182. The Psychology of Teen Money - Fake Money, Future Anxiety, & The Death of the Allowance - Part 1 of 3

Raising financially confident teens requires us to look past simple budgeting and understand the psychology they face every single day. We are kicking off an actionable three-part series with my 17-year-old stepdaughter, Maddie, to unpack the reality of teen financial anxiety, the death of the traditional allowance, and modern spending habits. Together, we explore ways to combat the "invisible cash" effect of digital wallets and navigate the cognitive dissonance that leaves young adults feeling guilty after impulse purchases. By blending psychological insights with open conversations about how teens think about money, we can help you actively guide your kids and raise financially confident young adults.

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/psychology-of-teen-money-part1/