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Tweens and Teens
Reply to "how do you teach your teens about financial responsibility?"
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[quote=Anonymous]You start when they're learning math at about 4 yo. I gave mine $1/wk and grow from there. Now my 13 yo is responsible for everything (clothes, entertainment, gifts, etc). I still buy uniforms and technical clothes (eg ski gear). She's extremely resourceful and gradually learned about quality over quantity; good fitting clothes; sales, etc. Lots of tricks and tips I gave her along the way (some of them took a whole to sink in though). Give them enough to make a mistake and don't bail them out. Let life teach them young - lessons sink in better that way. We are still working with her on investments. I don't expect her to really get this for a few years, so she has some role but limited, in her investments.[/quote]
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