Thursday, May 7, 2009

Teens and Money 3

How much should you give a teen for allowance?

"A teens allowance should be enough to cover most regular activities, but not much more than that." (Parenting Teens with love and Logic, Cline and Fay, p. 253)

It could include
  • school lunches
  • movies or snacks with friends
  • birthday presents for friends and relatives
  • field trips

and might even include

  • clothing
  • school supplies

Don't forget, they could or even should be earning some money on their own and some of their expenses should can be covered by that.

Parental; backbone tip: "Stick to the rule for yourself that "When it is gone it is gone!" No advances, loans, etc.

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