85: Money: Giving teens and tweens an allowance. Two years on my daughter talks about how it’s impacted her.

Send us a textWhat we give our kids to spend, and when, is a perennial problem for all parents. Money is a really tricky topic in any relationship; behind it lurks power, responsibility, and freedom. When our kids hit their tween and teen years their needs and desires begin to rise rapidly, so how we enable them to get those things will have a lot to do with how we feel about handing them money, and what we say to them about it. Early on, I decided that I would use money during the teens years to begin the handover of responsibility in an attempt to teach my teens the value of budgeting and managing their own finances. This episode is an opportunity to hear how her system works and - two years on from when she first talked about it - to hear one of her teenagers discuss what the system has done for her and her sister. It's not perfect, nothing ever is, but hopefully listening to someone else's experience can help us all think through the best way to set up our own system that works for us. Let us know what you think teenagersuntangled@gmail.comSupport the showThank you so much for your support. Please hit the follow button if you like the podcast, and share it with anyone who might benefit. You can review us on Apple podcasts by going to the show page, scrolling down to the bottom where you can click on a star then you can leave your message. I don't have medical training so please seek the advice of a specialist if you're not coping. My email is teenagersuntangled@gmail.com The website has a blog, searchable episodes, and ways to contact us:www.teenagersuntangled.comInstagram: https://www.instagram.com/teenagersuntangled/Facebook: https://m.facebook.com/teenagersuntangled/Susie is available for a free 15 minute consultation, and has a great blog:www.amindful-life.co.uk