Actress Sarah Michelle Gellar has teamed up with Fidelity to set kids up for success.

<div class="block">Many adults began using cash alternatives during the pandemic and completely shifted the way spending works in America. That means parents need to rethink how they teach kids about smart spending. Actress Sarah Michelle Gellar has teamed up with Fidelity to set kids up for success.</div>

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Sarah Michelle Gellar Is Helping Parents Teach Their Kids How to Spend Smartly

Our first guest star in the classic movies, Cruel Intentions. And I know what you did last summer, but we all know her and love her for her role as Buffy the Vampire Slayer. But besides being an Emmy Award winning actress and producer, Sarah Michelle Geller is speaking out about the importance of teaching financial literacy, especially to young people. Sarah Michelle Geller. Welcome to the show. I'm so thank you for having me. Yes, I'm so excited to have you here and you know, I have to start off by congratulating you. You just celebrated your 21st anniversary with your husband Freddie Prince Junior. That mean, that's like 100 years in Hollywood. Hey, don't age me. I know. Right. Well, what is the key to staying together? Um I think just communication, right? It's, you have to work on anything, whether it's a relationship, a marriage, a friendship, you know, you have to put the work in. Was it love at first sight for you all? We were friends for a very long time first. That's pretty cool. You know, you met together on the set of, I know what you did last summer. Would you say you would ever want to work together again in the industry. Uh, you know, I think that's difficult. We have young kids and we try not to work at the same time. And so probably not right now. Now, uh, you're partnering now with Fidelity and you're really teaching kids with this new app about the importance of financial literacy. So, how does the app work? Exactly. Well, I think financial literacy is a conversation. A lot of us feel is taboo and it's, you know, we, we don't discuss money. That's, you know, not something that's done. And it's exactly the opposite because as parents, it's our job to set our kids up for success. And when you don't have these conversations, they don't know. My daughter came to me and said I need a credit card and I was like, absolutely not. And she said, no, you don't understand. You give me cash when I go places. But a lot of places are cash free now and I'm really being left behind and I thought goodness, the credit card is the worst idea ever because she's just going to spend, spend, spend and sort of not understand. And I started to do the research and realize that there are places where kids can have access at the same time, have tools that teach them and, and there's parental oversight. So at the same time I can sort of see what she's doing and it sort of a place where she understands, it speaks to her in a way that she can learn that this is my money and I can make money on my money. I can learn how to save. And the app continues to grow with them. There's challenges, there's learning modules with that they can complete and then the app will actually give them some extra money. They can choose if they get gift cards for their birthdays, they can turn them in for cash if there's something else that they want, which is real life, but it's really setting them up for success and in doing so, are there certain things that you and Freddie do to try to teach your kids about how to manage their money responsibly because a lot of times they just wanna spend on whatever they want in that moment. Well, that's what's great about the app. Is it sort of shows them you could spend it on this, but this is how much you'll have left after that. And when it's their money, when it's something that they've earned for chores or birthday money, they're much more precious in how they spend it than if it's your money for us. It's all about making sure that they have money to spend so that they're not like left out cold in the world, but that they're also understanding where that money comes from. Yeah, that's so important. What age levels would you say that that app is perfect? For. That's an interesting question. You know, I think it really depends on where you started the conversation with your own Children. You know, we started very, very young by doing the jars and having a spend and a save and, you know, and having a donate. Um, if you haven't had those conversations, maybe you want to wait a little bit. But that's the best part about the app is you can go in and explore it before you even decide to give your child the credit card. No, those are all great things. I know because they all wanna spend on stuff, especially this past summer, everyone was going to concerts, everyone was spending on those things. So saving up for those, those special moments is important. And speaking of concerts, I know I saw on Instagram you went to Ed Sheeran's concert recently. What was that like? And are you guys like friends away before that or? I mean, he's incredible. He's such a talented performer and artist and, you know, I getting to see, I've been friends with him for so long, but I, I haven't really gotten to experience a full tour at that level that he does and it was just really exciting to see your friend just on stage playing Sofi Stadium. Yeah, that was pretty cool. Now, one of your former co stars Alison Hannigan, she's competing on dancing with the stars. How do you think she's doing so far? She's incredible. It's, I'm so proud of her and this is so outside her comfort zone. So to know her and to understand what she's putting her body through what she's putting your mind through. She doesn't have that da any dance experience and so many of the contestants do and I think she's so brave. Would you ever, would you ever compete on dancing with the stars? That's not for me. That is very well. We can't wait to see what you're gonna do next on this big screen or a small screen because again, your fans always be there for you. Thank you so much for joining us. Thank you.