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Freedom Sprout

We Equip Parents to Raise Money-Smart Kids

Introducing: Financial Literacy for Youth (FLY)

4 minute read

The main reason I started Freedom Sprout was to change the course of history… when it comes to kids and money.

I’ve talked about how the schools don’t really teach personal finances and other things missing from the school curriculum. I’ve also given some practical ways you can teach your kids about things like budgeting, investing, saving money, and plenty of related topics.

Now it’s time to talk about what all of this is leading up to.

I started the Freedom Sprout YouTube channel to offer a series of free courses to teach kids about money. You can check out the channel here. And please subscribe while you’re there to see the new videos we publish weekly and to get the free finance course videos in the future.

After I release the finance course videos, the goal is to create a complete course on teaching kids about money, and that’s what I’m talking about today.

Financial Literary for Youth

Financial Literacy for Youth, or FLY, is the name I came up with. It may stick; it may not. The point is, we need some education for kids in the money area.

Now I’m working with a friend who runs an investment company in Mumbai, India, as well as several friends in Europe to start this course in English, and ultimately to translate it into languages all over the world.

Every country seems to have an issue with teaching kids about money.

You can see more of a breakdown on the specific topics we’re going to cover below.

Click here for a course breakdown

Parent Finance 101

  • A short course of financial basics to equip parents from the start
  • Pointers on how to continually teach your children
  • The basics of smart shopping and budgeting
  • An overview of common financial pitfalls
  • An overview of investing practices

The Importance of Work

  • How to teach your children work ethic
  • How an allowance may not be the answer
  • How to set up a pay system for your children
  • How money comes from work, not mom and dad’s pockets

Understanding Financial Systems

  • How banks, checking accounts and savings accounts work
  • How insurance works and when/why it’s important
  • An overview of the government and taxes

Important Investing Insights

  • Investing vs. saving
  • The simplicity of investing
  • The importance of starting young
  • The different reasons to start investing

Marketing and Advertising

  • How children can battle marketing by being content
  • How most marketing is directed towards children
  • How to spot marketing instead of giving in to it
  • The ultimate goal of marketing

Paying for College

  • Whose responsibility is it?
  • How to financially prepare for college
  • The different methods to save for college
  • The ways children can go to college without anyone going broke

The Dangers of Debt

  • Real stories of people who have ruined their life with debt
  • How most adults are climbing out of piles of debt
  • How to avoid getting into consumer debt

The Importance of Giving

  • Why everyone should give something
  • How the tithe may or may not apply to us today
  • The different ways to teach your child to love giving

Stewardship

  • The importance of taking care of what you own
  • Leaving things better than you found them
  • An interesting story about stewardship

The Famous Money Jars

  • Spending/saving/giving
  • Which ages to start which jar
  • The best way to use money jars as a teacher
  • One or two more jars may be the key to financial success

This is just a brief overview of some of the topics you can expect in the course. These topics (and more) are broken down into multiple videos and lessons.

I’m excited to launch this course, but I know it’s going to take a lot of work and effort from a lot of people.

How Can You Help?

I’m not asking for money or anything like that, but I could use your help.

I re-branded the Freedom Sprout Facebook group to become more of a mastermind group to decide what all we are going to include in the course.

That’s where you come in. If you’re interested in helping mold the content that will be included in this course, please join the Facebook group here and invite all your friends. Once you answer the one membership question to confirm you’re a real person, I will approve your request.

In this group, we’ll share ideas on what questions the course needs to answer and which topics need to be included. We also share helpful and motivational content to help parents—and honestly everyone—with their finances. We talk about minimalism and travel as well, and the group isn’t spammed with 100 posts a day about useless stuff.

I hope you’ll join us!

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Comments

  1. June Fishman

    Dear Kalen – I believe the new group, will be great for my 15 year old daughter, and myself.

    We are definitely interested in topics such as part time jobs, teens driving and car ins for teens, allowance or not calling it allowance, and if the teens have to earn it, by doing jobs at home, college, scholarships, etc etc etc.

    What to do, if school is overwhelming, and therefore the teen cannot hold a part time job, even if they want to, and not do much around the house, due to a heavy load at school.

    Everything you write is carefully read by me, and I would love to share this new site, with my daughter. Blessings, June

Intentional Children covers every topic and conversation you’ll need to have with your kids about how they spend and how they think about money.

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