by It's Not About Money
Join us, Charla and Matt McKinley, as we delve into the world of parenting with a financial twist. This podcast is your go-to resource for raising responsible and ready adults, providing insights and actionable advice on money matters and beyond.
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1/17/2024
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April 16, 2025
Top 5 Personal Finance Books Every Parent Should ReadFinancial Literacy Month<br /> In this episode of <a href="https://ultimateradioshow.com/not-about-money/">It’s Not About Money</a>, Matt and Charla celebrate Financial Literacy Month by spotlighting five game-changing personal finance books for adults who want to improve their own money skills in order to better teach their kids.<br /> If you’ve ever felt underqualified to guide your children in money matters, this episode offers an encouraging and practical starting point. Charla’s curated list includes approachable, insightful titles that cover everything from money mindset to budgeting, saving, and the psychology of financial decision-making.<br /> <br /> <br /> <br /> <br /> Key Topics Covered:<br /> 1. Why Parents Need to Learn First<br /> Many adults never received formal financial education, learning instead through trial and error or family dynamics filled with silence or shame around money. Charla emphasizes that to raise financially literate kids, parents need to first feel confident in their own knowledge.<br /> <br /> 2. Top 5 Must-Read Financial Literacy Books<br /> Charla shares five of her favorite titles:<br /> <br /> <br /> <br /> Your Money or Your Life – Shift your mindset by connecting money to your life energy.<br /> <br /> <br /> The Index Card – Simple, actionable advice that fits on a single card.<br /> <br /> <br /> Get Good with Money – A holistic guide to achieving financial wholeness.<br /> <br /> <br /> The Psychology of Money – A fascinating look at how behavior and emotion shape our financial choices.<br /> <br /> <br /> ME: The True Story of a Made-Up Thing – A historical and humorous look at what money actually is.<br /> <br /> <br /> 3. Why It Matters for Families<br /> These books not only build adult confidence but also equip parents to have meaningful conversations with their kids about money—setting the foundation for lifelong financial health.<br /> <br /> Call to Action:<br /> <br /> <br /> Grab one of the recommended books and start reading!<br /> <br /> <br /> Got a favorite finance book? Tag <a class="" href="https://instagram.com/beyondpersonalfinance" target="_new" rel="noopener" data-start="2019" data-end="2088">@beyondpersonalfinance</a> and share it with us!<br /> <br /> <br /> Not subscribed yet?<a href="https://beyondpersonalfinance.com/subscribe-1"> Join our email list</a> for more insights and free resources.<br /> <br /> <br /> <br /> <br /> <br /> Connect With Us:<br /> <br /> <br /> Read Charla’s blog: <a class="" href="https://beyondpersonalfinance.com/our-blog" target="_new" rel="noopener" data-start="2254" data-end="2334">beyondpersonalfinance.com/our-blog</a><br /> <br /> <br /> Explore our curriculum: <a class="" href="https://beyondpersonalfinance.com" target="_new" rel="noopener" data-start="2367" data-end="2429">beyondpersonalfinance.com</a><br /> <br />
April 9, 2025
Should you show your kids your finances? In today’s episode, Charla and Matt dive into this question and discuss why they believe the answer is no. While financial transparency is important in some areas, sharing exact numbers with kids can often do more harm than good.<br /> <a href="https://ultimateradioshow.com/should-you-show-your-kids-your-finances/"></a> Should You Show Your Kids Your Finances? <br /> Charla explains that children lack the life experience to fully grasp financial nuances. Without proper context, they may develop unnecessary worries, entitlement, or an unrealistic view of money. Instead of exposing them to real financial pressures, parents can teach financial literacy in a way that fosters independence and critical thinking.<br /> <br /> One powerful tool for this is simulation-based learning. Rather than showing kids real family finances, Charla recommends giving them opportunities to make financial choices in a controlled environment. This is why she created Beyond Personal Finance, a curriculum that takes teens through a 20-year financial journey where they must make decisions about careers, housing, transportation, and more. The results? Eye-opening experiences that help them understand the consequences of financial decisions—without the real-world risks.<br /> <br /> Matt and Charla also discuss how parents can integrate financial lessons into everyday life, from budgeting for groceries to saving for big purchases. By guiding kids through decision-making processes rather than just giving them financial figures, parents can equip them with the skills they need to be financially responsible adults.<br /> <br /> What You’ll Learn in This Episode:<br /> <br /> Why revealing your finances to your kids may not be the best approach<br /> How financial simulations can teach lasting money lessons<br /> Ways to engage kids in real-world financial decision-making<br /> <br /> Links & Resources:<br /> <br /> Learn more about <a href="https://beyondpersonalfinance.com/">Beyond Personal Finance</a><br /> <br /> Would you share your finances with your kids? Let us know in the comments!
