You now need to enter into an agreement with your son about how the money he earns will be spent. He may be 15, but part of your responsibility as a parent is to teach him financial responsibility. If he cannot show sound judgment when it comes to spending money, then permission for him to earn it should be brought into question. This is a thorny issue but it's one that should not be ignored. Romance complicates this present money situation but it can be used as a springboard to a comprehensive discussion of his moneymaking, spending, and saving behaviors.
Teen Gave an Expensive Gift
Carleton Kendrick has been in private practice as a family therapist and has worked as a consultant for more than 20 years. He has conducted parenting seminars on topics ranging from how to discipline toddlers to how to stay connected with teenagers. Kendrick has appeared as an expert on national broadcast media such as CBS, Fox Television Network, Cable News Network, CNBC, PBS, and National Public Radio. In addition, he's been quoted in the New York Times, Washington Post, Chicago Tribune, Boston Globe, USA Today, Reader's Digest, BusinessWeek, Good Housekeeping, Woman's Day, and many other publications.
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