Second-Listen Saturday: Kids and Money Money Money Money

Welcome to Second-Listen Saturday on the Parenting Roundabout podcast, where we share some fun moments from past episodes for your weekend listening pleasure.

A story about Nicole’s son’s internship in Japan leads into a discussion (started on a recent Speed Round) about young adults who don’t quite get that you can’t max out your credit cards, use up all your savings, run up an emergency-room bill, and not expect your Mom to freak the heck out. For younger kids, the dilemma is differentiating between needs, like underwear; wants, like underwear from Pink; and impossibilities, like buying an alpaca to live in your backyard. Though we don’t have all the answers, Catherine recommends the iAllowance app, Terri recommends iTunes allowances, and Nicole advocates for pay-as-you-go. (And back to young adults and budgeting, our faithful listener Mike has some good advice in his comment on this Facebook post.)

Want more? Listen to the rest of this summer 2016 ep.