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Budgeting for Adolescents

If your adolescent seems to have no idea about money and budgeting issues, set up a monthly or quarterly clothing allowance. When it's gone, that's it.

They'll quickly see that sales are worthwhile, that shopping around can pay off, and maybe they'll find that they don't need as much as they thought.

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By Louise, the Frugal Yankee

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By Holly (Guest Post)
August 11, 20050 found this helpful

We placed our daughter's allowance in the bank and had her draw up a chart showing how much she should withdraw on a regular basis to last the 6 weeks.

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May 5, 20110 found this helpful

Teaching kids at a young age about money is one of the best gifts you can give them.

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