Re: I had to have "the talk" with my 17 year old son
03-21-2012 12:37 PM
Lol - I had the talk with the kids when they were small. The rule was 1/2 went into savings. Period. My youngest decided to challenge this and say it's not fair.
I said ok, gave him his "paycheck" minus taxes. heheehehe...he was livid! I explained to him that if he wanted to treat his money as a paycheck (for doing chores) and he would refuse to save half, then taxes get taken out. Call if Mommy Government.
I told him he had to file for a tax refund at the end of the year. I tell you, to this day, he remembers that lesson. He never did file for a refund (Uncle Mommy took out about 40% in taxes). He will save, on his own. We have no issues anymore. He's even learned to budget and to plan ahead for expenses.