Latest / The BIG Home Ed Conversations | Home Education / Topic Challenge: Capital Allocation & Investment with Kids

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Topic Challenge: Capital Allocation & Investment with Kids · The BIG Home Ed Conversations | Home Education

0:13
Hello everybody, welcome to the big home Ed conversations.
0:16
My name is Kelly Rigg. I'm a home Ed mom of two and a
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qualified mindset and ADHD coach.
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I'm passionate about supporting parents and neurodivergent
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families as they navigate children not OK at school and
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ultimately then the transition from mainstream schooling into
0:29
home education. I'm here together with my lovely
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Co host Ashley Venerio, A fellow home Ed mum of three and former
0:35
primary teacher. We created the big Home Ed
0:37
Conversations podcast with what began as honest, heartfelt talks
0:41
around the coffee table, and it's now grown into a space
0:44
where hundreds of listeners now tune in for real, unfiltered
0:46
conversations about alternative education, mindset and
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educational philosophies. We cut through the noise and we
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try and focus on what really matters to home educating
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families. This season we have been
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sponsored by Strew, a home education logging app that's
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been developed by a home educating mum and her brother.
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They have given us access to the app to play around with and to
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enjoy over the next few weeks and we are basically then
1:09
reviewing it and letting you know what we like about it.
1:12
We have really been noticing both myself and Ashley were
1:14
chatting before we got on that. We really particularly enjoy the
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feed. So you get to kind of upload
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photos. You can write a bit about what
1:22
you've been up to as well, can even scan, scan things and stuff
1:25
like that to kind of put in there.
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And ultimately then it kind of runs through an AI kind of
1:31
profile, which helps to figure out whether or not it's kind of
1:34
covered reading, literacy, mathematics, etcetera, and gives
1:38
you these study points. But what's really fantastic
1:40
about it is when you've logged it all, you've clicked down and
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it's all kind of put it into the system, you then got this really
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great feed that you can scroll through.
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So if you're sticking photos in there, it's a really lovely
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opportunity to actually look back on the memories of what
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you've been up to. I know that I do take photos
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quite a lot of what you've been up to.
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And they sit in my phone with no comments attached to them
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whatsoever. And ultimately my, I'm then
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relying on my brain to remember what was so great about that
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activity? What was it that we did and why
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did we enjoy doing it so much and why did we feel like it was
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worthy of noting? And so I really love the fact
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that I can go back through and have a have a scroll and see
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kind of just these lovely images, but then also some text
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and information that I've written, but also that the AI
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and it has helped kind of glean from it as well to help me
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really know what we've been up to.
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I'm loving the look of it as well.
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I think opening the app and seeing the feed full of pictures
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is so helpful in just visualizing what we're doing in
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our day. I think it's really great, isn't
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it? I mean, I think we're definitely
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going to uncover lots of other things we like about this over
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the next few weeks. So we'll tell you more about it
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next week. For now though, I'm sure you're
2:46
all absolutely dying to hear how on earth we managed to cover
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capital allocation and investing with our children.
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Now we've absolutely done ourselves a number this time
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because we recorded one episode and now we've literally given
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ourselves what is that, five days between episodes before
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we've actually been recording again because our schedules are
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a little bit wonky with Easter holidays.
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Not even because we like 4. It feels like 4 days.
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So I don't know. Felt really short.
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It has been really short. We have been a proper like mad
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dash to try and actually cover this, which I think even a week
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is going to feel like a mad dash sometimes.
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But we're going to have fun with it.
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So you'll have to bear with us. We've done some other things
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we're going to talk to you about and we're also going to do some
3:24
more in the future. So what is really great though,
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is what we're going to do alongside this is make sure that
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on our blog, if you head to our website, bighomeedpodcast.com,
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we have a blog. We will be doing a blog every
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week which will list the resources that we've ended up
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using. So do remember to go in there
3:38
and grab that and make your life easier.
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So don't feel like you've got to scribble down everything that
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we've said. We will be putting it out there
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so that you can obviously read up on what we've been up to.
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But yeah, so I guess my initial reaction to this topic was man,
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like this is hard work. Like even this is like a new
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thing for me as a grown up that we were literally laughing just
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before we got on about my, as I started looking into this, it
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made me go, I've got a pension pot somewhere.
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Where is that pension pot? Who, who's it with?
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I can't remember where it was now.
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And I found myself just going and having a little look at it
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because I kind of wanted to show the kids like the investments
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and allocation that I've done with my capital and see kind of
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to sort of explain why those things are important.
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This is like an initial chat about it.
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And I was really like, like, my goodness, I have not got my
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stuff together. Like this is not great, is it,
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to be honest? So it's actually been quite
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insightful from that perspective as well.
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Like it did make me stop and think like, where am I doing
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well with this? Where am I not doing so great?
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Are there anything else that I'd like to be doing?
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And actually there's there's lots.
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And I think there's a really great book I found called Why
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Money Matters. I think it's written by Deborah
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Meadon, but I've ordered, we haven't got it yet, but it looks
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really good to help kind of explain to kids and why money
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matters and, and what to start doing with it.
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And there's some really other like loads and loads of books
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out there about investing and sort of helping young children
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to start investing their money, even to the point of like going
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to the charity shop and finding a kit that teaches them a skill,
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which that skill could then one day translate into obviously
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opportunity or in a career. And so actually every time we
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develop a skill, we're investing in ourselves and that sort of
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time that we invest in ourselves is super important because it
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does equate to money later. So even just some of those sort
5:20
of attitudes was really, really good.
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But to kind of stop myself from jumping around too much, I guess
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my initial reaction was this is going to be quite difficult.
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But actually I didn't really find it all that difficult.
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Once I got started, it was actually OK.
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And I did manage to find some fun stuff to do with them.
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But but where did you start, Ashley?
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How did you feel about this when we first started?
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When we ended the podcast and I was thinking about it a bit, I
5:47
was pretty excited because we have been having ongoing
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conversations about setting up the kids bank accounts so that
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they could actually see their money and have a better way to
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keep it versus like the baggy system they've adopted in their
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bedrooms. I never have cash on me, so it
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would be much easier to actually transfer money into their bank
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accounts than to sit here and be like, OK, well, here, you know,
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you have $10. Remember that.
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It still feels like my money when we're out.
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So I don't want to actually necessarily have them spend it
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on the things they want to spend it on.
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So I think this will give some clear separation and also not
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have my daughter carrying around bags of money that then get left
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in the car and it just feels unsafe.
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So I was pretty excited from that perspective because this is
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the fire that we needed to actually get some action going.
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And I've wanted to have deeper conversations around.
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While this is important and even though the kids always think
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it's boring, it's actually probably a may be one of the
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most important skills we could teach them because it will
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impact them every day of their lives going forward, especially
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as adults. So I think it's it's a good
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thing I had had some resources tucked away and it was OK.
