Taming the financial lioness of middle school girl spending

Joline Godfrey, Author & CEO of Independent Means, shares advice for parents on how to teach your tween and teenage daughters financial responsibility and to limit their spending
Teaching Middle School Girls Financial Responsibility and to Limit Spending
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Taming the financial lioness of middle school girl spending

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It's almost impossible to get middle school girls to focus on financial responsibility, of course, but one way parents can begin to install the values and behaviors they want is to equate financial spending or financial responsibility and responsible spending with leadership, because parents who are with 9, 10, 11, 12 year old girls know, that those girls want to be like everybody else, that being different is really hard and so, they want to spend the same money, they wanna buy the same clothes, they want the same jewellery. What parents will do well by is to remind those young girls that they don't just wanna be followers and look like everybody else, they need to be themselves and they need to lead, they need to be ahead of the pack, rather than just one of the pack, and that's the place you can bring in financial decision making for girls.

Joline Godfrey, Author & CEO of Independent Means, shares advice for parents on how to teach your tween and teenage daughters financial responsibility and to limit their spending

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Joline Godfrey

CEO of Independent Means

Joline Godfrey is the CEO of Independent Means and the author of Raising Financially Fit Kids; Our Wildest Dreams: Women Making Money, Having Fun, Doing Good; No More Frogs To Kiss: 99 Ways to Give Economic Power to Girls; andTwenty $ecrets to Money and Independence: The DollarDiva’s Guide to Life.

A clinical social worker by training, at the beginning of her career, Godfrey was an executive of the Polaroid Corporation where she provided in-house family and therapeutic services to officers and employees. One of the first women in the nation to manage a spin-off from a Fortune 500 company, she launched Odysseum, a spin-off from Polaroid, and sold it in 1990. Odysseum was a creativity training company serving other Fortune 500 firms.

Godfrey is a graduate of the University of Maine and Boston University and was awarded an Honorary Degree in Business from Bentley College in 1995. She was a Kellogg Leadership Fellow and the recipient of the Leavey Award for Excellence, as well as the Beta Gamma Sigma Entrepreneurship Award.

Recognized in features for The Today Show, Oprah, Fortune, Business Week, The New York Times, and more, Ms. Godfrey is a frequent speaker and consultant worldwide. Godfrey grew up in a family business in Maine and lives in Ojai, CA.

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Transcription: 
It's almost impossible to get middle school girls to focus on financial responsibility, of course, but one way parents can begin to install the values and behaviors they want is to equate financial spending or financial responsibility and responsible spending with leadership, because parents who are with 9, 10, 11, 12 year old girls know, that those girls want to be like everybody else, that being different is really hard and so, they want to spend the same money, they wanna buy the same clothes, they want the same jewellery. What parents will do well by is to remind those young girls that they don't just wanna be followers and look like everybody else, they need to be themselves and they need to lead, they need to be ahead of the pack, rather than just one of the pack, and that's the place you can bring in financial decision making for girls.