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Podcasts for children on finance
Financial education is of paramount importance in our society today and is one of the crucial factors for successful life planning. Therefore, it is never too early to educate children and teenagers about money. Children can learn the basics of money management at a young age, preparing them for their future lives. Podcasts are a great way to do this in an entertaining, simple, and informative manner. In this article, we will introduce you to some of the best podcasts that either specifically target children and explain money management in an easily understandable way or podcasts that aim to help parents with financial education.
The best podcasts and episodes on financial education reviewed
Since financial education is a complex and critical topic, many parents often feel overwhelmed due to their own knowledge gaps when trying to teach it to their children. They often lack the right words to explain money in a child-friendly way. Fortunately, there are now numerous podcasts dedicated to helping parents with financial education and assisting them in this important task. Below, we have compiled some of the best podcasts for parents and children.
How do I explain to my child? - The podcast by Elisabeth Leitner
The podcast "How Do I Explain to My Child?" is an entertaining and informative companion for parents and children. It is presented and hosted by Elisabeth Leitner, an experienced financial advisor with over 13 years of expertise in the finance industry.
In each episode, Elisabeth Leitner takes a relevant topic from the world of finance and economics and explains it in a way that even the youngest listeners can understand. The episodes cover a wide range of topics, including allowance, contract commitments, account management, and even debt. Each episode is short and concise, lasting a maximum of 5 minutes, making them suitable for the attention span of young listeners.
The podcast can be listened to with a subscription from providers such as Apple Podcasts, Pocket Casts, Spotify, or Deezer.
Allowance - The podcast by PapaJahre
In the podcast Allowance, blogger PapaJahre presents financial topics in a way that is easy to understand for children and teenagers. In his episodes, he addresses children and teenagers directly, offering them helpful tips on allowance and student jobs. He answers practical questions like: “Are children and teenagers allowed to improve their allowance with small jobs? And if so, from what age and for how long?”
The podcast episodes are available on various platforms such as iTunes, Spotify, Amazon Music, Deezer, Castbox, or Podcast.de.
The podcasts by Monkee
Monkee is a platform specializing in financial education for children and teenagers. With the goal of bringing financial education into the family, Monkee offers informative podcasts and blog articles specifically focused on financial topics for young people.
In addition to blog articles and e-books on financial education, Monkee also offers several podcasts on money and education on their website. In the MoneyTalk podcast, they have conversations with experts from the finance industry, such as financial author Jasmin Höcherl.
The podcasts are available for free on monkee.rocks and all common streaming platforms.
Financial education for children - Finanzheldinnen
The episode of the Finanzheldinnen podcast on financial education for children is also recommended. Here, parents are provided with the most important tools for financial education in a compact 50-minute format. In this episode, economic journalist Barbara Kettl-Römer, who has successfully published several books on financial education for children and teenagers, discusses how parents can teach their children about money.
The episode can be listened to for free on the Finanzheldinnen website or with a subscription on all common streaming platforms.
Kakadu - Podcast - Episode on money by DLF
The Kakadu podcast is a show by the renowned broadcaster Deutschlandfunk, dedicated to exploring various topics in a child-friendly manner. Although not purely a finance podcast, it has covered topics like poverty and the significance of money over the years. The podcast is aimed at very young listeners aged 6 to 12 years. The unique aspect of this podcast is that children themselves also get to speak.
The podcast can be listened to for free on the DLF website.
The importance of financial education for children
The importance of financial education for children cannot be overstated. Early understanding of money and financial concepts lays the foundation for a secure financial future. Financial education not only helps children better understand how to manage their allowance but also imparts important life skills. They learn how to create a budget, save, and make wise financial decisions. This knowledge enables them to handle financial challenges in adulthood confidently.
The risks of financial ignorance in children
The risks of financial ignorance in children are real and can have serious consequences. Children who do not receive financial education are more susceptible to debt and financial insecurity in adulthood. Without the necessary skills and understanding of money management, they may struggle to make smart financial decisions.
Financial ignorance can also lead to a lack of confidence in managing money, affecting various areas of life, including education, career, and personal relationships.
Prepared for rapid technological development
Moreover, due to inflation and rapid technological development, traditional methods like maintaining a savings account are losing significance. If money is simply "traditionally" saved, it often loses its value over time. Therefore, it is crucial to familiarize children and their parents with various investment options early on. In addition to educating them about traditional investment options, such as acquiring precious metals, newer investment opportunities in cryptocurrencies should also be addressed.