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Now we're going to bring them out and we're going to see how
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we can actually start doing this because it's so easy to say, oh,
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we're really busy with these other things.
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I don't want to add something else to this like schedule where
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we'll just wait. And now it's like, no, now's the
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time. So is it good?
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Yeah, I think it was really interesting as well because I
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mean, I know that it is such a kind of age-old issue now, but I
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literally went straight to the lovely AI friend that we all are
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a bit obsessed with to get me a little bit of guidance on this.
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Because whilst we do have obviously a game of Monopoly in
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the house, I was a little bit stumped.
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I was like, I don't want this to be too dry.
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I don't want them to just, I don't want to just be a lecture.
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I don't want to just sit there and be like, look at all of our
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money apps and this is how you move stuff around.
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I really wanted to make it relatable.
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And I had a kind of a concept in my head and I just wanted to
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kind of flesh it out a little bit more.
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So I was sort of saying like, right, using kind of household
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things, how can I teach my kids how kind of savings and
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investments are similar but different and all of that kind
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of side of things. Like how can I get them to
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understand that obviously when we get paid every month or
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whatever we've earned every month, that all gets allocated
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out into different things. Like we have a budget, important
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stuff gets paid for first, blah blah blah.
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I really didn't want it to be really dry.
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And I was like, how do I make this fun?
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And so basically between me and the AI delightful thing that
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basically solves all my problems, we came up with the
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concept of like a toke, a family token currency.
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So we basically created our own currency to use for the weekend,
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which is Lego blocks. And they had a spend or spent
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part. They had a save part that for
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every 5 tokens that went into it, they would get one more
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every morning. And so after breakfast every
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morning, one more would go in for every five that went in
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there and an investment part. So they could put 1 into the
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investment part. Then they had to roll a dice and
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that might either lose, stay the same, or gain 1, which meant
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that obviously the investment had the potential to grow
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faster, but also had the potential to be lost.
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So it's always a risk putting the money in there.
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You didn't want to lose it if you didn't have to.
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And then we had a family pot. So I insisted on having a family
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pot where they had to everyday put at least two tokens into the
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family pot. And if they managed to reach 20
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by tomorrow, then they're able to get a movie night and we're
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going to have Domino's and have like a proper family movie
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night. But they had to get 20 in there
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because they had to cover the, the mortgage, the bills and the
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food and everything else. Then we decided on some stuff
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they could spend their tokens on and the stuff that they would do
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to obviously earn tokens. And we decided, they agreed on
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it. We had a big chat about it and
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we agreed on what they were going to have to do.
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And they had to do if they did a worksheet, for example, or read
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a few chapters of a book or something like that, they got 2
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tokens. And so I am not kidding, my kids
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have done about 50 worksheets this weekend because I should
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have kept it because the stuff that they could spend the tokens
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on was like an extra hour on the VR, like a bit of chocolate,
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like whatever else. And it's like they literally
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have done so much school it is not even funny.
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I am just absolutely bowled over by how many things they have
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actually actively done. Like they've been checking
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constantly. They've been keeping an eye on
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it. Have I done my 2 into the family
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part? Yes, I have.
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OK, that's good. I've got 9 left.
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That means if I if I get one more than I could have an hour
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on the VR lace. Like they've been really working
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hard and it's been really lovely to see them so motivated around
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the concept of working hard, contributing to the family.
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So they're helping out with things around the house, doing
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more kind of helpful things like loading the dishwasher, moving
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the washing over for me, like all of these things and, and
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tokens. Obviously this is not how we
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would normally run our day. It would be exhausting to do
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this all the time, but it was a really great exercise to show
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them the effort in equate to money out.
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That money can then be saved or invested or spent.
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And so ultimately when we kind of refinalize this and talk
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about it tomorrow, we kind of look at the whole experiment as
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a whole. I am going to sort of say to
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Mike, right, what were some of the things that had a higher
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token value, but you spent all of them on the lower token stuff
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because it was a quick win that actually maybe you would have
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wanted to earn those bigger ticket things and you would have
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really enjoyed getting to go to like soft play, for example,
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forgot 30 tokens. They were going to, they could
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choose to get a soft play or something and they never got
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there because they just kept spending it on chocolate and
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chocolate every time. But ultimately that's fine.
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I was like, if you want to, if that's how you want to use your
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money, that's how you use your money.
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But we all learned this lesson, right?
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Because we become adults and we suddenly got money coming in.
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It's like, oh, it's just so exciting.
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I could go on holiday or I can go to the pub or I can like go
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out for dinner and I can just buy all this fun stuff.
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This is amazing. What all these money that I
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didn't have before and it is very fun and freeing at first,
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but actually very quickly we realized that if we want to have
11:48
anything big in life, like if we want to get married or go on a
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big holiday or buy a house, then we're going to have to save some
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serious Mueller. And that kind of comes later.
11:56
So I think if we did this experiment for a while,
12:00
eventually they would start to want to save up some of those
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tokens for the things equally, they might diversify the way
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they're earning their tokens because they'd get bored of
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doing it that way or whatever, right?
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And it's, I think it's really fascinating as an experiment.
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And my son did risk the the investments a few times, but he
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did find that quite tricky because obviously it's the
12:17
frustration of losing a token just just because.
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And as I said, that this is the problem, this like all it takes
12:23
is for a certain president to say something at the moment and
12:27
my stocks lose a couple of 100 quids.
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Like it's very frustrating, but you sometimes just have to hold
12:32
tight and it will recover. But you just, it can be quite
12:35
worrying sometimes, especially if you don't know an awful lot
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about it. And so, yeah, that was really
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fun. Anyway, I'll let you kind of
12:40
like share some stuff that you've been up to now.
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But that was my first day. That's what we did first and the
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kids really bought into it. It was actually really good fun
12:47
and I think really did help to demonstrate that initial
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grasping of understanding that things do grow if they're left
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in pots and left alone for a little while.
12:58
Yeah. Not for very long.
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Short attention spans and all that.
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I think also like another component of that, again, if you
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were continuing to do this or even not, but just like if one
13:07
of those items was like if you reach however many tokens, like
13:11
30-40 tokens, then you'll get to go to soft play in four months.
13:16
Like because that patience that you were talking about and
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having to, to wait to get the reward is also a component.
13:26
So it's not even the saving up. It's like, I'm not going to get
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like, if you think about saving for retirement, putting all this
13:32
money away, but like, we're not going to see it for years.
13:35
And that's a really hard thing when even even as adults, if
13:38
you're like, well, I really want to redo my kitchen kitchen.
13:42
Not bad, but I'd like to redo it because I would like it to be
13:45
more modern or functional or clean or with the, you know,
13:48
updated, whatever the case may be.
13:50
OK, but do I really need to do that?
