Guerrilla MessagingThe next time you and your spouse are driving the family somewhere, plan in advance to make the conversation go something like this:
“Honey, who’s paying for Evan’s university?”
“What do you mean you don’t know? Don’t you have money saved up?”
“I don’t think so. He’s got to get himself through school like I did. McDonalds, maybe?”
“Okay. Maybe he can mow 10,000 lawns between now and then.”
Keep the banter going until your “Evan” chimes in with some worried questions about who exactly is going to pay for his education.
Loan SharkingThe next time your teen asks for twenty dollars to go out with her friends say “sure, sweetie,” but then produce a typed-up loan document with the following terms:
- The full amount must be paid back in seven days.
- Any amount outstanding will result in an additional dollar per day loan fee.
- The document must be signed by your teen and yourself, plus a witness.
Price that GruelOkay,so maybe you’re not serving gruel for dinner tonight, but I can guarantee you are serving a meal that you can attach a dollar sign to. Come up with a rough estimate of what the cost is of getting that meal from the store to your table. Write that number on a piece of paper.
Then, at the beginning of the meal, announce that you will give twenty dollars to the person who comes closest to the actual cost of the meal. After the dishes are done, bring the family back to the kitchen table and see who is the closest.
Now,that’s enough reading. It’s time to set up your teen to talk to you about money. Be creative, have fun and make them sweat a little.
Copyright 2012. Laura Thomas. All Rights Reserved.
This article will be appearing in Your Teen's Money Skills.com later this week.
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