Money: Giving teens and tweens an allowance. Two years on.

Ask Rachel anythingWhat we give our kids to spend, and when, is a perennial problem for all parents. Money is a really tricky topic in any relationship; behind it lurks power, responsibility, and freedom. When our kids hit their tween and teen years their needs and desires begin to rise rapidly, so how we enable them to get those things will have a lot to do with how we feel about handing them money, and what we say to them about it. Early on, I decided that I would use money during the teens years to begin the handover of responsibility in an attempt to teach my teens the value of budgeting and managing their own finances. This episode is an opportunity to hear how my system works and - two years on from when I first talked about it - to hear one of my teenagers discuss what the system has done for her and her sister. It's not perfect, nothing ever is, but hopefully listening to someone else's experience can help us all think through the best way to set up our own system that works for us. Let us know what you think [email protected] the showPlease hit the follow button if you like the podcast, and share it with anyone who might benefit. You can review us on Apple podcasts by going to the show page, scrolling down to the bottom where you can click on a star then you can leave your message. Please don't hesitate to seek the advice of a specialist if you're not coping. There's no shame in reaching out for support. When you look after yourself your entire family benefits.Find all the tips from the episdoe on Substack: My emailMy website has a blog, searchable episodes, and ways to contact meInstagramFacebookYou can reach Susie at www.amindful-life.co.uk