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No, my kitchen's perfectly fine. I could put that money in
13:55
retirement, but that's pretty far away.
13:57
And so it's, it's almost something you can ignore a
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little bit because it does feel really far away, but like
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there's a, there's a risk or there's a not a risk, but
14:07
there's a downside to that, right?
14:09
Because you're missing out on potential interest.
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So anyway, it's really, it's really interesting.
14:13
That's a, that's a really fun concept.
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I like that. I think I might implement that
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on our side and see see how they do.
14:22
I'm sure they would end up doing the same thing you can.
14:24
Just see, get an easy school week.
14:26
I mean, seriously, I guess if you just do want to trade tons
14:29
and tons and tons of written school just so you can get your
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folders filled up so that you can just relax for a week, then
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by all means, do this game. It's hilarious.
14:35
They honestly loved it. They thought it was great fun.
14:38
Yeah, I think that's really cool.
14:39
I like that. Yeah, we started on a feels much
14:44
more academic, less fun introduction where we just sort
14:50
of said like, OK, what is money? Like what even is it?
14:54
We talked about how it's sort of this mix of choices and
14:56
opportunities and you can break it into the categories, which we
15:01
see over and over again. And anything that you look at
15:04
that's basically like personal finance or whatever you want to
15:08
invest in, whatever for children, which is those
15:10
categories of spend, save, investor or grow and give.
15:15
And you often see it with like these cute little jars on the
15:17
table and all the Instagram posts about the kids putting in
15:21
whether it's like actual money or like tokens, kind of to
15:24
remember seeing like little felt balls and like how they would
15:26
divide it up. So we talked about that.
15:29
And I think that at least my thought was like, let's sort of
15:36
put some words around what they already know because they know
15:41
you need money to get stuff and they know that money doesn't
15:45
grow on trees because I say that all the time.
15:48
We started that way. And then I found what I thought
15:50
was a really cute YouTube video to watch cuz they like to watch
15:53
stuff over breakfast. I think it's a good way to just
15:55
get in like a 5 minute whatever. We do it for math concepts and
15:59
things like that as well. But I so I found this YouTube
16:02
video I thought was good and they were like not impressed.
16:06
I thought was really good at like breaking things down and
16:10
presenting it in a really great child way.
16:12
Even that speaker was speaking to the children like not to me
16:14
clearly. And they're just like, whatever,
16:17
this is so boring. And they usually say that about
16:20
TV. So it's so funny how like
16:22
automatically they're like, so I was like, all right, cool.
16:26
We'll we'll not do any more of that.
16:28
So I did quickly hop on to sort of like the same as you.
16:32
I mean, I went to to AI and I said, give me like a breakdown
16:36
of what you would do to teach kids my children's age about
16:41
capital allocation, investing for a week, like unit study.
16:46
And I honestly didn't get anything like that
16:47
groundbreaking. And then so I was like, well,
16:49
what activities could I do? And I still didn't get like a
16:53
anything more than like create a fake allowance and like create
16:57
your buckets. And I was like, I want to do
16:59
that. So I did go over sort of
17:02
teacherspayteachers and I did go through a bunch of resources on
17:04
there because I do like to have my notebooks.
17:07
I'm very big fan of Montessori style notebooking.
17:10
And so do you like to have that? So I did go and find something
17:13
that was really good about that. It was this resource called
17:16
Personal Financial Literacy and it's a third grade math unit.
17:20
So I feel like that kind of slots right in the middle of my
17:22
kids age groups and it's the topic we needed.
17:25
So it's perfect and you just basically use it to create this
17:28
little notebook that breaks down like the major aspects of
17:32
basically personal finance. So I thought it was really good.
17:34
You can take a look at it through the samples on
17:36
Teacherspayteachers. It's it's sweet.
17:38
It was not expensive. So we're going to, we have not
17:41
gotten through that. I haven't even printed it yet.
17:43
I did like download it and go through it myself, but I need to
17:46
print the pages we want to do. And so that's basically where
17:50
we're going to start from like a true school perspective.
17:52
I think of anything that like goes into our notebook as being
17:55
like super schooly because they'll have to like sit down
17:57
and actually write something. But that, that was the first
17:59
piece that I did. And then I think that since
18:02
since that we've, we've done some other stuff, but I'll, I'll
18:05
let you talk more about what you've done.
18:09
Yeah. I mean, that's things.
18:10
I mean, we, that sounds lovely. At the end of the day, there's
18:13
lots of different angles you can come at this from and we're
18:15
going to try some stuff with them and they're just going to
18:17
go, it's kind of going over my head or it's not that
18:19
interesting or whatever. But that's what's great about
18:23
these topics sometimes is it actually just gives you an
18:25
opportunity to say, OK, this isn't relating to you for some
18:27
reason, why not? Let's help you understand, like
18:30
how did, how do you already do this?
18:32
Like how are you already aware of this?
18:34
When you guys choose to put some stuff in the food bank box at
18:37
Easter or Christmas or whatever, or when you guys choose to that
18:40
you're giving, when you have your pocket money and you say to
18:44
me things like I really want Domino's for dinner.
18:46
Like are you paying? You're like, yeah, OK, I'll give
18:48
you £10 my pocket money towards it.
18:49
Like I really want to have Domino's for dinner.
18:51
Like obviously I would never, I never make them do that.
18:53
But but ultimately, I would say that's really kind of you.
18:56
That's really generous and that's really considering the
18:58
family needs. And I really appreciate that.
19:00
Like that there isn't all just about having fun money to just
19:03
spend on cuddly toys. It's absolutely what they want
19:06
to do every time they go to the shop.
19:08
My son, for example, has gotten much better recent years at like
19:10
when we do go to souvenir shops, like at the zoo or whatever, if
19:14
there's nothing that really kind of calls out to him that he
19:15
wants, he doesn't spend his pocket money.
19:17
He does actually save it because he wants to get bigger things.
19:20
And they both wanted to save up for their pets last year, which
19:22
will kind of contribute towards it as well.
19:23
But yeah, but the only other thing I did really.
19:25
So far with two things. One is I sat down with my Plum
19:28
app. So that is where I do all my
19:30
savings and put my savings pots. And I explained to I only sat
19:33
down with my son because my daughter's a bit young.
19:36
She's only 6 and she was honest. She was mostly just enjoying
19:39
trading her worksheets for chocolate.
19:41
So I wasn't really reaching that one all that well.
19:43
But my son is 9 and he was way more involved in this.
19:45
He thought it was really interesting and so he was happy
19:48
to sit down with me and go through my savings app kept
19:50
asking me to give me all of my all of my money.
19:52
Apart from that, he's like, can I have half of that?
19:54
I'm like, absolutely not. You have any idea what all this
19:57
stuff is going to pay for? But it was really great to show
19:59
him like how I budget and how I keep track of how much we spend
20:02
every month and. Like where we reprioritize
20:06
money. So like if we do need to spend a
20:08
bit more on say getting a washing machine, then we'll
20:09
reprioritize it from someone, something else like the
20:12
frivolous pots, like going out for dinner or whatever.
