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Tweens and Teens
Reply to "If your teens are very responsible with money, how did you teach them that?"
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[quote=Anonymous]A weekly allowance once they were in kindergarten. Not tied to chores (chores are what you do to contribute to the family, so you can't decide to blow off your chores and just not get allowance that week). The weekly allowance is yours to do with what you want. Save? Charity? Up to you. But we aren't buying you toys when you're little or giving you money to go to the movies with your friends, so plan accordingly. We were open about our own finances. Not what we earned, although I guess we would have if they'd asked. But more about saving for retirement/college, what taxes do, how we choose charities, how we research purchases, and how to comparison shop. Some of it, too, is just how your kids are wired. We have a spender and a saver, a kid who likes to donate to charity and one who likes to buy presents for people, one who thinks about career partly in terms of potential salary and a couple for whom earning potential is distant second.[/quote]
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