Raising Money-Savvy Teens: How Parents Can Prepare for College and Beyond | Colleen Salchow | 009

Welcome back to CoastFI Couple! In today’s episode, we dive deep into the complexities of teaching financial literacy to teenagers in an increasingly cashless world. Colleen Salkow, an accredited financial counselor, military spouse, and mother, joins us to share her wealth of knowledge and experiences. We tackle the challenges of integrating traditional money management methods with modern financial automation, explore the benefits and pitfalls of cashless payments, and discuss practical strategies for educating kids about finances.

From the benefits of writing down expenses by hand to navigating the ins and outs of 529 educational savings plans, Colleen provides invaluable insights on ensuring your kids grow up financially savvy. We also touch on the important role of early financial conversations around college costs, scholarship planning, and the reality of student loans. Plus, you'll hear how families handle chores and allowances to instill financial responsibility and the importance of prioritizing personal financial security.

Whether you're a parent trying to teach your kids the value of money or someone interested in financial independence, this episode offers a treasure trove of practical advice, relatable stories, and expert guidance. So grab a cup of coffee (or wine), settle in, and let’s get started on this crucial conversation about money, family, and future planning!

Connect with our guest, Colleen Salchow:
Instagram: @salchowcoaching
LinkedIn: www.linkedin.com/in/colleensalchow/
Facebook: www.facebook.com/salchowcoaching
Website: www.salchowcoaching.com

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