20:15
But ultimately we've got the the Plum app, which has all my
20:18
savings pots where I structure our savings and have it
20:20
automatically take money from the account.
20:22
So I don't really think about it.
20:23
And it just helps to go into savings all the time.
20:25
So I'm not even having to consciously choose to do it.
20:28
It's just saving it for me and that stops me from feeling like
20:32
I've got to constantly analyze like what we need to save money
20:35
for and whether we can and figure that out myself.
20:38
It does it all for me. And within that I then also do
20:40
investments. So I showed him how all that
20:41
works and like the charts, like he was really good.
20:44
I showed him some of the charts with some of the stocks that I
20:46
hold. And I said, what can you tell me
20:47
about the chart? Like what's going on there?
20:49
And he was like, it went along really flat and they went up
20:51
really fast And I was like, right, So what does that mean?
20:53
And we, we had a really great chat about kind of how I had
20:56
bought some stocks when it was on that nice flat low bar and
20:59
how over the course of this year, it's now up to like 150 of
21:03
stock or whatever share. Sorry.
21:05
And then obviously he was able to go, oh, wow, So that means
21:07
that you made X amount of money. So like if I bought it at that
21:09
and it's now worth that, then I've made that difference.
21:12
So he was really comprehending the concept.
21:14
And then today we've literally just just before we came on do
21:17
the podcast, we've started playing a game with Monopoly.
21:20
So we've, we've literally got about half an hour in and I
21:22
don't think I've ever actually completed a game of Monopoly.
21:25
Like it's, it's the kind of game.
21:27
Very long. Like goodness, it can go on for
21:29
days. So I suspect that's exactly what
21:30
will happen with this one. Like it will not be done and
21:32
dusted today. It'll probably take us days to
21:33
finish it. But I'm going to try and hold on
21:35
and actually finish it with them because I do think it's really
21:39
interesting to see how eventually obviously makes one
21:41
person win. But ultimately they were both
21:43
showing really strong skills with adding up the dice, adding
21:47
up the money like different combinations of notes to be able
21:50
to buy the things they wanted to buy.
21:52
They were grasping the concept of trying to collect all the
21:54
colors so they can stop and the buildings on they were, they
21:57
were really getting the rules very, very quickly, which was
21:59
really positive for me to show that kind of the math skills,
22:01
but also their incentive. Like they were both really
22:04
intentional, but like I want to invest in the ones that are
22:06
worth a lot because then I get more money and but really got
22:09
the idea. And so actually that just all
22:11
fills me with hope that one day they will actually know what to
22:14
do. But in this sort of scenario
22:15
when it comes up in the real world.
22:16
And that the only last thing I've really got is Monopoly
22:19
deal, which apparently is a much faster game and is much better
22:22
for just this kind of so much quicker kind of Monopoly games
22:25
with them. So but we're going to give that
22:27
a game when it arrives. But got him in Amazon.
22:29
Let me down. It was meant to come yesterday
22:30
and it's not going to come until Wednesday, darn it.
22:32
So never mind. You just have to be patient.
22:34
We'll have to tell you about that one on the blog.
22:35
But yeah, that's that's basically what we ended up doing
22:37
with ours. I thought it was really
22:39
interesting. Yeah, I love Monopoly Deal.
22:41
We actually have the Harry Potter version, so it's a little
22:43
bit different, but I'd be curious to see like the original
22:46
and every person that's played it has given positive feedbacks.
22:50
I'm sure you like it. So we finally, this was like the
22:55
kick I needed to get the girls bank account set up.
22:58
So I was hoping we could have done it before we recorded but I
23:02
couldn't get appointments until later in the week.
23:04
So that is going to happen, which they're very excited about
23:07
because I probably put it off for about 6 months now and we'll
23:11
do that. And then we did listen to a
23:16
finance podcast. I searched for a few and I
23:21
didn't listen to all of them, but I ended up starting with the
23:24
one called Finance with Kids podcast.
23:28
And I have kind of some pros and cons to it.
23:31
But essentially it's a father daughter duo that are talking
23:35
about different concepts. They have 24 episodes out and
23:38
they're all from 2023. So I don't think this is an
23:41
active podcast, but I specifically chose to listen to
23:45
episode 24, which is called practicing Smart Spending Habits
23:48
and Avoiding Impulse Buying because I thought this would
23:51
hopefully help calm the chaos of bringing kids shopping with you.
23:55
And then be like, can I have this?
23:55
Can I have this? I want this, I want this, I need
23:57
this. Please, please, please, please,
23:58
please like the craziness. And I hate saying no all the
24:02
time. And I was sort of researching
24:05
this a little bit and I was, I forget where I heard this, but
24:09
some of this thing, instead of just saying no, you should say
24:12
to your kids like, if this is important to you, we can develop
24:15
a plan to get it. So I'm not going to buy it for
24:19
you today. But if you really need this new
24:22
pony stuffed animal, then let's take a picture of it.
24:25
And when we get home, we can put a plan together to save up for
24:28
it and what that will look like. And I can tell you it usually
24:32
works in the moment. Actually, it's always worked for
24:34
me so far. And never once have we had to
24:37
develop the plan. So they forget about it so far
24:41
straight. They don't care by this time we
24:43
get home. So I think it's really good.
24:46
And it's like someone was saying it's more respectful because
24:50
they to that like their perspective is so different from
24:52
ours, obviously. And to them, it can mean a
24:55
really big deal. And to constantly be told no
24:58
without a valid reason that makes sense to them is not a
25:01
really easy concept. It just sounds like a no because
25:04
I said no. Yeah.
25:05
And so I'm trying to do that a little bit more.
25:08
And I think that I was hoping that this podcast would help to
25:14
talk a little bit about impulse purchasing and why that's not
25:18
necessarily a good thing. And I will say I really liked
25:21
it. It was a good message.
25:23
It was delivered in a very short podcast.
25:25
This is like maybe 13 or 14 minutes.
25:27
It has a kid on it. So that already sounds like
25:31
someone on their level. And I thought they delivered it
25:34
well, like with a good back and forth.
25:36
And obviously it's meant for kids.
25:38
So it was a good like age appropriate podcast.
25:44
But definitely go listen to episode 23.
25:45
It's the only one I've listened to, but I am going to go and
25:49
listen to the other ones because I think they break down like
25:51
pretty big topics in a way that makes sense.
25:54
And so then coming out of it, I said, OK, let's do a challenge
25:57
as like the four of us who had just been at a couple charity
26:00
shops before we listen to those podcasts.
26:03
Let's not make any impulse purchases for the rest of April.
26:09
So for the like half a month left.
