money under your mattress or keeping in your piggy bank where someone may steal it. In return, the bank may pay you int…
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02: Where Does Money Come From?
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Hey kids, have you ever stopped to wonder where money comes from? You’ve probably seen cash before—you know that paper stuff or those coins that we use to buy things, or maybe you’ve watched your parents swipe their credit card to pay for dinner, that shirt you’re wearing, or to fill up their car with gas. Money is all around us but sometimes we do…
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Join us for this episode where we will discuss what is finance and how money actually works. Finance is the management of money and other assets. It includes how you save, spend, invest, borrow and protect your money. Understanding finance helps us make smart decisions with our finances so we can reach our goals. This could mean saving up to buy a …
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Welcome to Finance With Kids, a podcast that teaches kids all about money. In this show, Steve Coughran and his daughter Ava will help kids understand the fundamentals of financial fitness, including topics such as: planning, earning, spending, borrowing, investing, and giving. We collect questions from kids around the world and provide answers to …
…
continue reading