Episode 3-How we taught our kids about money (taxes and work) from an early age

In this conversation, Sally Phillips discusses the importance of teaching children about money management, responsibility, and the concept of taxes from a young age. She shares her family's approach to financial education, which includes implementing a chore system that correlates with earnings and taxes, encouraging saving for specific goals, and allowing children to experience spending their money. The discussion emphasizes the long-term benefits of instilling financial literacy in children and offers advice for parents on how to approach these conversations.