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Tweens and Teens
Reply to "As long as teens are studious, is there any harm in giving them a nice car?"
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[quote=Anonymous]^ our plan is to make the kids use money in their accounts and we will match it. Most of this money is from gifts or from us, so it is more an exercise in researching cars, giving up money they would otherwise have access to for other things, making responsible decisions, etc. We have so much more than my parents did that I feel like we have to work much harder to teach our kids how to manage money. I am super responsible with money and I fear that my kids will be much more relaxed about it because it has always existed in more than sufficient quantity for them. I have zero interest in having an entitled kids who doesn’t have any concept of having to spend $40k on a new, loaded car. Good grades and being nice doesn’t pay the bills. [/quote]
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