This week Todd and Evan join child / family psychotherapist Dr. Fran Walfish to discuss how peer pressure influences our kids both socially and financially. More importantly, Dr. Fran shares tips and methods for parenting through these issues to help kids grow as independent and responsible people.

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Where is a child’s place in making family money decisions? How do we involve kids with how much we spend on them? Todd and Evan answer these questions this week with the help of Jayne Pearl, a journalist and author of the Kids and Money book series. She shares some creative methods to address budget decisions around clothes, groceries, and back-to-school shopping, and where to draw financial boundaries. She also introduces us to the terms “cost of cool” and “affluenza.”