26:11
So for the rest of the month, we are not going to purchase
26:16
something that we didn't go to the store intending on buying.
26:20
And if we do want something that we see, we will have to go home
26:23
and figure out if it fits into the budget, if it's something we
26:27
truly need and all of that. So the podcast kind of broke
26:31
down what the criteria are for wanting to purchase something.
26:35
I thought they did that really well.
26:37
So yeah, really like that and thought this would be just a fun
26:40
challenge. So we're going to be doing that
26:41
and based on the sort of advice from this podcast around
26:46
practicing smart spending habits, we are going to track
26:51
their goals. So we'll get the bank account
26:53
set up. We're going to track their goals
26:55
and basically say like, what is it that they want to save for
26:57
right now? And what is our plan to get
27:00
there? Do you want to be able to
27:01
purchase this next month? Are we talking about 5 months
27:05
from now? Because that will impact how
27:06
they, how they save, how much they have to tuck away and if
27:09
it's even realistic. So we, I really liked that
27:11
podcast. I thought it was just perfect
27:13
for sort of tackling an aspect of it.
27:16
At the end, I did ask my middle daughter, well, I asked all of
27:20
them, what do you think about it?
27:22
And my middle daughter said boring.
27:25
That sounds like her, yeah. I was like, but did you, did you
27:29
like it? And she's like, yeah, I was OK,
27:31
OK, OK, I'm going to call it. Tough not, to be fair.
27:36
I'm going to call it a win. Yep.
27:37
So I did find another one that's called FI for Kids.
27:41
And the FI stands for Financial Independence.
27:43
And this is an active podcast. It started in 2024, like the end
27:47
of 2024. And it still has active ones
27:49
from I think last one was from March.
27:52
So it is still going from what it looks like.
27:55
And it seems like a good place to start for parents.
27:58
So it talks. I don't know that this would
28:01
necessarily be something that a kid would listen to.
28:04
But in reading all the descriptions for the episodes,
28:09
it sounds to me like a really great place because they keep
28:11
saying what what you would want to tell your child about this
28:14
topic, what they need to do to set themselves up to be
28:16
financially independent in their 20s, thirties, 40s, Like what
28:20
does that look like sort of preparing them?
28:22
So I think if you're not really sure where to start or even if
28:25
you are and you just want to like check yourself, these
28:28
episodes seem really interesting.
28:30
And it's definitely something that I'm going to listen to.
28:32
If it ends up being something I think my kids would be paying
28:35
attention to, I'll absolutely do it for them as well.
28:39
But at least for me, so those were kind of from the podcast
28:42
perspectives. I think as well, like I love
28:45
what you said about the budgeting and the concept of
28:47
kind of actually explaining to them when they want to get say
28:50
on Lego set, that's 20 credits. And you're like, OK, but you've
28:53
got this kind of a budget in your mind of what you wanted to
28:56
spend that day or that month. Or like you've already kind of
28:58
gone a bit nuts and you've you've gone for a few days out
29:00
or whatever and you actually really haven't got that extra
29:02
spare. And you feel a bit mean for
29:04
saying no because you've obviously prioritized money
29:06
elsewhere. And this matters to them.
29:08
But I love that kind of concept of asking them to budget and
29:10
think about it and actually come up with their own way of getting
29:13
there. I think it is a really
29:14
respectful way of saying it's like, if you really want it,
29:16
that's fine. But we've got to save up for it
29:18
and go and get it ourselves. And also, I think I really love
29:21
the idea of, I think what you're saying about them not really
29:24
caring sometimes have just been a bit like, this is kind of
29:27
going over my head or it was a bit boring, whatever.
29:29
When it's their money, it stops being boring, right?
29:32
And I think this is when my son really wanted to get a snake.
29:35
I mean, we sat down and we had a chat about it.
29:37
We're looking up how much the terrarium costs and the snake
29:40
itself and their food and blah, blah, blah.
29:42
And I was like, well, this is kind of how much it costs to run
29:44
and this is how much it's going to cost to get one and like all
29:47
this sort of stuff. And he was like, can you get it?
29:49
And I'm just like, no, I can't afford that right now.
29:52
And I was like, if this is what you really want, then we've got
29:54
to save up for. And he's like, I can't save up
29:56
that much money. That's huge.
29:57
And actually he did it in under 6 months.
29:59
Like he did really, really well doing some extra stuff to earn
30:01
some extra pocket money. And it kind of built up really
30:03
far to like birthday money and Christmas money and stuff.
30:06
But I kept saying to him like, it's you will appreciate this so
30:10
much more when you've put the effort into making it happen for
30:13
yourself. And I also think it's just so
30:14
important for them to understand that when they're given pocket
30:18
money, they can spend it on a quick win, like a cuddly snake
30:22
from a shop that you're going to play with for 5 minutes.
30:24
Or you could save that 10 lbs and that 10 lbs could go towards
30:27
something that really matters to you.
30:30
And actually, even my 6 year old was able to save the same amount
30:32
of money to be able to get her kitten that she wanted, which to
30:35
be honest, cost us a small fortune since we've got them.
30:37
But apart from that, the I could take it all from my pocket
30:40
money. But that would be mean, wouldn't
30:41
it? But the, the kind of idea behind
30:44
it is really strong. And it really helped them to
30:45
understand that there is ongoing cost and there is something
30:48
which they need to take care of. Yeah, when when they're given
30:50
that responsibility, they definitely care about it a heck
30:52
of a lot more. Yeah, absolutely.
30:56
And I think that was actually one of the messages in the
30:59
podcast we did listen to that was saying I think the girl had
31:03
saved up for an E bike. And it was like you feel much
31:06
more of a reward when you reach that milestone.
31:11
And it's the same for big purchases as an adult when you
31:13
buy your first home. Yeah, and I think that's a
31:16
really good message. And it is really hard to
31:20
understand that until you've done it.
31:22
And I thought the dad made a good point because he was like,
31:24
I'm not buying you an E bike for your birthday because clearly
31:26
that's way too high of a price point for a birthday gift.
31:29
But it was something that she was able to save up for over a
31:33
long period of time, it sounded like.
31:35
So I think that's, I think that's really cool.
31:38
And that's why I do want my kids to come up with something if
31:41
they're going to say a horse. I've already said like, I would
31:46
buy you a horse if it was just the cost of the horse.
31:48
Yeah. So until you can afford it's
31:51
been month to month you can't have one, but hopefully it'll be
31:55
something less. Lofty goals and all that.
31:58
Yes, and then we did find good. To save up for a great holiday.
32:01
Like ask him to take you to Hawaii or something.
32:03
They can. Save up for that.
32:04
Oh my gosh, Did you listen to the podcast?
32:06
Because the dad actually asks the daughter to save up to take
32:08
her to Hawaii. It's.
