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On the latest 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.

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.

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) 

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The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.