Tuesday, April 17, 2012

Money Matters and Teens

LZ Granderson:
We do a lot for -- and to -- our children in the name of parenting. I know when I get it kinda right, I know when I get it mostly wrong, and I know when I've been lucky. I will tell you that giving my teenage son a debit check card last summer was the best thing I've ever done for him. I will also tell you that move was pure luck.

I didn't plan to give him the card in order to teach him some grand lesson about life. I'm not that clever. Truth is, I was dropping him off at a monthlong summer camp and wanted to make sure he had some money in his pocket for pizza. So when I picked him up and he told me he had money left over, I was confused.

"Whose child is this and where is mine?"

This couldn't be my son because my son claims he can barely get by with $50 on a night out with his friends. Clearly I had picked up Suze Orman's kid by mistake.

Intrigued, I decided to see if he was really frugal or if he had just misplaced his card for a couple of weeks and didn't want to tell me. So I deposited the money I had set aside for shopping for his school clothes into his account and told him to make it work.

And man, did he ever.
Read the rest.

No comments: