Raising a Financially Responsible Teen!!!

Teen boy with money

My husband and I have been discussing what we should/should not do to assist our teenage son in regards to financial responsibility. Both of our kids get a weekly allowance if they have completed their chores for the week; their allowance is also prorated based on what is or is not completed by the end of the week. My husband does not think we should be giving our son an allowance since he is working and I admit I have been completing most of his chores because he is working. Secondly, both kids have always had to put a certain amount of their money in a savings account monthly. Since our son is working he has more that could be put in his savings account. I think we should encourage our son to add additional money to his savings but I also feel that he should be able to decide what to do “within reason”  with what happens with the money he earns.   My son now has a debit card tied to his checking account, again my husband wants to restrict the amount of money he has available on his checking account.  The other day my son bought something he really wanted that was not very pricey but my husband was upset that he bought it because it was unnecessary. I agreed that it would not have been at the top of my list of things to buy but our son bought something he wanted with his money. I have also noticed that our son seems to want to hold on to the money he makes more so than he has in the past with his allowance. So what do you think? Where is the happy median?

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