105: How to pass on mental wealth to your child

Think about your parents.

Now think about money.

What kinds of ideas, images, and feelings come to mind?

Do you recall any discussions about money – or were these hidden from you?

Was there always enough to go around – or were you ever-conscious of its absence?

What little incidents do you recall that ended up becoming defining ‘money scripts’ of your life?

Perhaps it won’t be a shock to learn that just as we learned how to raise children from our parents, we also learned how to think about money from them.  And as we will raise our children the way we were raised unless we choose a different path, we will also pass on our ideas about money – unless we decide differently.

Today we hear from Dr. Brad Klontz, co-author of the book Mind over Money: Overcoming the Money Disorders That Threaten Our Financial Health (Affiliate link), who helps us to think through the money scripts we want to pass on to our children – and how to adjust course if we decide we need to do this.

Find more information from Dr. Klontz on his YouTube channel.


Other episodes in this series

This episode is the first in a series on the intersection of parenting and money.  You can find other episodes in this series:

038: The Opposite of Spoiled

107: The impact of consumerism on children

112: How to Set up a Play Room

115: Reducing the Impact of Advertising to Children

118: Are You Raising Materialistic Kids?



About the author, Jen

Jen Lumanlan (M.S., M.Ed.) hosts the Your Parenting Mojo podcast (www.YourParentingMojo.com), which examines scientific research related to child development through the lens of respectful parenting.


  1. Marina on July 8, 2021 at 6:42 PM

    How do you explain an allowance to a child? As in, he/she gets x amount of money regularly without doing anything for it? I loved the episode with Ron Lieber and am trying to implement those tips with my child. I just don t know how to explain the concept of allowance to my husband as we never had this in our families growing up.

    • Jen Lumanlan on December 9, 2022 at 5:37 PM

      Yes, I’d say that’s pretty much it…if you believe in a Universal Basic Income then you could add a discussion on that as well if you like:-)

Leave a Comment