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#15: Me, My Kids, and Our Money Decisions

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.”


Jayne Pearl is a journalist and entertaining speaker, focusing on family business and financial parenting. She is also co-author (with Richard Morris) of Kids, Wealth and Consequences: Ensuring a Responsible Financial Future for the Next Generation (John E. Wiley, 2010) and recently released a guide book series about kids and money. Jayne began her career at Forbes and was former senior editor of Family Business magazine, to which she has contributed for more than 20 years. She has written hundreds of articles about family business, financial parenting, personal finance and business management. She is revising her second novel and when time allows she enjoys birdwatching, biking and music — writing and singing as well as listening to local musicians, including her son, Ryan Hommel, a touring guitarist and music producer.