Money money money, monnnnn-aye! This week, Katie's Crib is devoting an episode to helping parents teach children all about financial literacy. 

In the first half of the episode, Katie talks to Ron Lieber, New York Times’ "Your Money" columnist. The two go into detail about how not to raise a spoiled child, what kids should get an allowance for, and how parents can have realistic conversations with children about the kind of schooling they can afford.

Then, Katie speaks with the Fiscal Firecrackers podcast co-hosts, actress Susan Yeagley, and personal financial expert Galia Gichon. Galia and Susan share the best ways to set a child up from birth with a savings account. They also go into why parents don’t talk to kids about money, and how to break that cycle. 

Plus, what is a “529 plan,” and how can it help your kids with college? Tune in for the answer!