Pocket money- how much?

[Anonymous]

Anonymous wrote:I'd be concerned about my teen having access to a lot of cash because of drugs. Mine isn't a teen yet, but I don't plan to give her access to much cash. Maybe credit card that doesn't allow cash withdrawal, and smartcard with some allotted amount auto transferred weekly. Reloadable Starbucks card.

Really? A 13 year old? Lol.

[Anonymous]

Anonymous wrote:In our house kids do chores because they are members of the family and everyone contributes to the running of the home we all live in.

Kids get allowance to teach them about money.

These are two totally separate things that have nothing to do with each other.

Ok, this has absolutely nothing to do with anything on this thread, but thanks for sharing?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'd be concerned about my teen having access to a lot of cash because of drugs. Mine isn't a teen yet, but I don't plan to give her access to much cash. Maybe credit card that doesn't allow cash withdrawal, and smartcard with some allotted amount auto transferred weekly. Reloadable Starbucks card.

Really? A 13 year old? Lol.

No, but 14 yes, 15 etc. What would I do, yank the debit card in 8th or 9th grade?

[Anonymous]

Some kids with access to lots of cash get hooked on hard drugs because they can afford to blow $300 or $500 on any given party night no problem. Then their parents start to catch on and cut off the cash flow, then they start buying merchandise using a credit card, then hocking it. Then goes the electronics, then car, maybe theft. . . At least that's how it worked in the 90s. I'm sure PayPal and gift cards can complicate things further somehow.