3 Ideas to Share and Save – 013

Memo from the Chief Mammal Header

“Working to help parents raise money-smart kids.”

Hi!

Spring is on the way, and restrictions are beginning to lift. People are getting vaccinated, and kids are heading back to school. There’s a sense of relief, and I can feel the energy surrounding a new day’s dawning as we emerge from the grips of this pandemic.

I believe a new day is dawning for our programs too.

Welcome to another edition of 3 Ideas to Share and Save.

— 1 —

Our Money-Smart Machine: For folks of a certain age (mine), the Bat Computer might evoke fond memories.

“Computer! Why are our capes made of satin?”

Batman would simply ask his Bat Computer (à la Amazon’s Alexa, but bigger) for information, and it would spit out answers on a punch card.

We built our own Bat Computer of sorts on our brand-spankin’-new Art of Allowance Project site. Though it is not yet voice-activated, you can now easily access blog posts, podcasts and a growing library of videos by topic, age group and media type. Give it a whirl in the Answers to your biggest questions about kids and money section of the new site.

If your search doesn’t turn up a helpful resource, then please let me know. We’ll do our best to answer your question quickly.

— 2 —

Dr. Brad Klontz: Because I knew we were building our own Bat Computer, this year I made it a point to find great podcast guests to help fill in our knowledge gaps. I wanted to feature guests to help us deal with pressing issues facing parents raising money-smart kids.

Brad Klontz on The Art of Allowance Podcast

I think my latest conversation with money psychologist Dr. Brad Klontz addresses one of the most important topics when raising money-smart kids — parents’ coming to terms with their own hang-ups or money shame. I mentioned the Klontz Money Scripts in my last memo, and on the podcast Brad and I discuss how to understand and overcome generational money issues to help us become better money models for our kids.

— 3 —

Why Is The Price of College So High?: I was fortunate to interview Ron Lieber of The New York Times earlier this year. He is the author of a new book, The Price You Pay for College: An Entirely New Roadmap for the Biggest Financial Decision Your Family Will Ever Make, which I highly recommend.

Earlier I mentioned that we’re upping our video game. To that end, we just released the first short video of our podcast conversation. It will be uber-relevant if you’re like me — wondering with your college senior where her education journey will take her.

Thanks again for taking time to read this newsletter, which I’m trying to grow with your help. If any of these ideas resonate with you, then I’d appreciate it if you could share them with friends and colleagues.

Enjoy the journey.

John, The Chief Mammal