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Tweens and Teens
Reply to "Money stress and forgetful teen"
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[quote=Anonymous]I’m a single parent, and instead of doing a budget with my kid (I make a good income, so money isn’t very tight), from day one I said “I don’t choose to spend my money on that”. When he was younger, I once told him we couldn’t afford something (it was something mega-ridiculous) and being the worrier he is, he was then convinced we were poor and going to be homeless. He handed me his piggy bank. He still thinks we’re poor but that’s only because we live in a super wealthy area and has no idea how fortunate we really are. In a few years we’ll have to worry about discretionary funds, and then it will probably be a combination of an allowance and getting a job (where he can ask, “who is FICA and why is she getting all my money?). No is always an answer, and it doesn’t need a justification. Your kid has to learn that there is no money fairy to bail him out.[/quote]
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