The financial world our teens are entering looks nothing like the one we grew up in.
From one-click buying and buy-now-pay-later to housing anxiety and constant social comparison, today’s kids face money pressures we never had.

In this episode, Christi Rae is joined by Rob Carrick, longtime personal finance columnist at The Globe and Mail and co-host of The Stress Test podcast, to unpack what’s changed—and what still matters. Drawing on more than 30 years of financial journalism (and parenting), Rob explains why old money rules don’t always apply, how friction-free spending is reshaping behaviour, and why parents shouldn’t feel guilty for helping their kids financially in today’s economy.

Together, they explore:

• Why one-click buying and buy-now-pay-later make budgeting harder for teens

• How parents can talk honestly about money mistakes without shame

• What saving should look like for teens (and what it shouldn’t)

• Rethinking home ownership, renting, and “success” in Canada today

• Simple questions that open meaningful money conversations at home

This episode is for parents who want to raise financially confident teens—without fear, guilt, or outdated advice.

Show Links:

Website: https://robcarrick.ca/

Substack:https://robcarrickpf.substack.com/

StressTest Podcast: Stress Test

Facebook: https://www.facebook.com/profile.php?id=100000463112714

Chapters List:

00:47 Biggest Shift

03:49 Parental Guilt

05:19 Helping Out Financially

07:03 Keeping Kid's Grit

09:21 Modern Update to 10% Rule

12:47 Habit of Saving

12:58 Moneys Skills that Matter

14:11 Housing Alternatives

16:43 Simplest First Step

18:23 High Risk Investing

19:36 One Question to Ask Tonight

20:56 Takeaways