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Tweens and Teens
Reply to "S/O What should your teen be financially responsible for?"
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[quote=Anonymous]I pay for all food at home, on family outings, and school lunch. They pay for any food they have while out with friends, or any snacks (they can pack food from home; if they choose not to, they pay). I pay for all necessary school supplies, personal hygiene items, and clothing (coats, socks, underwear, etc,), as well as a set amount towards other clothing throughout the year. They pay for any additional clothing they want, as well as any shampoo or whatever if they want something more expensive than I am willing to pay. I pay for all family outings, they pay for all other entertainment. As long as they keep their grades up, I pay for their car insurance. They pay for gas when they are using the car (our rule is that you can't return the car with less than a quarter of a tank). They get an allowance, and the goal is to teach them to budget and spend wisely. It's also a good test for whether they really want something, or they are just asking because it's there. If they aren't willing to spend their own money on it, they don't really want it. [/quote]
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