Teaching your kids about personal finance isn’t always the easiest thing to do, especially if you’ve made your own fair share of financial mistakes. Most schools don’t include budgeting + personal finance in their standard curriculum, so it’s up to us as parents of the next generation to educate them the best we can.
...but where do we start?
This week's guest, Alli Rosenblum, along with her co-author/best friend, Shelly Hawkins, have given us a great new resource, Not Another Money Statistic: Lessons We Wish We Learned in High School. This book is a MUST READ for any teenager, parent of a teenager, or honestly any beginning budgeter.
What I love most about Not Another Money Statistic is that it's presented in a way to prevent financial mistakes from ever happening, instead of waiting to fix them after-the-fact.
I personally wish that I would have learned more about things like taxes, how to build a good credit score, and so many other topics that were covered in this book so that I wouldn't have become another money statistic.
In this episode, Sami + Alli talk about:
- What inspired Alli to co-write her book
- Why Not Another Money Statistic is such a great resource for teens, high school students, or even beginning budgeters
- Why this book was written very simplistically and non-objective, instead of pushing a specific Personal Finance agenda
- Alli's favorite parts of the book
- Sami's favorite parts of the book
- Why the money conversation with the younger generation is so important, and how to get started with it
- Why talking about how to get and keep a job is an important topic
- Why college isn't always the best option...and what the other options are
- Why Alli's opinion on credit cards is controversial in the Personal Finance World
- What the next step is for the Not Another Money Statistic series
"Everything takes effort, staying out of debt takes effort, and getting a job takes effort, and you have to be motivated to do those things." -Alli
"Yes, college is great...obviously, that's one option, but it's not the only option. In the whole book we tried to lay out, here's multiple options...pick what works best for you." -Alli
"Setting a good foundation is that preventative medicine in the budgeting world." -Sami
- Podcast Home Page
- [Book] Not Another Money Statistic: Lessons We Wish We Learned in High School
- [Sami's Review] How to Help Your Kids Not Become Another Money Statistic
- Powersheets Goal Planner
Who is our guest?
Alli is the co-author of Not Another Money Statistic: Lessons We Wish We Learned in High School with her best friend Shelly. She also works for a Fortune 500 company, is pursuing her MBA in Finance, and runs the blog financiALLI focused. In her free time, she’s a University of South Carolina fan and enjoys hanging out with her fiance.
Listen to every episode...
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HEY I'M SAMI WOMACK
I'm the wife to my high school sweetheart, Daniel, + homeschooling momma to our 3 girls. I'm the Budgeting Coach + Motivational Speaker behind
A Sunny Side Up Life.
My family used to be in $490k of debt + living paycheck-to-paycheck, but after we hit rock bottom everything changed for us!
Now that my family has become debt free + gained financial freedom, I want to help your family do the same! My passion is inspiring women to live abundant lives through budgeting, intentional living, and positive thinking.
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