You are listening to Feeding the Mouth That Bites You with Ashley Parrish and Jessica Pfeiffer.

A weekly podcast guide on parenting teens and launching them into the world.

As always, we are joined by psychologist and author, Dr. Ken Wilgus.

Hey, everyone and welcome back on today's episode.

We will be discussing money and teenagers.

Well, Ashley, this affects all of our lives. I'm sure that if you have a teenager, you've been asked for money this week already.

One of those things that comes with teens, they start asking for money. They need money.

They need to be trained in how to use money. I don't think that the schools

do any work in this area, at least in art. Do they not anymore? No, I don't think so. I haven't seen

anything coming home. Whatever happened to Home Act, do they not have that? I wish they did. I wish they

did. I've even offered to teach that here at our high school. This doesn't come up with the

teenagers in my office, so I haven't asked. So it kind of leaves it to us parents to guide our kids,

which I sort of prefer anyway. I'd like for them to have my view on money and how to handle it

and someone else's view. So let's talk about pre-teenage training that we might do with kids who are younger

than teenagers to kind of prepare them for the teen years and money.

Yeah.

And I should start out by saying, Sally and I did not do this very well.

I have talked to many parents that I'm just in awe of,

wow, I wish I'd done that. That's really good. So and to your point, preteen is really the best time

to really start essentially training or teaching about managing money. So good parents,

for example, start fairly early with tying appropriately work with I'll pay you if you do this.

And then the money that you do get, and this is the most important part,

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