Archive for the ‘Budgeting’ Category
If your teenager seems to have difficulty planning for expenses and continually comes to you to be bailed out, you need to put some limits on the situation. Tell your teenager in a calm manner, “You seem to spend all your money on records and clothes and then complain to me that you don’t have enough. If I’m wrong and you can explain the difficulty to me, I’d be glad to work on this problem with you. I really don’t want you to have difficulty handling money when you get older, so I would like to help you with this now.” If your teenager doesn’t want your help, you will have to accept that this lesson will be learned later on.
Instead of complaining to your teenager about how much he or she spends and yet continuing to supply money on demand, limit the amount of allowance and spending money with a very clear approach. When you do this you are teaching the reality that parents don’t or can’t always magically take care of problems, monetary and otherwise.
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