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Reply to "How much allowance for a teenager ?"
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[quote=Anonymous]Have done 1$/per year of age since he was 8y or so. Moreso for money management than allowance (he has things he is responsible for around the house (trash, dishwasher, cleaning his bathroom, keeping room tidy, assisting with yard work, etc.) This money goes into a Greenlight account and he saved about $900 over the years (he did buy a laptop at some point and was good about saving when he was younger/pandemic/etc.) Now that he is a senior and more social, this is his social money for going out with friends/buying for his girlfriend. He also started working at 15y and that money goes into the bank. By the end of this summer, he will have worked 4 summers, and will have about 15K in the bank that will be his 'fun' money for college starting in the fall. That should last him most (all?) of college - and he will add to it by working in college/over the upcoming summers during college.[/quote]
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