“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 I saw that he had withdrawn money from his account, and was charged a $2.50 ATM fee.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
