Our 14-year-old earns money from babysitting and wants to spend it all immediately while we think she should save some, but we're not sure if we have the right to control money she earned herself.
More people experience this than they realize.
Parents are grappling with the tension between teaching financial responsibility and respecting their teenager's autonomy over self-earned money.
“Where Are You with Money and children — raising financially literate kids?”
If this sounds familiar, the Library can help you find the bigger picture.