32:09
Just my go to. I say that to but all the time,
32:12
just like if you've got any spent pocket money, pop it in
32:13
the Hawaii pot. Yeah, I.
32:16
Love that. I love that.
32:17
I think, I think that the other piece that worked for us was
32:22
books. My kids, I think for a heavy
32:24
topic like this, they just want to be read to make, I don't know
32:27
if it sounds more personal or it's less easy to like have your
32:31
mind drift when you're listening to something.
32:33
And so I of course, have my husband lift the flat questions
32:39
and answers about money, which is perfect for my youngest who
32:43
is also six. And it's it's super cute, easy
32:48
to go through interactive. That's one that we I pulled out.
32:52
We will we've read it before, but we'll go through it again.
32:55
I have another one that's like a kids version of it's the no
33:00
nonsense being like KNOW like no nonsense guide to money.
33:06
An awesome fun guide to the world of finance.
33:08
And what I like about this is each, each concept is a page and
33:12
there's all these great topics, income, profit and loss,
33:15
crowdfunding, banks, investing. And it takes one page to show.
33:20
So it's very short. Yeah.
33:23
And it's colorful and it's broken into the topics of what
33:27
is money and then earning, saving and spending and
33:34
borrowing. So it's kind of broken into
33:36
those concepts, which are really cute.
33:38
Then I have like older ones. Investing for kids.
33:42
This was recommended by someone on on Instagram and I like this
33:46
one because it's really colorful and it shows a lot of just like
33:51
fun diagrams. Nice and.
33:54
It talks a lot about the history.
33:56
So it'll go into like money, who invented money?
34:00
How is it manufactured? How do we end up with our
34:02
monetary system anyway? And it goes into the history,
34:06
historical notes, the history of money.
34:08
So it talks about how the money has changed, how we've gone to
34:10
where we are today. It talks about stock.
34:12
It talks about financial bubbles and it definitely is not
34:16
something for my younger to, I don't think at this point, but I
34:20
think parts of this we could start to get into.
34:24
I don't think it's ever too early.
34:26
And then I have another one investing for kids from piggy
34:30
banks to portfolios, which is super cute as well.
34:33
This one is black and white, so it's less colorful, but it does
34:36
have like a younger tone to it. It also has history in it, which
34:41
I think is really cool. And then it has all these like
34:43
fun facts. And so for example, one of the
34:46
first fun facts says that like currently the highest
34:49
denomination of the US dollar is 100.
34:52
However, there were denominations of 500, a
34:54
thousand, 5010 thousand. What's really cool is that they
34:57
are still considered legal tender and might still be out
35:00
there in circulation. That's.
35:01
Cool, so it's just like all these fun little facts.
35:05
Yeah, I knew you'd have some good books because Ashley is our
35:09
bookworm. She's always got some good
35:10
books. We'll have to definitely list
35:12
all those on the blog because I think there was a couple there
35:14
that I was looking at. Yeah, I love that in the basket.
35:18
So I'll certainly kind of look those out and and go back and
35:21
find those because I wasn't sure looking at the sort of front
35:23
cover, I wasn't sure if they were the right ones or not, but
35:25
I like the look of those. That's really cool.
35:27
Yeah, they're really cute. And I think what's really
35:30
important to recognise for these subjects as well is that
35:33
ultimately where I don't think I got a lot of this education as a
35:36
child, I definitely was obviously taught math and I had
35:40
those sort of grasping in concepts of addition and all the
35:42
rest of it. But I business studies was a
35:44
whole separate thing that you chose, you could opt in or out
35:47
of at GCSE level. And so I never got any of the
35:50
business understanding and I went into employed work thinking
35:54
that that was the only real way to make money and that's the
35:56
only way to be stable and all the rest of it.
35:58
And ultimately that wasn't, and I should have known if I'd have
36:01
known a lot more about kind of the concept of growing my own
36:04
portfolio or investing in things or like I didn't invest in
36:07
anything. No stocks, no nothing.
36:09
I had savings accounts, but no investing apart from my property
36:13
until about 3 or 4 years ago. And it's just all this stuff
36:16
that I just was never taught about.
36:17
It was never on the conversation topic list at school, at home,
36:22
nowhere. And so ultimately, I know that
36:25
that has left me like if I'd been able to invest in some
36:27
stuff when I was, I don't know, 18/19/20, then goodness knows
36:30
how much those things would be worth now and ultimately would
36:33
have helped to potentially kind of dig us out some of the holes
36:36
we've ended up in. So I have definitely found
36:39
myself feeling more intentional since starting this.
36:42
I know it's only been a weekend and I get that we all going to
36:44
kind of like we have dip in and out subjects all the time, but
36:46
it has definitely made me think that this is something that I do
36:49
want to ensure we keep a part of our learning.
36:52
But I talked to them about it doesn't have to be a constant
36:54
project and a constant like drilling into them, but it's
36:56
certainly something that we can bring into conversation.
36:59
Talk about budgeting, talk about why we don't spend all our money
37:02
on Domino's, why we spend our money on books to learn more
37:06
things, to be able to invest in ourselves, to grow and to do
37:08
more things like I've spent money on, for example, like a
37:11
DHD coaching course. It was a massive investment into
37:14
myself, but it's worth it because that will equate to me
37:17
having a bigger, stronger business going forward.
37:19
And I can help more people. And it's it helps me to to
37:22
succeed in life. And obviously the time that they
37:24
spend investing in their learning and the topics that
37:26
they put their energy behind and all those moments when they are
37:30
developing their social skills and all of it, it's helping them
37:32
to understand that all of that does equate to what their life
37:38
over the expectancy they can have of their life and what
37:41
they're going to kind of get out of it later.
37:43
All those things are investing in the future.
37:47
And so I do think it's really important to kind of bring this
37:49
conversation up from time to time as they're kind of wanting
37:51
to impulse buy something or when they when they just want you to
37:54
be frivolous or when you know what I mean.
37:56
All these moments when you kind of go, well, I know you want me
37:59
to spend £10 on ice cream, but if I go to the shop, I can buy a
38:02
packet of ice creams for £2 and then everyone gets an ice cream
38:06
for 2 lbs versus if I buy them here, which will be 10 lbs.
38:10
And it's like helping them to understand that there is
38:12
actually an importance in saving that money and that saving it
38:16
means we get these bigger, better things later.
38:19
And that is a really important skill.
38:21
And it's something which I think so many people, I knew people at
38:24
age 18 who were already blacklisted who literally just
38:28
for credit, they literally they'd gotten credit cards a
38:30
second, they're allowed one, they'd Max them out.
38:33
They couldn't keep up with the repayments and all of a sudden
38:35
their payday loaning and getting themselves in a massive hole.
38:39
And yeah, just shocking, like absolutely shocking.
38:42
Was myself and my partner at the time.
38:45
I'm still with today. Like we met when I was 17.
