If your teens are very responsible with money, how did you teach them that?

[Anonymous]

TIA!

[Anonymous]

I have one that is, and one that isn’t. The one that isn’t has anxiety, adhd and thus impulse issues. The other one has always been good at saving. Nothing we did.

[Anonymous]

Mine is now as he is finishing up his first job. Now he says things like "That's too expensive" and "I don't have the money for that."

[Anonymous]

By modeling. They saw me drive a extra intersection to get cheaper gas and carry a refillable water bottle to avoid paying $$$$ for a water bottle at events. They laughed at me but now do the same!

We also talked - you can have those jeans but then we can’t go to Hershey Park this weekend. Choose.

[Anonymous]

I have one tenn who is and one who isn't. The one who is frugal also has a much higher earning potential than the spender. Let's hope he doesn't have to support her when they are old!

We always had frequent talks about money, investing, talking about what people choose to spend their money on, etc. When younger, all purchases over a few dollars had to be sat on for a couple days and most often were forgotten. We did this before they were teens though, might be harder with teens.

[Anonymous]

Part time jobs. Jobs in college as well.

[Anonymous]

*Have them contribute 15% to college savings from any gift/earnings as soon as they were 5-6.
*Talk about investing and capital and those big ideas. This inspired both kids to invest from an early age.
*Talk about household purchasing decisions, esp. ones that involve them.
*Match contributions to Roth IRA once they got a job.

[Anonymous]

By example. And I think it's partly just by her nature.

My young adult has worked part-time since she was 16 and just graduated college. She has created several different savings accounts, such as for grad school, an apartment, health care, etc. and saves much of her paychecks into these. I had nothing to do with that.

[Anonymous]

He just doesn't care about stuff. We didn't do anything. He buys food when he is hungry and new shoes/clothes when he needs them. Definitely doesn't go shopping just because.

[Anonymous]

Lots of conversations and living a frugal life through example.
Pointing out that while we could go out and eat dinner for $15/person, we could make dinner for $3 per person and save enough to go to the pool the next day or whatever. I gave an allowance early on and he had to figure out how to budget that. Also made him an authorized user on my credit card but we talked about authorized and unauthorized expenses. He got a job at 14 and learned to save his paycheck.

[Anonymous]

Have them get a tiring job to show them that you have to do an hour of work to get $7-10.

[Anonymous]

By talking all their lives about how DH and I make financial choices. We're frugal people. So it makes sense that our kids are frugal too, and think about where to spend their money.

[Anonymous]

Honestly I think it’s mostly temperament. They are reserved, cautious, and not flashy.

[Anonymous]

I think it’s innate. I have one who likes to spends as soon has he gets money. He loves his material positions too. He is a hard worker but it very interested in saving. I have another who doesn’t like to spend much money at all and every time he earns money asks us to put it in the bank for a car someday or a down payment on a house. We raised them the same.

But I think of me and my siblings. There is every extreme and some in the middle with spending, saving and financial sense. We were raised by the same parents.

[Anonymous]

Anonymous wrote:He just doesn't care about stuff. We didn't do anything. He buys food when he is hungry and new shoes/clothes when he needs them. Definitely doesn't go shopping just because.

He doesn't have things that he wants to buy? He'll be great at saving.