Yet another responsibility that
parents have is to teach their children how to use money. It is
often necessary to let them learn from their own mistakes, which
means that as parents we have to sit back and let them make these
mistakes. Here are some tips on helping your pre-teen to become
successful in their handling of money and allowances.
* With due consideration for the family's budget and value system,
some of the child's allowance should be for his or her discretionary
spending alone. An allowance is not a salary. It's a share of
a family's income. That doesn't mean that children shouldn't be
expected to pay for certain items with it. It does mean that a
child's behavior should not determine whether he or she gets an
* Decide before you start paying the allowance just what it's
to be used for. Also, make it clear if some or all of the money
is given in return for chores. Keep track of the money a child
spends for a few weeks before his or her allowance is due to start
to help you decide how much to give.
* Take into account how much other kids who are your children's
age are given. It's as bad to give far too much as it is to give
a sum grossly under what the others have.
* And finally, remember that money gives children some power
over their environment, just as it does for adults. This power
needs to be exercised if it's to be perfected.
Disciplining Your Teen
Rules & Limits
Sex & Relationships
Sex & Knowledge
Talking About Birth
Talking About HIV &
Talking About Self-Image
Talking About Puberty
Drugs & Pre-teens