38:47
We had a we had a place, we had money in the bank.
38:50
We were saving really hard to buy our own home.
38:52
We were, we did all the things and we, we had to go, we got to
38:56
go on holidays and all sorts because we were really very,
38:58
very frugal and we kept a lot of our money and we saved a lot of
39:00
our money. And it really shocked people
39:02
that I worked with at the time because obviously everyone was
39:04
so young. We're like 1819 years old and
39:06
they're like, how are you going on a holiday?
39:08
It's like, because I don't come to the pub every Friday night
39:11
and spend my entire pay packet. You guys literally spend the
39:15
whole thing every Friday afternoon.
39:17
Like that is nuts to me. It's like, fine, you've had fun,
39:20
but have you actually? I've like, got anything to show
39:23
for it? No, and I'm not a very
39:24
materialistic person. I much prefer experiences and
39:27
life lived, and I'm hoping to draw that into my kids as well.
39:30
But we remember that the memories we make are the
39:32
moments, not the stuff. Yeah.
39:35
And that's so like most of the time that is the case.
39:38
Maybe you might remember a car or you might remember a house or
39:41
something, but not so much like that particular cuddly you got
39:44
from that zoo that one time. It's like it's just not going to
39:47
stick with you forever, is it? And I think that the piece to
39:51
this too, that's really important is like, they're going
39:53
to make mistakes. And so to the, the story that
39:55
you said of like friends that were already in financial
39:57
trouble at such an early age, like we, I want my kids to make
40:01
those mistakes now when it's like 30 lbs of their pocket
40:05
money versus like they now owe like 30 grand to a credit card
40:08
company. Yes, so exactly.
40:11
I, I think like that's the piece where I, I really want to say
40:15
like, you have this much money in your bank and if you want to
40:18
spend it all on that, that is your choice and you're going to
40:20
feel the repercussions of that. Possibly really, really cheap
40:24
plastic toys that break 5 minutes they really gutted.
40:27
And you're like, you don't want to say I told you so don't just
40:29
be cruel about it. But you'd certainly have had
40:31
moments when I've been like, it does, yes, you keep buying these
40:33
things and they break every single time and you're sad.
40:36
It's like, remember, quality investments get us quality
40:40
outcomes. If we're buying something which
40:41
we know is going to fall apart, Please remember that you're
40:44
going to be sad. Like, don't buy another one.
40:47
You know, it's a waste. Yeah, I think it's really
40:50
interesting. It is and one of the things that
40:52
I think it's really interesting, just like sort of tapping into
40:55
our last season and like changing perspectives and like
40:59
thinking about the other side of things.
41:00
I am much like you and saying that I love experiences.
41:03
It's super important for me to travel.
41:05
That is just something that I really, really feel strongly
41:08
about. But there are individuals who
41:11
don't think that at all for this fascinating book, and I can't
41:17
remember the name of it, but I could look it up to get it.
41:20
But that speaks about a couple, a couple who didn't have a lot
41:24
of money, but it was really important for the wife to
41:26
travel. And she really wanted to go to
41:28
Paris and they only could afford to send her.
41:32
And so the husband stayed at home and she went and got to do
41:35
this travel. And then I don't know, 10 years
41:38
later or 20 years later, he got to go.
41:41
And it was really important like that they were able to do this
41:45
trip and but they couldn't do it together because financially
41:48
they couldn't afford to send two people.
41:50
That said, part of the story talks about how I don't remember
41:54
if it was like a their son or just someone else, but how he
41:58
was saying that he doesn't ever travel because he's like it.
42:03
Then you just end up coming home and you have nothing to show for
42:05
it. Like you, yes, you went
42:06
somewhere and you saw something different, but there's no
42:08
physical component. And so for that person to spend
42:12
money on something that you don't get to hold for more than
42:16
the week that you travel is a waste of money to them.
42:20
So like they, they don't value travel because it is not a
42:25
permanent thing. Yeah.
42:28
Physical thing to nothing that they can hold.
42:31
Yeah. And that's really interesting.
42:33
So like for that person, they might prefer to have a newer car
42:37
or upgrade their TV that they see like every day because they,
42:42
they feel like that's more important than spending a ton of
42:46
money for a week experience that then you have nothing, nothing
42:49
left. Like you've done it and it's
42:50
over and that's it. And so I think that's really
42:53
interesting because that's not how I feel.
42:55
No, yeah, it's, again, it's important reflection that you
42:58
consider why people might prioritize spending on certain
43:01
things. And I suppose it depends as
43:03
well, sometimes what you lacked or what you didn't get to have a
43:05
lot of. 100% you're, you're like, is 100% going to drive?
43:09
Yeah, that's crazy. Yeah.
43:11
So I think like talking to kids about like their goals and
43:14
what's important to them obviously could be different
43:17
from what's important to us. And that's fine.
43:20
It's totally fine. But yeah, at least just allowing
43:22
them to experiment with it and hopefully make some mistakes now
43:26
that they can learn from for when it really matters.
43:29
Will be will be good I. Think this has been really
43:32
fascinating. I hope everybody else's will
43:34
agree. I know we've talked to you about
43:36
it for quite a long time, but it's it's a really great subject
43:40
and I think it's definitely one to explore.
43:43
And I'd be really fascinated to know like if you're now
43:45
listening to this and you've done some stuff too, like you're
43:47
joining in with this as we're going along, or if you're kind
43:50
of listening to this and you're now going to go away and do some
43:52
of our ideas, we'll try some stuff out.
43:53
Please, please, please come and tell us.
43:55
Come and comment on one of our posts on Instagram or tick tock,
43:57
whatever and tell us what you've been up to.
43:59
But obviously now we basically get to pick for next week, so
44:03
whilst we kind of wrap up all the fun stuff that we're still
44:06
doing without this subject, this is going to get hilarious by the
44:08
end of this, I know we're going to teach.
44:10
Like so many things. Honestly, me and Ashley are
44:12
going to be a mess. Forget math and language arts,
44:16
it's all the extracurricular. That's fine.
44:18
We've done monopoly, we've done some maths, it's all good.
44:20
So yeah, so we're going to pick another one.
44:21
So we've got another one in here.
44:24
I wonder what we're going to get.
44:25
Hopefully we'll get something slightly more fascinating than
44:28
this one felt to start off with. Yes, it is a completely
44:31
different 1. Yay.
44:32
I was really hoping we would. So we've got food around the
44:35
world. OK, so this is a tricky one in
44:39
our house because obviously we are a neurodivergent family,
44:42
which means that we have come some quite specific eaters.
44:45
And this, this does frustrate me.
44:46
I'll be perfectly frank. Like, I feel like I spend an
44:49
awful lot of my time trying to make my kids try foods that they
44:53
absolutely are not going to want to eat more than this tiny, tiny
44:55
mouthful at the end of the day. It doesn't stop us learning
44:58
about it and experimenting with things.
