The Ramsey Show Highlights

My 14-Year-Old Says We Make Her "Feel Poor"

Mar 10, 2025
A parent seeks advice on their teen's feelings of inadequacy sparked by peers' extravagant spending. The discussion emphasizes teaching budgeting and financial habits while encouraging family involvement. It also covers the importance of introducing teenagers to real-life challenges, including cooking and meal planning, to build their resilience and sense of responsibility. These tips aim to empower young individuals and help them navigate societal pressures with confidence.
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ANECDOTE

The 20-Dollar Lunch Dilemma

  • A 14-year-old girl wants $20 a day for takeout like her classmates.
  • Her parents, on Baby Step Two, cannot afford this and seek advice.
ADVICE

Address Parental Discomfort

  • Parents should address their own discomfort about their child's feelings.
  • Let children experience discomfort; it's a valuable life lesson.
ADVICE

Teen Budgeting and Discomfort

  • Involve teens in budgeting to understand financial limitations.
  • Be comfortable with their discomfort; it builds resilience.
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