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Your Kids and Their Money with Clifton Corbin

The Dad Edge Podcast

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How to Deal With Negative Cafeteria Balance

"I just want to get your feedback on it. So my 15-year-old, he's like the spender, you know? And so they're obviously helping and coaching with that a little bit." "He ran into a situation where he ran out of money, and he had a negative cafeteria balance," she said. "And I'm like, what are you going to do about it?" He went and got a job as an office assistant at age 16; now has his own direct deposit account. 'It all sparked from him financially kind of face planning'

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