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Reply to "18-year-old DD doesn’t think she has to listen to us anymore "
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[quote=Anonymous]You should sit her down and hand her a budget worksheet with line items showing groceries, car (and don't give her yours, she can buy one herself once she saves up enough, and make sure you point out she has no credit so she won't qualify for a car loan and will have to save up thousands of dollars first), car insurance, gas, health insurance (you can show her what it would cost her on the market and offer to let her get that or pay her pro rata share of the family plan). Ask her if she needs to add a line item to contribute to utilities/internet at her friend's house or if they are covering that. I'd just be very matter of fact about it and say, ok if you are going to do this then here is what you need to know about the financials of it. Make sure she understands what a deductible is and what dental insurance does and doesn't cover. Does she have a bank account? If not, is she planning to open one? [/quote]
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