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Kids With Special Needs and Disabilities
Reply to "Money management for SN teens?"
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[quote=Anonymous]My son is 18 and works full time. We are working on money management now. I have his ATM card so he can't withdraw money without me giving him the card. If he's in a particularly impulsive time, I just give him cash and transfer the money to my account. Whenever he spends money, he has to text me. Right now we are working on two things: knowing how he spends money and saving for car insurance and his share of his college expenses. We are also spending a lot of time discussing things like how you avoid getting in debt, the concept of interest on credit cards, etc. Personally I can't see the point of saving for retirement at this point. He needs to learn to save for car repairs, car insurance and college expenses. I also don't see that I can teach savings just for savings with no goal at this point. He's just too new at money management. [/quote]
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