My teenage child keeps asking for expensive clothes and shoes - how do I teach him the value of money?Teaching children about money management begins when they express desires for expensive items.
Exclusive | Parents are cutting off teens as 'stupid' in-app spending spirals out of control: 'I won't pay for that s-t'Parents are increasingly limiting their teens' impulse spending on app purchases.Many parents are refusing to pay for nonessential items bought by their teens.
I let my 13 and 15-year-old girls waste their money at Sephora, and I'm fine with thatTeaching teens the value of money by distinguishing between needs and wants is essential for their growth.Parents should model responsible spending and empower kids to manage their own desires and finances.