| Have you bothered contextualizing money for your child? Does he know AirPods are 3 weeks of food for one person, or a car payment, or a week's rent? At sixteen he should be well on his way to learning the value of money or he’ll be in a world of trouble in two years. |
| In the stone ages, my mom’s rule was that she would pay for half of random, expensive stuff I didn’t need. If I was willing to save/work for the money, she was willing to meet me halfway. I started working a real job at 15 though, (and babysat long before that) so I knew how many hours something would cost me. |
I don't think it's fair to assume that OP is wealthy. They said that they're on a "single income" |
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You can just say no to him and tell him that he can save it up for what he wants and buy those things himself.
If he has an allowance, he should be able to budget for himself at this age. You could encourage him to budget and allocate $ to different expenses. But it may be helpful to allow him to spend $ on his own and learn from any natural consequences (e.g. running out of money and being unable to buy something he wants) |
| Tell him if he want the basement remodeled he better get to work remodeling it. |
| My 11 yo is paying for her room renovation with chores. |
| For all the "don't buy them nice things" posters there is something important to feeling as if you fit in and belong. We didn't grow up with much and I've worked since I was 14 but my parents got me a pair of guess jeans which I treated like gold. It was just a pair of jeans but it made me feel like one of the crowd. I don't think material things matter, I don't judge people based on what they have but teens do and teens just want to fit in. Get him the pods if you can. |
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$30/month seems pretty low to me.
One of my best friends in 8th grade (so 13 years old) got $100/month, but she had to buy everything out it--even basic clothing, shampoo, etc. But that was back in 1989. According to: https://www.usinflationcalculator.com/ it woudl be the equivalent of $206/month. |
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I pay for needs, and wants are given at birthday and the holidays and if you do something spectacular.
My daughter got a new pair of shoes she didn't need when she ran outside in the rain to help an old man whose car had stalled. She stood out there for 20 minutes in the pouring rain helping him. |
| My teenagers pay for their own wants out of their own money. They both started lifeguarding a 15, and one started babysitting before that. We pay for all needs and some wants. They get more wants from us for birthdays and Christmas. The rest is on them. |
Then I don't see how OP could possibly have a problem. I say no to my children without hesitation. They've known since they were in elementary school what our budget is and how we spend our money. |
I guess your PP can pay for college on the money he makes from stock investments. |
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NP. Your kid is spoiled. It's better he learns now rather than when he's an adult and it's completely too late.
No more allowance for free. It needs to be earned by doing whatever you decide (e.g. chores). No more getting stuff for free unless it's xmas and even then make it reasonable. If he wants more, he can earn it like normal kids need to do. |
You almost have a point, but how do you pick the air pods over the sneakers over the whatever? Where does it end? Once in their childhood? Once a year? Once a month? |
+1 |