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Tweens and Teens
Reply to "how do you handle money with your tweens?"
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[quote=Anonymous]Many banks have teen spending accounts that are attached to your checking account, but set up as a separate sub-account. The teen can't touch your money, but you can deposit into theirs. I'm not sure if you have to be 13 for those or if 12 is o.k. I guess 12 is probably fine b/c one of my kids is 12 now and we set it up recently. The kid gets a debit card and they get their own statements. I make sure their write all their deposits and expenditures in their ledger book. Teaches them that you have to SUBTRACT when you spend money... which makes the balance go down. And if you spend a lot, your balance will be close to zero. Look at your bank for a teen account.[/quote]
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