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[quote=Anonymous][quote=Anonymous]I'm raising two teens on one income. It's a nice income and I feel lucky, but there are financial stresses especially since one of my teens does a somewhat pricey activity. This teen also likes nice things and likes to spend $ eating out with friends. Unfortunately, this teen's activity prevents him from having a summer job so he is not able to earn money for extras (unlike his sibling who worked all summer for spending money).
So I buy him nice clothes, pay for things like homecoming, social activities, phone chargers etc. I don't mind doing this BUT here are the problems:

1. He loses things a lot (a metro card, his wallet, a $20) and wastes things (lunches come home uneaten)
2. He promises to work off money he borrows from me but then does not do the work or I have to harass him to do it
3. I try to be sympathetic and supportive but then I get fed up and stressed out. I freak out and he refuses to communicate. It's a horrible cycle.

I want to teach him to manage his money and I know I'm doing it all wrong. I also don't want him to suffer bc he's being raised by a single parent. And I don't want our relationship to suffer.

I am so stressed over money right now and I need him to take responsibility!!![/quote]

I suggest you come up with a budget and and have him manage to the budget. He pays for replaced metro card, etc out of his budget. If you offer money to help you with household duties, you pay after the work is competed. This is a good lesson to teach your child. [/quote]

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