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Reply to "DD has $100 but doesn’t want to spend it while on an outing with friends, do you normally cover those expenses? "
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[quote=Anonymous][quote=Anonymous]We are frugal, but I don't want my kid to skip activities or feel like she can't because of money. So we take this approach: I fund all the basics in my DD's life - she funds the extras. So if my DD is going out for a meal with friends instead of eating at home, I pay. If she goes to Starbucks after school, she pays. If she plans an activity with friends (ice skating, movies, etc), I pay. If she goes shopping with friends to buy clothes she needs, I pay. But if she goes to buy makeup she wants, she pays. If she needs something but wants to buy the luxury version, I offer to split the cost. She seems to have developed a strong appreciation for work and is excellent at budgeting and managing her money.[/quote] How is going out to eat different from going out to drink? Both are more expensive versions of what your do at home. [/quote]
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