Teaching Your Children About Money With Dr. David Weisenhorn

<p><span style="font-weight: 400;">If you avoid talking about money with your children, then who pays for it later in life? Whether you know it or not, you&rsquo;re teaching your children about money every day. Teach them what works and what doesn&rsquo;t when it comes to finances.&nbsp;</span></p> <p><span style="font-weight: 400;">In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Dr. David Weisenhorn about money and parenting. David is a Senior Extension Specialist for Parenting and Child Adolescence Education at the University of Kentucky.&nbsp;</span></p> <p><strong>Topics Discussed:</strong><span style="font-weight: 400;">&nbsp;</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">What is a family scientist? Mixes psychology and sociology focused on families</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Taboo Topic: Money isn&rsquo;t up for conversation; vulnerabilities around values</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Lack of Education: Discussing finances in not covered in traditional curriculum</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Effects: Educate children to avoid risk of not using and handling money properly</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Mistakes: Avoiding subject of money doesn&rsquo;t mean kids won&rsquo;t use/experience it</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Proactive Parenting: Daily practice of teaching children how to deal with money</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Financial Literacy: Learn jargon and teach simple concepts via currency games&nbsp;</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Money Personalities: Habits and attitudes toward spending and saving&nbsp;</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Sink or Swim? Worth it to le