April 2, 2025
<a href="https://ultimateradioshow.com/wp-content/uploads/2025/04/INAM-Pinterest-25-13-1.jpg"></a>7 Things Your Teen Should Pay For<br /> In this episode of It’s Not About Money, Matt and Charla dive into a key topic for parents of teens—helping kids develop financial responsibility by contributing to their own expenses. While some parents might hesitate at the idea, Charla explains how strategic financial contributions help teens learn valuable money lessons before adulthood.<br /> <br /> Matt and Charla break down the big three expenses where teens should have skin in the game: school wardrobes, car expenses, and cell phones. These high-cost items are often a source of tension in families, but by involving teens in financial decisions, parents can teach budgeting, trade-offs, and personal responsibility.<br /> <br /> Key Topics Covered: <br /> <br /> * School Wardrobe: Giving Teens Control Over Clothing Budgets <br /> <br /> * Teens care deeply about their personal style, making clothing a great way to introduce budgeting.<br /> * Instead of parents acting as unlimited ATMs, give your teen a set amount of money for clothes each season.<br /> * Let them decide how to allocate their budget—if they want expensive shoes, they’ll have to compromise elsewhere.<br /> * Using a gift card for shopping trips reinforces the reality of limited funds. When the money runs out, they must adjust their choices.<br /> <br /> <br /> * Car Expenses: Teaching the Cost of Driving <br /> <br /> * While families approach car ownership differently, having teens contribute to gas and insurance builds responsibility.<br /> * The more they drive, the more they pay—helping them connect behavior with financial consequences.<br /> * Teens who can’t work full-time can contribute in other ways, like running family errands in exchange for gas money.<br /> * Accidents and reckless driving impact insurance rates. Matt and Charla share how their kids learned this lesson the hard way.<br /> <br /> <br /> * Cell Phones: Why Teens Should Help Pay <br /> <br /> * A phone is a necessity for safety and communication, but extras like unlimited data or the latest device should be their responsibility.<br /> * If a teen wants a better plan, more data, or a new phone, they should cover the cost difference.<br /> * Broken screens, lost phones, and upgrades should come out of their own money— teaching them to take better care of their belongings.<br /> * Charla shares a hilarious real-life story about how her son learned (the hard way) that removing his phone case was a bad idea!<br /> <br /> <br /> <br /> Call to Action: <br /> <br /> Get the Full List! Matt and Charla only covered three of the seven key expenses teens should contribute to. Grab the full list in this episode’s show notes or visit the blog for details.<br /> <br /> Join the Conversation! What expenses do your teens contribute to? Have you seen any lessons stick? Share your experience in the comments or on social media!<br /> <br /> Connect With Us: <br /> <br /> Read more on Charla’s blog: <a href="https://beyondpersonalfinance.com/our-blog">Beyond Personal Finance</a><br /> <br /> Subscribe to our email list: Get episode updates and financial tips for teens! <a href="https://beyondpersonalfinance.com/subscribe-1">Subscribe</a> <a href="https://beyondpersonalfinance.com/subscribe-1">Here</a><br /> <br /> Explore our courses: Give your teen the financial head start they deserve! <a href="https://beyondpersonalfinance.com/">Beyond</a> <a href="https://beyondpersonalfinance.com/">Personal Finance Courses</a>
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