Reply to When did your teens or young adult children start paying for their own things?

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[quote=Anonymous][quote=Anonymous]It has been a slow ramp up.  In HS, they paid for social activities.  In college, they are responsible for everything that is not tuition, fees and R&B- but they get some things for Christmas and birthdays (eg clothing).  Our oldest is a sophomore, and he will get a hand me down car this summer for his summer internship- we will pay for the insurance- but he will do the rest as well as pay for his living expenses over the summer during the length of the full time part of the internship (it goes to 12 hours a week during the school year).  He is still on our phone plan- I don't know when that will end.  He plans on living on campus again next year, but senior year when he moves off- he will pay for a few more things (we will probably give him what we would have paid on campus and he can budget it out over the year).  By the time he graduates, he should be on his own.

His brother is a senior in HS, and we will do it similarly.

Both do not spend very much and save quite a bit.  They seem to have a decent handle on money and understand a bit of its value.  If anything they are like their parents and need to learn how to spend money rather than save it all.  
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I will add that one thing we are doing and plan on continuing until they are graduated and in their first "real" job is to set up their ROTH IRAs based on the small incomes they currently have.  The idea is that they continue when they are out in the world.[/quote]

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