It isn't easy raising teens in today's materialistic society. The older they get, the more expensive the things they want or think they need. If they don't learn how to manage their money at a young age, they won't be able to make it in the real world.
We've tried to teach our teenage daughter from a young age that money and the things that money can buy can't bring you happiness. That is no easy task, especially when her parents aren't perfect role models.
We have picked up some tips along the way, however, that have given our daughter a better appreciation for money and how to manage her own spending habits.
We don't expect our daughter to pay for all of her own expenses. We pay for a cell phone for her in case her car breaks down or she needs to let us know where she is. The point is not to make your teen 100% independent quite yet, but they should be close to being able to take care of themselves at this age and manage their own money. Our daughter has been learning how to manage her finances from a young age and I feel confident she will successfully manage her money on her own.
Rachel Paxton is a freelance writer and mom of five. For recipes, cleaning tips, gardening, frugal living, holiday hints, and more, visit her site and sign up for her weekly newsletter at www.creativehomemaking.com
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