Navigating Teenage Materialism: A Dad's Guide to Smart Spending

Dr. Ken Canfield discusses the challenges of navigating materialism and peer pressure in teenagers. He highlights how parents often fall into the trap of arguing about their children's wants, leading to resentment and manipulation. Instead, he offers a practical approach inspired by experts Jim and Charles Fay: when a teen desires a more expensive item, parents can agree to contribute a set amount for a scaled-down version within their budget. This method encourages responsibility and self-motivation, allowing teenagers to earn the difference for the items they truly want.