Let the Teens Manage their Money

greenbaywebquest · Joined: 24 Dec 2007 Posts: 2

One of the reasons why teens love to work is that they want to have
their own income. Teens want to have discretionary funds they can use
without their parents poking at them and auditing all their cents. If
the parents would let their teenagers manage their own money, they
should be ready to give them advises on money management such as
budgeting and fund management. In this way, they can be sure that
their teens will not just squander their money on less important
things.

Visit my blog at http://balancedparentingstyles.blogspot.com/ for the
rest of the article and let me know what you think!

Archived from group: alt>parenting>solutions

geoharris · Joined: 25 Dec 2007 Posts: 2

On Dec 23, 7:58 pm, greenbaywebqu...@yahoo.com wrote:
> One of the reasons why teens love to work is that they want to have
> their own income. Teens want to have discretionary funds they can use
> without their parents poking at them and auditing all their cents. If
> the parents would let their teenagers manage their own money, they
> should be ready to give them advises on money management such as
> budgeting and fund management. In this way, they can be sure that
> their teens will not just squander their money on less important
> things.
>
> Visit my blog athttp://balancedparentingstyles.blogspot.com/for the
> rest of the article and let me know what you think!

This is a great way so the kids can get a better understanding of the
real world.

www.stayingpositiveatwork.com

supernanny2007 · Joined: 28 Dec 2007 Posts: 1

I can't access the rest of the article on your blog but I really find
this topic needs some proper discussion. We had a lot of people asking
about teens and allowances on our forum - especially about cell phone
contracts, which it seems is a pretty gray area - so we asked our
money expert to write on this
http://www.supernanny.us.com/Advice/-/Learning-and-education/-/Teenagers/So-Your-Teenager-Wants-a-Cell-Phone.aspx.
Yes, discretionary funds are a good money management learning tool,
but it's interesting to see in some circumstances, he advocates just
saying 'no'!

Rhianon (editor www.supernanny.com)

On Dec 25, 2:20 pm, geoharris wrote:
> On Dec 23, 7:58 pm, greenbaywebqu...@yahoo.com wrote:
>
> > One of the reasons why teens love to work is that they want to have
> > their own income. Teens want to have discretionary funds they can use
> > without their parents poking at them and auditing all their cents. If
> > the parents would let their teenagers manage their own money, they
> > should be ready to give them advises on money management such as
> > budgeting and fund management. In this way, they can be sure that
> > their teens will not just squander their money on less important
> > things.
>
> > Visit my blog athttp://balancedparentingstyles.blogspot.com/forthe
> > rest of the article and let me know what you think!
>
> This is a great way so the kids can get a better understanding of the
> real world.
>
> www.stayingpositiveatwork.com