Understanding Money: Adult Child

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25 answers

How to Manage Teen's Finances

Hi everyone...I have a son who is 16 1/2. He has his own bank account. Up until now I have made him SAVE half of all money he earned for a job, got for birthdays, or even his child support (which I receive from his father). The other half is HIS to spend on movies, eating out or whatever. Well now he has a car and must pay insurance, gas, repairs...so my question is...I told him that the money in that account is for GAS or REPAIRS only...should I let him have the debit card all the time...or should he have to request access to his own...

Jobs

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Expenses of a Teen with No Job

I have a senior in high school and she has not gotten a job though we have encoraged her since she was 16 years old...two years ago. Her activities at school and church keep her very busy and many of the activities are vey expensive. She is in the school annual musical play, preparing to go to prom, going on a tour with her school choir, going to a church retreat after school ends and all of this can easily add up to over $1,000. With my other children we would split the costs with them because they had a job. She hasn't gotten a job and...

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Adult Child Issues

Hi Moms, When does an adult child, mine for instance he is 20 become...

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What Do to About Job

I have been back to work full-time now for about 1 1/2 years and I really...