Should Your Teen Still Get An Allowance?
To answer the question should your teen still get an allowance, you would have to start from the time they were toddlers. Children receive monetary gifts for birthdays, holidays, and graduations. Hopefully, they have put this money away for their college education. However, parents teach responsibility to their children by setting up an allowance structure for completing chores, taking out the dog, helping with laundry, or cleaning their room.
An allowance these days may average $1.00 to $5.00 depending upon the chore completed. A child may put the money in their piggy bank and eventually, with the parent’s help, open up a bank account. Eventually, as the child grows, your teen may ask to use the money to buy an electronic toy or CD or a more expensive item such as an iPod or Xbox. If you’ve taught your child the value of money by example, your teen may not be so inclined to buy every new gadget that comes out.
If all of the prerequisite components of teaching responsibility on how to handle money have taken hold, then there is no need to continue with the allowance structure per se. It may be more prudent to undertake a new level of responsibility, which is to provide that which the teen needs more than wants.
While some teens apply for summer jobs to help them with expenses, others may not. Does this mean the family bank is still open to them? Hopefully, not. If your teen wants to buy the latest gadget, the best way to handle it is to lend the money, and explain the terms of the loan. This is the only way your teen will understand the value of a dollar, and will come to terms with the fact that you will not simply shell out money every time your teen asks.
While there are some teens that scrimp and save, others see money as an opportunity to buy the latest fashions, including sneakers, which cost a bundle to begin with. So too, fashion sense and peer pressure go hand in hand. Consequently, your teen may begin to withdraw money from the savings account. But, at some point, your teen will run out of money and come running to you.
Here is when you have to be firm and adamant in your assessment of your teen’s needs, and discuss financial responsibility in an open and honest forum. Once your teen understands the terms under which you will honor the request, your teen may not be in such a hurry to buy an expensive item the next time.
Should your teen still get an allowance? Honestly, no.
More Articles
7 Activities To Help You Cope With Empty Nest Syndrome
Five Creative Ways To Teach Counting
Choosing The Right Vacuum Cleaner
Back To School Preschoolers: Should I Enroll My Child In Preschool?
You’re Not Leaving This House Wearing THAT!
Kwanzaa Games And Crafts For Kids
Thanksgiving Craft: Indian Headdress
Products And Downloads
Latest Updates From BBC News
Staff 'too timid' on child abuse
Professionals should not shy away from removing children from abusive parents and putting them in care, a group of experts says.
Closer watch on children's care
Children's services in England are to be more closely monitored following a "damning" report into the Baby P case.
Claimants 'should be work ready'
Lone parents of children aged one to seven should be preparing to re-enter work, says a review.
Parents warned over measles jab
Parents in Staffordshire are advised to make sure their children are immunised against measles.
Care for children is 'inadequate'
Social care services for children in Northamptonshire is branded "inadequate" after an inspection.
Council 'sorry' for murder delay
Brighton council apologises after social workers failed to act on concerns raised by a young girl whose mother had been murdered.
Builders help rescue fire family
Builders rescue a mother and her two children trapped in a house fire in Nottinghamshire.
Ambulance staff checks 'lacking'
A BBC investigation into a private ambulance operator finds shortcomings in staff vetting and training.
Left-handers' lower test scores
Left-handed pupils do less well in tests than their right-handed peers, a study from Bristol University suggests.
Nurseries closed without notice
Hundreds of parents are left without childcare after two south-west London nurseries closed without notice.
More Articles And Free Videos
Creating & Sticking To An Exercise Routine
... getting started and sticking to an exercise program. Many people find working out boring and just lose interest, especially if they don't see quick results. The simplest way to stick to an exercise routine is to find something you enjoy doing. By looking at your daily schedule, and the family's schedule, ...
Summer Safety Tips: Sun And Heat
... form of dehydration. You can also buy some Gatorade or Propel. * When exposing babies to the sun, ensure they are wearing lightweight clothing, including hats with brims. It s also safe to apply suntan lotion to their face, and the back of their hands, as well. * For younger and older children, apply ...
Summer Safety Tips: Water Safety
... this is just in backyard pools. To make this an enjoyable and safe summer, here are summer safety tips: * Make sure you lock the entrance to the pool and that it is fenced in, so the kids can t access it. * After your children are finished playing in the wading pool, drain it, and store it away. * Always ...
Family Fun Time – Go To The Amusement Park
... Think back to the time when you were young and your parents took you to an amusement park. The rides were pretty tame then, weren t they? Small Ferris wheels, boats that went around in circles in 2 feet of water, and other rides, which compared to today s colossal attractions, pale in comparison. Nonetheless, ...
Indoor Decorating Tips For Christmas
... to them. There are many different colors and themes that can be incorporated into your decorations. Blue or purple and silver, just to name a few, are popular combinations among many. Decide what colors you like and make it a theme throughout your house. The theme doesn't have to be the same throughout ...