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What happens with your teen's summer earnings?

Victoria - posted on 07/29/2011 ( 1 mom has responded )

16

25

My son just got his first job and I have noticed that different families are very different about what happens with the earnings. What does your family do?
We have said that he should tithe 10% and then save 50% for a car and future bills related to it. The rest is his to freely, but wisely spend. (We discuss the need for any purchases over $10)
We are talking about a couple hundred a week, through the summer!

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1 Comment

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Linda - posted on 08/01/2011

832

5

I don't think there is any one right decision on this. It would depend largely on your family. When I was a teen, I saved almost everything for college since I knew my mother didn't have the money. Both my husband and I are savers, and our sons seem to have inherited that trait. Therefore, after the tithe, they save almost everything. However, I realize that's not the norm. I think your guidelines are reasonable. However, they are teens, and soon to be adults, so I would definitely want them to be part of the decision-making. What do THEY think they should do with the money? What do they want to spend their money on? How much do they really want it? If they wait a month, will they still want it?

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