You want to raise a responsible teenager. You understand that one day they'll move out on their own. Managing your child's work habits is a tricky endeavor. As a parent you have to decide the proper parameters for work in your teen's life. In addition to the value of work you hope that they graduate into adulthood with an appreciation for the value of money. This is a worthwhile project for parents to undertake. Below are some things to consider when addressing your teen and work.
- Responsible grades. What do you consider responsible grades? Do you require a minimum GPA in order for them to maintain employment? What consequences will low grades have for their ability to earn money?
- Having their own checking account. How will they manage their money? Will you guide them in opening an account and learning to make deposits and withdrawals? This is a great skill for a child to have BEFORE graduating high school. How closely will you monitor their spending and checkbook? The more freedom they have the more growth they will experience. You need to really think this through before taking this step.
- Requiring them to save. Will saving be required in their finances? Will it be a set amount or percentage? Where will he/she put the saved money? How much 'choice' do you give them in the savings equation?
- Meet me halfway in reaching purchasing goals. If they work for half the amount of the item, you will pay for the other half. If you and your teen identify a specific item of interest, this could provide the spark to get them earning and appreciating money. Some examples of prized items: car, pet, game system, computer, or any other higher priced item.
- Work during the summer. This is a great time for your teen to get a job. School is out and they have lots of time to do something.
- Point them toward interest areas. If your child likes horses, check with a local breeder about job possibilities. If she is artsy and creative, check into jobs at hair or nail salons. Choosing a career field that interests your child can help them get valuable knowledge about a career field early in their working years. Experiences like this may confirm to them that this career field is one they wish to have long term.
What do you think about teens and work? What conditions do you think are necessary for a teen to work for money? Please share a comment to add to the conversation.