Donate clothes to teach teens about responsibility

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Q: Two young teens are always asking me to buy clothes. It’s really annoying. After reading a book about teenagers, I decided to stop buying clothes and give them $ 750 a year in clothing allowances. Do you give the full amount all at once or do you give it monthly?

A good idea! But for kids who grow their clothes every six months to a year, I don’t think the annual clothing allowance of $ 750 is a realistic amount. If their sartorial ability is insufficient, the whining will only get worse and your plans may explode all over your face.

Give each of your children a monthly salary sufficient to purchase a certain amount of discretionary clothing. I generally recommend between $ 75 and $ 100. The plan will continue to buy the clothes you need (i.e. to replace items that don’t fit you), but in each case you will be spending a minimum amount of money. For example, if one of them needs a new winter jacket, it’s your responsibility. If she doesn’t like the jacket you want to buy, you give her the same amount in cash and she uses her allowance to make up the price difference. If he just wanted beautiful but unnecessary clothes, that would be entirely his responsibility.

The most efficient way to do this is to create a checking account for each child in the bank. As long as you have good credit, the account doesn’t have overdraft protection, and you’re willing to back it up, most banks are happy with it. You deposit your child’s monthly allowance into his account at the start of the month, from which he manages the account. If the check is returned, the bank and merchant fines, and the amount the merchant must pay, will be outside of the following month’s allocation limit.

This plan teaches teens how to budget money and manage checking accounts. Best of all, it also teaches them to cut down on spending cravings, plan ahead, and save sayings for rainy days. It’s a great way to prepare young people for greater financial responsibility as adults.

Percentage of KRT cup shots: ROSEMON DKRT Photo by DON WILLIAMSON / CHARLOTTEOBSERVER (March 22) John Rosemond writes to Charlotte Observer. (Mvw) 2005

Consider giving each of your children a monthly salary sufficient to purchase a certain amount of discretionary clothing.

Visit the website of family psychologist John Rosemond. www.johnrosemond.com Readers can email Question @ rosemond.com Due to the large volume of emails, not all questions can be answered.

Donate clothes to teach teens about responsibility

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