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Podcast: The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy
Episode: AOA 071: Researcher Ashley LeBaron-Black on the Importance of Experience, Modeling and Open Conversation in Raising Money-Smart Kids
Description: Guest Dr. Ashley LeBaron-Black returns to the podcast to talk with host John Lanza about her research focus of family finance. Ashley first defines the terms "financial well-being" and "financial socialization." She then highlights the importance of family modeling and open discussion on the money-smart journey. Ashley also emphasizes the essential nature of experiential learning and the shortcomings of classroom financial literacy. Both she and John then address the concept of money scripts, the ability of some kids (dubbed "financial phoenixes") to overcome poor modeling and the need to go beyond rational-based instruction. Dr. Ashley LeBaron-Black is...