45:01
And I mean, they had bow buns for the first time of the day
45:04
and sure, OK, they had just like plain shredded beef and a bit of
45:07
salad in it. But they really liked them.
45:09
And I was like, Oh my God, for the win, something new.
45:12
Trust them to be something like really expensive.
45:15
But it's fine. We'll find some new things.
45:20
But I love this one. I'm a massive foodie and
45:21
obviously like we're just talking about travel.
45:23
This is one of the main reasons why I travel.
45:25
I love eating the food from different countries and seeing
45:28
and experiencing and smelling the spices and the flavours.
45:31
It is just the best. Where do you like, what are you
45:34
feeling thinking about this so far?
45:35
Like if you does your brain instantly go anywhere with this
45:37
subject? Well, first, it's like a bit of
45:40
panic because I don't love cooking with my kids.
45:45
No, it's something that they they'll do.
45:48
They are happy to do it, They really are.
45:51
But I hate cleaning up after and often I will let them get
45:55
distracted and like, yeah, I'll finish up.
45:57
Don't worry about that. I'm.
45:59
Going to say no run off, you can just finish the dog.
46:01
And chocolate chips. Yeah.
46:02
But I think this is it's important to let them learn how
46:06
to do these things for themselves because what it makes
46:08
it easier for you and if you can just say, hey, go make these
46:10
muffins. But two, it's it's important for
46:13
them to have the confidence to be able to do that.
46:15
So this is good. I don't know that will
46:18
necessarily make a ton of food from around the world, but I
46:19
imagine definitely will do a couple things.
46:22
Yeah. And then we will maybe even try
46:27
a couple places out, like there's a Korean place near us,
46:29
like maybe we could try that, study a little bit about it and
46:33
those kinds of things. We did recently have tacos and
46:37
so and the girls like them, so that worked out really well.
46:40
Yeah, I was shocked by that. I think they like constructing
46:43
their own food. That's what I got.
46:45
Yeah, that does always work quite well, doesn't it?
46:46
You put it on the table and they can just tell.
46:48
Yeah. And they get to, like, make
46:50
their own little thing. So, yeah.
46:51
So I think that would be good. And hopefully we'll find
46:53
something else that they like because, yeah, I mean, we we get
46:55
in the food rotation rut and it's like, how many times can we
46:59
eat pasta in a week? I think what's quite handy as
47:02
well if you have got specific heaters like me, I was just
47:04
found myself sitting here thinking, well, OK, they liked
47:06
the Bao buns and they also my son like sushi and my daughter
47:09
would eat like versions of sushi she was making.
47:13
She's making Mashed potato in spring greens into sushi last
47:17
night. She's a strange little creature
47:18
sometimes, but the one dish isn't this good.
47:20
Excuse me? I can visualize it wrapped in
47:24
like potato wrapped in lettuce. Which is so random.
47:27
Yeah. I'm just thinking like, you can
47:28
always do it retrospectively. As well as like foods that they
47:31
have liked is that we can learn a lot about Japan and we can
47:35
learn about why they eat so much rice and seaweed and like, why
47:39
is that a thing? Like where do those foods come
47:41
from? Why do they have so much of it
47:42
there, the climate, etcetera. I think there's also some like
47:46
some really fun but gross things like was they can't try it
47:51
really, but they're Cupid or something.
47:54
It's a type of small catfight creature that eats coffee beans
47:58
and puts them out. And then it's made into this
48:00
special delicacy over in Bali that we that we tried.
48:04
I can't remember exactly what it's.
48:05
Called trying to do that. I can just see your daughter
48:08
trying to feed your kittens coffee beans.
48:12
Could you imagine? Don't talk about that with her.
48:14
No, maybe not. Fucking certainly We can talk
48:16
about some of the like, really weird foods that people eat
48:18
around the world. That could be really.
48:20
You're quite funny. Yeah.
48:22
And also like, places where there aren't a lot of food,
48:24
like, we're reading a book right now that takes place in China.
48:28
And it's talking about like, the family works all day just to
48:31
have one bowl of rice at the end of the day.
48:33
And they got a goldfish, and they had to feed the goldfish,
48:38
obviously. And the mom was really upset
48:41
that the daughter bought the goldfish because she's like, we
48:42
don't have any extra rice to feed your fish.
48:45
And the girl ended up giving her fish, releasing it really,
48:49
because she said, I don't want my dad to have to give away his
48:53
four pieces of rice. Yeah, even 4 pieces of rice
48:57
because it's. They have so little like that.
49:00
Yeah. So I think there's even ways to
49:02
talk about food waste and like, also like places that what what
49:09
restaurants in our area or what shops in our area donate food
49:12
that isn't used. Like are is there a way to kind
49:15
of get a sense for what that looks like?
49:16
So yeah, I think there's a lot of opportunity to kind of take,
49:19
listen many angles actually. Yeah, that's really, really
49:22
important. I think.
49:23
And I think definitely kind of going into the like where things
49:26
grow well and where things don't grow well.
49:28
And therefore why certain areas tend to and also being able to
49:32
just like if you look at back at like the way that we have made
49:34
food historically, we should have been hunter gatherers and
49:37
we've gradually become kind of sat down, started to farmland
49:41
and become agricultural. But actually that was the start
49:43
of the demise of human beings and the growth rate of disease
49:47
and all sorts of issues in humans.
49:49
There's lots of history behind it as well.
49:51
OK, this was interesting. As soon as we start talking
49:54
about it, we're just like lots of things we could possibly
49:56
cover. So it'd be interesting.
49:57
So like last week, me and Ashley have to go away now and do this
50:02
task without talking to each other.
50:04
We're not allowed to tell each other what we're doing.
50:06
So we don't want to give each other ideas.
50:07
So then we come back and we share what we've done at the end
50:09
of the week. And yeah, so we will obviously
50:11
be catching up on it ourselves in a week's time.
50:13
But if you guys are joining in with this food around the world
50:17
is your topic, go have fun with it.
50:19
Come up with some great ideas. Come and share with us what you
50:21
end up getting up to on TikTok and Instagram or send us an
50:24
e-mail, whatever you want. And then we'll obviously tell
50:26
you what we did next week. But thank you guys for listening
50:29
as always, and we'll see you again soon.
50:34
You've been listening to the Big Home Ed Conversations podcast.
50:37
Thanks for tuning in. Don't forget to subscribe, leave
50:40
a review, and share with a friend.
50:43
Follow us on Instagram and TikTok at Big Home Ed Podcast
50:47
for updates. Also, check out our new website
50:51
at Big Home, edpodcast.com. We'll be back next week to talk
50:56
about our experiences bringing the topic of food around the
50:59
world to our children. We hope to hear your experiences
51:04
as well, so come talk to us about it on social media.
51:07
Thanks for listening.