i tried to find a cartoon relating to today's subject, but apparently trying to help a teen understand finances and budgets is no laughing matter.
My son, as adorable as he is, as sweet as he can be, is not terribly receptive to the idea that he should not spend all of his paycheck on video games, movies, and fast food restaurants. Not unlike some of the recent discussions about chores, a great deal of heavy sighing accompanies these talks between he and i--and he's not so happy about it either.
We've done run-downs on the costs of keeping a house, and what his share of that would actually be if divided equally between those of us living here.
We've run the numbers on his income and disproportionate (and mostly unnecessary) spending.
We've discussed that a twenty hour a week job does not a fortune make, and yet a fortune does his entertainment take.
We've reviewed the costs, both monetarily and physically, of the work involved in providing things like the groceries and cleaning of and upkeep for a house and home.
All these discussions are part of our desire to help him become a wiser money manager and useful, contributing member of society. Besides, if he never learns to budget his money, how will i ever get that spare room for all my hobbies?