My son was visibly excited to open up the box left by the UPS driver. His new graphics card for his computer had arrived, and he was anxious to install it. He brought his computer to the kitchen table where we laid it on it's side, removed the side … [Read more...] about Teens And Money: Lessons Learned Buying Electronics
About a month ago, my son informed me that he wanted to cancel his automatic savings transfer the Monday after each paycheck. At the time, he had run out of spending money and felt like he should be able to keep a larger portion of his paychecks for … [Read more...] about Teens and Money: Should I Make My Teenager Save Money?
“I want to stop having money automatically taken out of my checking account,†said my son. I looked at him, puzzled, wondering why he would say such a thing. He was referring to the automatic transfer from his checking to savings we setup to … [Read more...] about Teens And Money: When There’s Too Much Month at the End of Their Money
I was looking through my son’s bank transactions recently when I noticed something that required a discussion. I saw that he had withdrawn money from his account, and was charged a $2.50 ATM fee. When he received his debit card, I explained that … [Read more...] about Teens And Money: A Lesson in ATM Fees
Image courtesy of Naypong at FreeDigitalPhotos.net I was doing some yard work in the front of my house when my son's friend got in his car to head to work. A few moments later a loud high pitched scratch made me look up and realize that the young … [Read more...] about Some Lessons Are Expensive
Image courtesy of Stuart Miles at FreeDigitalPhotos.net When my son got his driver’s license, in many ways daily life became much more convenient for both of us. He could drive himself to work, friends’ homes, and to run errands. It also … [Read more...] about Teaching A Teen About Tipping
Image courtesy of Stuart Miles at FreeDigitalPhotos.net My son has been earning allowance since before he was ten years old. His payrate has been $1 per week for each year of age. Every year on his birthday he recieved a $1 a week raise, but he … [Read more...] about When Should Teens Stop Receiving Allowance?
My son approached me over the weekend and asked me an unexpected question. “Dad, can we do that open a savings account thing?†When he started his part-time job, we had agreed that he could keep his first two paychecks to do … [Read more...] about Teens And Money: Teaching The Concept of Pay Yourself First
