In this episode, Melissa Fradenburg shares stories of both money habit success as well as recent failures with her own teenagers. Learn how allowing her daughter to spend money on short shorts and platform sandals turned into one of the best money lessons and how letting her son place items in the online cart for a week can instill good spending habits. This episode will help you prepare your teens for a world where many adults struggle to spend within their means and save for what they want most vs what they want now.
Data Sources: Capital Group, RIMES, Standard & Poor's.