- This topic has 17 replies, 1 voice, and was last updated May 16, 2007 at 7:54 pm by .
- May 16, 2007 at 7:54 pm #251938Guest
What explanation did your son give for
removing the money? If it is his money, I would let him learn the lesson
that when it runs out there just isn’t anymore there. Don’t
bail him out or front him a loan. If he owes car insurance, I would make
the car sit until it’s paid for. Driving is a privilege, not a
right (contrary to what most teens think!). And selling the car might be
a good idea if it’s causing problems. Rather a mad kid than an
irresponsible adult one day 10.0pt;font-family:Wingdings;color:navy;”>J As for college – I think making kids pay for the first
year is a great idea. It makes them understand that education is costly
but highly rewarding. I was a straight A student in high school and got a
scholarship to a community college in my hometown; I figured I was “grown”
since I had graduated so I slept in and went to classes when I felt like
it. I lost my scholarship after the first semester and then took my
education much more seriously. Yes, I had to pay my way after that –
but since I was paying for it, I made better choices and decisions.
Good luck! Yolonda
I just found out that my 17 year old took a lot of money out of his
savings account over a week’s time. I am so furious that I am beyond words.
This child has not deposited a paycheck in two months, so that money plus the
money he took out of his savings account is totally unaccounted for. He owes me
for car insurance. We had an issue two weeks ago about the use of the car and
we almost sold the car because of his attitude and totally disobeying the
“car use” rules. He and I are just alike with our tempers and I tend
to yell and get mad at him a lot because he won’t follow the rules.
I have just moved his savings money (what’s left of it)to an account that
he does not have access to thru his ATM. I know I can’t make him
save money or give me his paycheck for me to split it to deposit into savings
& checking. He is just like his dad (we’re divorced, wonder why?) when it
comes to money. You’d think he’d learn my frugal ways, as I do not spend money
frivolously. Any tips on how to teach him how to budget?
I am very concerned because I don’t have the money to send him all the
way through college and at the rate he’s going, he won’t have any money to
contribute to his education or living expenses. Am I a bad parent if I
make him pay for the first year of community college, then if he can do that
responsibly, I’ll pick up what I can for him to transfer to a university?
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