It depends if the teenager is a boy or girl. I put $25 a week from my acct to hers. She has had a debit card since she was 11 and now she just turned 16 three months ago. She is very bright and responsible so i let her do basically what she wants. I dont require her to do many chores because my mom made me a slave growing up and I refuse to do that to my daughter. I am NOT a queen and she does not have to treat me as such.She does things around the house because she knows that she should help. I dont have to bang her over the head.
I recently gave her a credit card so that she can fill up her gas tank and eat after school. She has always used her debit card to buy her clothes etc....and I just filter the money over as I see the account getting low.
She has NEVER abused this and she puts her own xmas, bday money in there, too.
Basically, if u teach a child responsibility and teach them about the economy and keep NO secrets about income, etc, ur child will listen and learn. The problem is MOST parents do not do this and the child never learns from the Masters. Then they go out and make financial mistake one after another.
I recently gave her a credit card so that she can fill up her gas tank and eat after school. She has always used her debit card to buy her clothes etc....and I just filter the money over as I see the account getting low.
She has NEVER abused this and she puts her own xmas, bday money in there, too.
Basically, if u teach a child responsibility and teach them about the economy and keep NO secrets about income, etc, ur child will listen and learn. The problem is MOST parents do not do this and the child never learns from the Masters. Then they go out and make financial mistake one after another.