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Tweens and Teens
Reply to "Expensive out-of-town concert—how to help teen handle disappointment? "
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[quote=Anonymous]Separately, it’s time to start bringing your daughter into financial conversations. Not in a stressful way, but eg, yes, we are buying a Toyota instead of a BMW, because there is a $700 difference in monthly payment etc. We are waiting to buy the new couch because we need to replenish the emergency fund after the heater broke. When I was a kid, my parents kept me in the dark about their finances. Looking back, I was sometimes asking for things that were above our means but I just had no clue. My kids have a better sense of where we stand and their asks reflect that. If it’s an artist who tours often, I would work with her now to come up with a plan for next time - you pay half, use hotel points, she saves $ from grandparents birthday money, etc etc and maybe you could make it work then. [/quote]
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