Kate McKinnon’s Video About Kids and Money Will Make You Laugh So Hard
Think talking to kids about money is uncomfortable and difficult?
Then you haven’t seen “Saturday Night Live” comedian Kate McKinnon do it.
McKinnon teamed up with financial journalist Beth Kobliner — the author of “Make Your Kid a Money Genius (Even If You’re Not)” — to create a video dropping some financial knowledge on a group of young children.
It’s cute, hilarious and will give you some tips on how to broach the touchy subject of money with your kids.
For instance, using arcade game tickets to “buy” prizes at places like Chuck E. Cheese’s or Dave and Buster’s can help children learn the lesson of sticking to things you can afford instead of taking out loans.
Or you could borrow McKinnon’s method of using pizza to teach your kids about delayed gratification. Which do you think they’d go for — one bite of pizza now or a whole slice after waiting a little while?
McKinnon also showed it’s good to have early discussions about future careers — even if kids come up with weird jobs like a gagitator. (You must watch the video!)
The information is very timely as April is Financial Literacy Month.
Kobliner pops in throughout the video to help reinforce the personal-finance lessons. She also shares more helpful tips on teaching kids about money on her website.
As Kobliner states in her book, kids’ basic money habits are formed by age 7. So it’s important to have money talks with your children sooner rather than later. Add some humor to the mix, and those conversations won’t be as difficult as you think.
Nicole Dow is a staff writer at The Penny Hoarder. She enjoys writing about parenting and money.