This video teaches how to successfully engage children in the family's cash flow management and use the process to teach and empower them.
- Your children may have already noticed…that something different is happening.…Kids are naturally sensitive to their emotional environment…and it's stressful when parents fight about money.…So it's good for everyone that you're tackling…this issue head on.…But it doesn't guarantee that the kids will agree…with the changes that you're making.…Especially if they have to make sacrifices.…So let's look at ways to help your kids…become a part of this money healthy team.…For those preschool and younger,…what you say is less important than what they see you do.…
Children in this stage of development are busy picking up…role cues so where you can, try to make your efforts visible…and positive, this sends the message that managing money…is a normal and active part of adult life.…Also it's okay for them to see you and your spouse disagree…but if you do, they also need to see how you resolve it.…Disagree but fight fair, five pillars,…and demonstrate that you can work out an agreement…and hug each other afterward.…For school age children, words and actions matter.…
In this course, financial therapist Amanda Clayman shows how to tackle the financial difficulties that often sour partnerships by walking through how to create and follow a family cash flow plan. Using her five pillars of financial harmony as a guide, Amanda explains how to construct a plan that engages all family members in its implementation. Looking at money management as a system designed to meet your specific needs, she highlights common financial conflicts and shows how to create a healthy, sustainable plan. She explains how to establish ground rules for communicating effectively, prioritize each partner's "asks," assign money management roles suited to each partner's strengths, and bring it all together into a working plan.
- Why couples fight about money
- Exploring values
- Communicating effectively
- Being clear and concrete
- Negotiating successfully
- Assigning roles suited to each partner's strength
- Setting up a routine
- Creating your family cash flow plan
- Dealing with dilemmas
- Making changes
- Engaging children in your family's cash flow management process