jump to last post 1-4 of 4 discussions (4 posts)

How can I teach my teenager's to budget their allowance?

  1. retellect profile image73
    retellectposted 8 years ago

    How can I teach my teenager's to budget their allowance?

  2. dabeaner profile image56
    dabeanerposted 8 years ago

    Don't give them more or an "advance" if they run out early.

  3. jay21 profile image53
    jay21posted 8 years ago

    You both can have a family meeting and discusss the importance of money. Making it a family involed project will help encourage participatation and possibly teach or show you something you that you missed in your own finances. I recommend you checkout these references:

    "Rich Dad Poor Dad" Robert Kyiosaki
    (note): There is a board game that you can play with them to explain the importance without forcing them to read a book.

    To find inexpensive books check out.
    http://www.half.com

  4. profile image53
    SpaceAgeposted 8 years ago

    teaching teenagers to budget their allowance requires letting love get tough; when they run out of $$$, don't give them any more til their next pay

 
working