Parenting is hard!

Mike eases the burden a bit with some tips about money for parents with children college age and younger.

This video is part 1 of a 3-part series called “Sandwich Money”, where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.

Part 1: Financial Advice for Young Parents

Part 2: Financial Advice for Adults with Children in the Workforce

Part 3: Financial Advice for Adults with Aging Parents

Topics in this episode include:

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• Why is money an important topic for parents with young children?
  
• What does it mean for a kid to be financially literate?
  
• When is the right time to talk to kids about money?
  
• How do you explain the relationship between work and money to kids?
  
• How do you make learning about money fun for kids?
  
• How can we help children understand the value of money when it’s digital?
  
• How to teach kids about saving money.
  
• When should you talk to your child about credit cards and credit debt?
  
• How can I teach my child about investing money?
  
• How can an advisor help parents with young kids?
  
• What’s the difference between trust and a will?
  
• What’s the going rate for allowance?
  

Connect with Sophie

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• LinkedIn: Sophie Howell
  
• Cook Wealth Bio: Sophie Howell
  

Connect with Mike

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• LinkedIn: Michael Holloway, CFP®
  
• Cook Wealth Bio: Mike Holloway