My kid is just over one and has about $4,000 in a brokerage account. His net worth might be higher than mine. But it turns out that investing for your kids is only one small piece of setting them up, and I had never once thought about protecting Becks’ identity. I even skipped identity protection when I added him to my benefits this year. So Alex and I are getting into what parents overlook, starting with the stuff that doesn’t cost much. We also have some big news: For the Hayters Foundation is officially live, and Wallet Therapy is now part of it.The SolutionOxygen mask first: Paying off debt and saving for retirement come before investing for your kids. The free stuff can start now.Money talks at every age: What to teach little kids, elementary and middle schoolers, teens, and young adults, without trying to raise tiny financial experts.The allowance debate: Why basic household chores might not earn a paycheck, and how bonus jobs can teach cause and effect.Honest without the anxiety: Try “that’s not what we’re choosing to spend our money on right now” instead of “we can’t afford that because we have too many bills.”Credit freezes for kids: How to mail the three credit bureaus, what documents you need, and what a freeze can and can’t protect against.Authorized users: How adding your kid to a credit card can give them a head start, and why you should skip it if you’re still struggling with credit card debt.Life insurance basics: The questions to ask if something happened to you or your partner, plus the difference between term and permanent coverage. Part two is coming with beneficiaries and estate planning.This week’s homeworkChoose one money habit to start practicing with your kid, like swapping out “we can’t afford that.” Then start a simple checklist for the rest and work through it over time. You don’t have to do it all in one weekend. No kids? Send this to someone who has them.Connect with usPatreon: patreon.com/beckyhayterEmail: [email protected] more about the For the Hayters Foundation, volunteer, or look into our open board seats at forthehayters.org.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.