Today’s episode is all about fostering financial literacy in our teens and young adults. Many young adults express concern about how they’re going to manage their money once they have to support themselves. They report feeling confused and unprepared. To help prevent such stress later in life, we work backwards to highlight specific tools and skills we can teach our kids before they leave home. We explore methods of payment, tipping, budgeting, and allowance/income. We also talk about natural opportunities to grow these skills, as well as opportunities for financially oriented natural consequences (e.g., how to respond when your teen loses her laptop stylus for the 3rd time in 3 months!). Lastly, we highlight how talking about money can make us uncomfortable. Many of us have a hard time talking openly and directly about finances, and money tends to stir up all kinds of emotions.