🙌 On this episode of The Get Ready Money Podcast, I spoke with Karen Holland, Founder of Gifting Sense about teaching our kids to think before they buy.

🧐 In this episode we discussed:

🔹 How the DIMS (does it make sense) score helps kids (and adults) make well informed decisions before spending money.

🔹 Basic financial literacy is a human right.

🔹 Our money personality is relatively stable and established by adolescence.

🔹 Thinking before buying is a simple habit.

🔹 Slow down with your money: FOMO (fear of missing out leads to spending with speed, which can lead to regret.

🔹 Think about the total cost - lay bare the facts of a purchase.

 🎥 Watch this episode below: 

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🎧 Listen to the podcast below or on your favorite podcast app.

Connect with Karen Holland: 

Gifting Sense Website (here)

LinkedIn (here)

Mentioned this episode:

•  DIMS SCORE® Calculator: https://giftingsense.org/gift-survey/
•  Remember Shopping From Home at Midnight? Blogpost: https://giftingsense.org/article/remember-shopping-from-home-at-midnight/
•  Answering UChicago’s “Questions to Pose” Blogpost: https://giftingsense.org/article/answering-chicagos-questions-to-pose/
•  The Get Ready Blueprint: A 52 Week Guide to Changing the Way You Think About Money by Tony Steuer (here)
•  The Missing Link: from College to Career and Beyond Personal Financial Management by Fred Selinger (here)
•  The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life by Robin Taub (Amazon) https://amzn.to/4aVQyGr
•  Frequency Budgeting: Can't stick to a budget? Try these tweaks instead with Wendy De La Rosa (TED) - (here)

Bio:

 Karen Holland has been making learning about money immediately helpful to school-aged children for over 9 years through her early financial education Not-For-Profit Gifting Sense, home of the DIMS - DOES IT MAKE SENSE?® SCORE Calculator. A free and safe online tool that introduces children to the habit of asking & answering simple questions about typical childhood purchases, before, anyone spends a dime. Karen worked for Canada’s largest bank before having a family that is now grown up. She has an Honours Bachelor of Arts Degree in Economics and a Master’s Degree in Economic History.

Gifting Sense has been recognized at the Money Awareness & Inclusion Awards three years running, in 2022, 2023 and 2024.